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Zong Li Chang

Canada

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Member since:	May 1, 2011
Last Visit:	October 17, 2018
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GBP/AUD

Montreal399 Posted 6 May in #GBP/AUD #Trend #Contest

Last week, I shorted this pair at 1.8266 because of a clear resistance at 1.85 level and took profit at 1.8. By looking at the chat and STOCH, we can see that the downward trend is getting momentum. So, I am looking for shorting this pair again next week. Ideally, we can enter the trade when price pull back 100 pips at around 1.8050 level.

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Forex July Outlook

Montreal399 Posted 3 July

With potential interest rate raise for Canada, USA and probably UK, Australia, and EU, in contrast with staggering economy in Japan. Investors are expecting up trend against Yen.
My strategy for July is to buy USDJPY, AUDJPY, CADJPY at retreat and hold position to the month end.

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EURGBP short-term down

Montreal399 Posted 29 Feb. in #Trader's blog

From EURGBP Weely chart, we can see that price goes up to 300EMA, big resistance around 0.79 level.
Daily chat shows down trend has developped for the last three days, at least for the short-term, Cable is going down.
So sell at Monday closing, TP is 100pips.

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