Week 9-13 (Nov 2015) - Intraweek Trade Ideas

                               Week 9-13 November 2015

Intraweek Updates

GBPUSD

Sell GBPUSD 5 microlot at 1.51614. Maximum Stop loss = 1.5270. Maximum Target = 1.4637

Reason
1. 38 % fibonacci will hold
2. the 38% fibonacci is at 1.5200 (round number) and weekly pivot line at 1.5190 area.

Expect a move towards below 1.5000

Trading by grid with expected bias towards lower GBP against USD

Sell 0.05 lot  at 1.51614
Pending order at these level with SL at 1.5170 and TP 1.4637
       0.01 lot at 1.5182
       0.01 lot at 1.5201
       0.01 lot at 1.5221
       0.01 lot at 1.5241





"I will not be responsible for any losses incurred by following the trade ideas published."

Week 9-13 (Nov 2015)

Week 9-13 November 2015

Trade Ideas - Mainly looking into buying USD
Janet Yellen hinted about the possibility of interest rate hike in December
NFP result is extremely exceeds expectation and consensus.


AUD/USD

Looking forward to sell any rally.

Sold AUD/USD at 0.7041. SL = 0.7110

Stochastic
Weekly - pointing down
Daily - Heading down (not yet oversold)
4H    - Oversold
1 H - Pointing up

RSI
Weekly - bearish momentum
Daily - bearish momentum
4H - Slightly oversold
1H - Slightly oversold


NZD/USD

Sell at 0.6550 TP = 0.6460 , SL = 0.6630

Stochastic
Weekly = Pointing down
Daily - Oversold
4 H - Slightly oversold
1 H - Overbought

RSI
Weekly - Bearish momentum
Daily - Bearish momentum
4 H - slightly oversold
1 H - Nearly oversold


CAD employment data was strong. Therefore buying CAD against other weaker commodities or majors


AUD/CAD

Sell AUD/CAD at 0.9360. SL = 0.9420, TP = 0.9260

Stochastic
Weekly - Pointing down
Daily - Pointing down
4 H - Almost oversold
1 H - Pointing up

RSI
All time frame show bearish momentum



"I will not be responsible for any losses incurred by following the trade ideas published."