Cyclopip

Currency Cross-Eyed

Closed Early: Waiting for Momentum on GBP/AUD

I think it’s about time I called it quits with this one as the pair seems to be eyeing further downside. Here’s how it all turned out for my GBP/AUD long position.

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Trade Update: Waiting for Momentum on GBP/AUD

Uh oh, I’m not feeling too good about this GBP/AUD long position so I might have to consider exiting early. Think it’s time to cut losses on this one or hold on? Read more

Weekly Watch: May 22 – 26, 2017

Without much top-tier reports lined up this week, the market focus is shifting back to Brexit-related headlines these days. Check out these potential plays on the crosses!

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Profit Target Hit: Short-Term EUR/AUD Retracement

Cheers to short-term plays! I caught another quick win with this long EUR/AUD uptrend retracement setup, and I’m keeping my fingers crossed that I can keep this streak up.

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Trade Watchlist: Waiting for Momentum on GBP/AUD

So far so good on my short-term EUR/AUD pullback play, and I’m seeing a similar setup materializing on GBP/AUD. This time, though, I’m gonna hold out for more confirmation before going long.

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Weekly Watch: May 15 – 19, 2017

I spy with my one good eye a couple of break-and-retest plays and a potential consolidation break. Think pound bears could extend their stay for another week?

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Trade Update: Short-Term EUR/AUD Retracement

I’m setting my entry levels, fellas! EUR/AUD has pulled back to that area of interest I’m watching so I’ll go for a long position once bullish momentum returns. Read more

Profit Target Hit: Catching Guppy’s Bullish Momentum

Upbeat expectations for the BOE Super Thursday were enough to take GBP/JPY all the way up to my profit target. This was a good short-term play in my book!

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Trade Idea: Short-Term EUR/AUD Retracement

Aussie weakness has been in play as iron ore prices tumbled last week while euro rallies could resume now that the focus is shifting back to fundamentals. I’ve got my one good eye on this quick EUR/AUD pullback!

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Weekly Watch: May 8 – 12, 2017

Can European currencies extend their rallies for yet another week? I’m zooming in to the 1-hour charts of EUR/JPY, GBP/JPY, and EUR/GBP to find out!

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Trade Idea: Catching Guppy’s Bullish Momentum

Sterling ain’t looking back from its rallies these days so I decided to hop in with a long position at market to catch GBP/JPY’s climb. Think I made the right decision? Read more

Trade Watchlist: GBP/AUD Bullish Divergence

Sterling has been on a tear for the past few weeks but I’m seeing a chance to catch a pullback on GBP/AUD this week. Think I should hop in at market or wait for a larger correction?

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Weekly Watch: May 1-5, 2017

Another round of rallies for the European currencies? Here’s how the charts of EUR/JPY, EUR/GBP, and GBP/JPY looking at the start of this brand-new month.

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Trade Closed: AUD/JPY Support Break

Yen bears seem to be on top of their game these days so I’m cutting losses on this AUD/JPY short trade before it hits my stop. Here’s what I learned from this setup. Read more

Weekly Watch: April 24 – 28, 2017

It looks like the first round of French elections caused quite a ruckus for the European currencies and the yen early on this week! Here are the setups I’m keeping my one good eye on.

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