BrownBearTradingco

BrownBearTradingco

Failed upward momentum on EURJPY Long, creating an opportunity for more downward movement. 2:1 Reward to Risk on this move.

BrownBearTradingco

Powell concerns over inflation creating some fear in the market. This should take euro down to the figur at 1.16 at least. Break above 100ema invalidates idea. Almost 3:1 reward to risk on this idea

BrownBearTradingco

Break upward, downward momentum looks exhausted. 2:1 reward to risk.

BrownBearTradingco Updated 

Continuation of earlier idea. Stop at 156.80 so adjusted Target to ensure 2:1 reward to risk. Expecting a reversal long based on moving average break and slowing of downward momentum. Entry order in at 156.925, so not in yet until this level hit.

BrownBearTradingco Updated 

Break of major moving average showing weakness in continued move downward. Expecting a correction long going into Asia Session. Entry long stop at 156.925 with 2:1 Reward to risk.

BrownBearTradingco Updated 

Strength returning to Safe haven currencies a bit as Inflation worries starting to creep in. 200 EMA Broken which opens up more upside momentum. 2:1 Reward to Risk

BrownBearTradingco Updated 

Yen seems to be gaining steam through london and US Sessions. Momentum showing more downside. need confirmation through break of short term low at 157.33 2:1 Reward to Risk. Trade will be invalid if price hits 157.494 prior to hitting entry point

BrownBearTradingco Updated 

Strong market data for Canada this morning and a rebound off 100 MA. Looking for confirmation of continued upward movement. 2:1 reward to risk

BrownBearTradingco Updated 

Dollar weakness expected with equity and crypto market rise. 2:1 Reward to risk and will hold through the NY Close into Asia Open

BrownBearTradingco

Price action showing a reversal in play. Reward to risk 2:1 with stop located below swing point. This trade might take 1-2 days to complete, will close out prior to EOD Friday if in profit.

BrownBearTradingco Updated 

Into the London Close volume entered Long at current levels. Until FOMC tomorrow, downside will be limited causing a retrace to hit more volume at retail stop level of 150.20. Expect upward movement toward this level through Asia and European session. Reward to risk is at about 2:1.