Summerset

13:33

Summerset

The market is doing the last leg in a butterfly pattern. The fundamentals impacting sterling down are consitent negative manufacturing & production numbers, & inability to rates to combat sticky inflation by the BOE in such a dire economic enviroment. Sterling is continuing on its down ward trajectory going into the UK general elections in 2024. The current...

10:36

Summerset

Short 1.068 - 1.0640 with a stop @ 1.074 targeting 1.0460 over coming week & next. Profitable Trading Summerset

13:27

Summerset

Accumulate shorts between 1.0650 - 1.07 stops 1.0820 targeting 1.018 over the coming month of October & November. Profitable Trading Summerset

14:42

Summerset

For swing positions fall back to accumulate @ <0.8870 -0.8960-0.90> target remains 0.9450 over coming 2 MN (This being a positive swap issue). Current week should see Dollar soften into the CPI release on Thursday. Short 0.9135, stop 0.9235. Target 0.90 - 0.8980. Begin to accumulate longs as of coming Wednesday/ Thursday to target 0.9250 short term, and 0.9450...

20:00

Summerset

Dollar Swiss has triggered a long term uptrend. The opportunity can be maximized in term of retuns on the position trading, swing trading and short term intraday trading levels. This video is a short description of the appropriate strategies to implement in each case as of 6/10/23. Updated will follow on a regular basis. Profitable Trading Summerset

Summerset

Expect a bounce out of any of the level-1s showing on the 30-min Chart above. Target restricted at 142-142.40.After which a head and shoulders, or double heads and shoulders begin to form at current levels for a break lower next week targeting 138/37. On Friday, The BOJ will issue their own rate statement (-0.1) & press conference, and a higher head at 143.2/60...

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If Dollar strenght evolves out of Mr. Powel's press conference -next target for longs become 0.8850 out of break out of an ascending triangle consolidation - shown above. Profitable Trading Summerset

Summerset

As per attached chart. Keep Targets close @ dotted red line <0.8750>. Today is expected to be choppy & directionless. Profitable Trading Summerset

Summerset

The chart above shows the successive long entries that can be taken going into FOMC day. Here the target in leg/A diminishes to 0.8850 on FOMC day. Profitable Trading Summerset

Summerset

The assortment of right shoulder formations is showing on the above chart. The FED move should take market higher in Leg-A to 0.90/0.9060 in a Leg/A. Note the flag formation (marked wedge) in the current market eruption. Buy , stops 0.8550 (to avoid volatility) on FOMC day, and take targets 0.90/0.9030 -Wednesday Night (Powel conference). Profitable Trading Summerset

Summerset

The coming zigzag upwards will show as a shoulder targeting 0.9235 Profitable Trading Summerset

Summerset

Longer term the Dollar Swiss could be doing a trending zigzag down to 0.80 levels in the next leg of the financial / banking crisis. (keep in mind the financial crisis has been under pinning a strong CHF against the USD since the credit crash of 2008. Short term however, with the FED meeting coming up, there would be resurgence of Dollar strength to form upward...

Summerset

It is now possible to long market into the inverted H&S showing. Long market & into retraction back into right shoulder <141.20> Targets same @ 143.9 - 145 Stops 120 pts from entry <140> Profitable Trading

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Entries long @ 140.5/7. < Stop 138.70 > Target (T1) @ 143.9 (Wednesday / Powel) Target (T2) @ 145 (Friday / Ueda - BOJ) Profitable Trading Summerset

Summerset

There is an opportunity for a bounce in USDJPY from daily lows today & tomorrow to a wave-B top <143.9>, or a wave- top <146>,on the trigger (green arrow on momentum) shown on the chart above. The could be fundamentally spurred higher by Mr. Powel's press conference (Wed 26/7), and the BOJ's ultra easing policies getting confirmed on their meeting on...

Summerset

Best entries are (1/2) @ shoulder level <0.8960> and (1/2) @ head level (0.9060). Stop 120 pts higher from entries. Target 0.8660. (300 & 400 pts from entries). Profitable Trading Summerset

Summerset

SNB is increasing rates by 25 pts today, accompanied by a presser. There is dual -ve momentum triggers on the Daily (shown) and 4Hr time frames. Break down in the neckline shown on daily chart could commence today. Long term Targets are 0.8660 & 0.8550 Profitable Trading Summerset

Summerset

The current market is long with a target @ 1.1120 and stop 1.0920. Entry is a market entry. Profitable Trading Summerset