kenny_ponde

kenny_ponde

Merely because the ECB has just raised 50 bases point today and the sinking of the DXY EXPERIENCINGa market correction, data right now are still undcertain and stronger in favour of the dollars but the retracement is happening and we caught it expecting around +113 pips

kenny_ponde

the most interesting tings i found about GN and EN ( GBPNZD and EURNZD ) is their pips value, due to the fact that NZD is bullish at the moment I am expecting them to sink for a while hopefully this week or next week to close up the moments and give a longterm perspective I am perish for that with 3 target points.

kenny_ponde

points shows strength over the yen, I don't exactly know what's drives this movement fundamentally, but technically we're long for about 200 pips up until 168.273 as a target point that can happen today or tomorrow, swing and patience expected

kenny_ponde

the dollars has shown slow growth this week, like every NFP week the ,manipulation is an indirect pattern to what might possibly happen, jobs for the month of June are expected to be less that will impact direct on the direction of the dollars which I believe will fumble and start a correction,

kenny_ponde

market structure still in favour of the bears innit, after scaling up about 318 pips yesterday, there is a possibility of banking + 150 pips following the momentum, bears are in control of the swing for now let's aim for 159.600 just bellow the first psychological area. session : London session day trading

kenny_ponde

still bearish, probably for the whole day or perhaps the whole week, I am currently scaling up on last week trade, with a target on over 200 pips, the correction is happening just catching the momentum innit, have a great day swing traders... :)

kenny_ponde

unless the supply chain is stabilise I don't see the oil falling anytime soon from a technical and fundamental point of view, this is just an exercise of the forecasting part of the oil, currently a correction has happened, after the the final decision on the adhesion of Ukraine in the EU this might happen, depends on how soon

kenny_ponde

the entry last time was a bit belligerent and had hit the stop loss, but the bias stays the same on the same weekly target as last time post about the pairs, I guess it is more about patience, but the bias stays the same, stay woke fold, swing it.

kenny_ponde

I found a possible psychological target area around 131.000, merely because the DXY seems to have started a correction, and on the Daily timeframe of this pair there is a bearish engulfing pattern, that for me is enough as confluence to allow this sell for more than 300 pips target swing type of trade. hopefully it will kick in. Trade type : swing pips est :...

kenny_ponde

Since the market has opened we've notice a lack of volume, that might indicate a reversal, due to the economics situation currently not sure how impactful would it be, on the technical side it is enough confluence to swing down and hopefully grab some moves triggered by more volume. my bias has changed to bears for now swing target 160.024 over 300 pips.

kenny_ponde

There are two possibility, the entry must not be as efficient, but my bias is divergent simply because, it seems that there is an exhaustion phases happening, not much of volume, therefore I have to keep the two possibility open of a scale/swing depending on the liquidity.

kenny_ponde

The bulls are not ready to back down, I am not really sure of how correlated this pair is to the DXY, but structure wise on a H4_D1 The bulls are on some smoke with a potential Target of about 471 pips up, you know, that usually this pair gives a lot pips if you catch it a the right time, and I believe this is the right time to bank on it. swing buy weekly...

kenny_ponde

currently the Market is nuts, the Feds, the ECB, the cryptos and the wars on top of that. All have a direct impact on the market, this can really go sad ways but I believe in that merely because euros been fumbling for long now as a major pair impacted but the DXY, can only hope for a pullback of the dollars to make this possible

kenny_ponde

holding this position since Tuesday London session, the volume as expected isn't there as yet, but I believe we must start seeing a rally up from today's us session and two target level are spotted on the chart as take profit, swing trading mode that requires a high level of patience.

kenny_ponde

currently bellow the 130.772 weekly resistance area since the 28th of April. Expecting the price to rally down further to 126.000 for a proper retracement ( pull back ) before the take off to the 134.487 and maybe further 145.000. swing and patience must be in the rendezvous-vous see y'all nextweek

kenny_ponde

CHANGES OF BIAS , adapt and react, because of how the market is moving all in correlation with the jpys I had to short.

kenny_ponde

previous resistance became support and changed my bias into a 90 pips bullish target, 15-30 minute point of view. hopefully it all happen today.

kenny_ponde

Retracement happening on USDZAR toward the price 15.51967, looking forward to short this exotic pair, waiting for us session to confirm, #aksantisFX