Earlier post, I reported based on my Interest Rate strategy sell NZD/USD below 0.7730, 0.7728, 0.7726, 0.7712. Followed and you see NZD now at 0.7659. Rest my case.
AUD/USD. Same deal, Shorts below 0.8214, 0.8203, 0.8198, 0.8193. Reported AUD could be range bound for the day, proved true as low saw 0.8167. Yet again, pips were earned.
Short EUR/USD. Correct again. GBP/USD had two versions. First post 1.5144 area proved correct long, Second update post Long/shorts 1.5172, 1.5163, 1.5162.
Points reported are Long/ Short lines for the day, accurately calculated based on Interest Rate curves. Take the breaks long or short at reported levels and guess what, trades earn minimum 50 + pips per trade, per currency pair.
This post regards EUR/USD moving forward in upcoming Asia session. To head Long, following points must break, 1.1580, 1.1587, 1.1611, 1.1640, 1.1680. I took our old friend EUR out to 3 months along the curve.
From 3 months out, topside ranges: 1.3218, 1.2842, 1.2492, 1.2042, 1.1816. Bottom side ranges from 3 months out: 1.0142, 1.0438, 1.0731, 1.1133, 1.1345. Top and bottom side ranges change daily as well as Long Short Lines. Never, Never Trade between my reported points, its a set up for disaster. I’ve worked many, many years to understand the currency price intricacies and associated movements so please heed my warning regarding reported levels.
Brian Twomey, btwomey.com and twbrian.wordpress.com