Trade Opportunities: Levels, Ranges and Targets

Currency markets trading 2 and 300 pip ranges normally assumes vital levels are contained between 2 and 300 pips but this is not the case especially for cross pairs as cross pairs married the same ranges as USD and Non USD currencies. By marriage to ranges, long term targets for cross pairs were cut off as no long term targets exist. Markets are settled currently into respective ranges and settled refers to stock, commodity and all market prices.


Far better markets exists to trade and profit when cross pairs contain wider ranges to USD and Non USD currencies. Normal patterns over many years transforms as settled prices go ballistic then trade to ranges and settled prices then go ballistic again.


Normally from past years, the cycle repeats every 2 years. Ballistic means, cross pairs and USD and non USD currencies separate and trade far distances to each other. Here we hit 8 and 1000 pip trades without effort except click. The location to current prices is settled to ranges and we wait for ballistic again.


USD/JPY’s 700 pip trade was the last of the big easy trades as the trade was caught perfectly. Astounding is what we missed. See July 22 and the Red monthly candle. The trade was short 137.00 – 139.99 to target 128.00. USD/JPY dead stopped at 130.00’s for a 900 pip trade. The amount of trades missed from 115.00 to 151.00 and 151.00 to 129.00’s is absolutely astounding.


Today, we must work for the profit pips.


EUR/USD topside for today: 1.0683, 1.0690, 1.0697, 1.0704, 1.0717, 1.0724, 1.0731. Trading life begins at the number 7. If the ECB or Fed changes interest rates up or down then trading life remains at 7. If Powell says the economy and markets will crash, trading life remains at 7. Jesus Christ may fly down from the heavens and sound the trumpets, trading life remains at 7.


Following is what our current range markets look like.


EUR/USD 1.0419, 1.0435, 1.0635, 1.0786, 1.0852. Final target 1.1001. January range 1.0341 to 1.0786.


GBP/USD 1.1997, 1.2218, 1.2264, 1.2490, 1.2531. Final target 1.2718. January range 1.1946 – 1.2490.


USD/JPY 134.35, 135.66, 128.81. 125.45, Final target 122.28. January range 135.70 – 129.78, 129.40.


AUD/USD 0.6740, 0.6736, 0.6760, 0.6880, 0.6942, 0.6960, 0.7082, 0.7184. Final target 0.7082. January range 0.6588 – 0.6932.


EUR/AUD 1.5379, 1.5403, 1.5477, 1.5592, 1.5604, 1.5625, 1.5683, 1.5743, 1.5806. January range 1.6049 – 1.5201, 1.5166. No target except range.


NZD/USD 0.6200, 0.6220, 0.6367, 0.6452, 0.6569. Final target 0.6569. January Range 0.6187 – 0.6554.


USD/CAD 1.3544, 1.3469, 1.3420, 1.3288, 1.3241, Final target 1.3117. January Range 1.3736 -1.3335.


EUR/NZD 1.6530, 1.6612, 1.6683, 1.6779, 1.6784, 1.6732, 1.6828, 1.6905. January Range 1.6267 – 1.7075.


EUR/JPY 134.34, 135.15, 135.18, 137.12, 140.98, 141.49. Final target 134.34.

Brian Twomey

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