COMING VERY SOON

Excalibur target from last Thursday is now done.

We have to be really careful now, Excalibur has given a target lower down. We're expecting this to go up to create a bull trap and reverse at some point. We will let you know once we have done further analysis.

There's low volume today but tomorrow should be a blast. We're starting to wind down now, will be back tomorrow unless there's some movement

This is what we're looking for today. We want this to come down to the levels shown and give support. We want to take a small long trade here with a target of around 1740. We have 2 areas of interest, the 1726-28 level and lower down the 1722-20 level.

We're using a larger than usual stop as we want the trade to have some flexibility. For this reason we're using a small lot.

We're too close to the target to enter here. If we don't get the entry below and this hits the target we won't enter this trade. The optimal entry is below

We're going to mark that as complete. Its come too close to the target for it to be a safe trade. Well done if you got in lower down. We'll wait for later for another trade idea.

Hourly immediate levels...

Support:
1735
1730

Resistance:
1745
1755

Update

4H

Members, use these levels for the coming Asian session until we return tomorrow.

We have two important levels, 1720 and 1758. We'll decide tomorrow which one to target first.

We're looking for a long again today, we want to target the 1750-55 level. Its too early to get in here, we want to test the support levels again hopefully later today and take the entry. The stop is larger than usual to give the trade some flexibility.

We're looking lower for the first entry at 1735-32 regions and potentially below that at 1726.

Wait for support

Make sure you manage risk if you're following. Use a Stop loss and small lot

EURGPB

Caution with this one. Looks good to go up. We don't really trade it but the setup looks good.

We've entered a small lot here. The next one will be around 1727

We're sharing what we're doing. We're managing risk knowing that this can go lower. If you're following make sure you pick your level carefully, manage risk, use small lots, use stop loss. Can't emphasise this enough

Halfway. Take some profit off the table on this one and manage the entry

We're closing this trade 10pips profit

We'll wait lower