In case you had missed one of the many signals I release via my Twitter alias, @4xForecaster, here is a repost of the tweet from this June 03rd, 2014:
"$CADJPY - Short opp @ 93.995 - SL trader's tolerance risk (mine: 94.03 = 93.995 + spread)
- S/T TP@ 93.371
- L/T TP@ 91.489 - High...
There are very few patterns I consider using in my trades, except some proven ones, such as the Shark, the 5-0 and my own prop patterns (Great White, Janus, Euclid, Deep Shark). However, there is yet another pattern for which I keep an eye out. It is the Elliott Wave's Diagonal Triangle, which most pattern traders would simply define as a wedge...
Last March 12th, 2014, I defined the following preliminary targets:
1 - 1.11998
2 - 1.14694
These targets remain in force and in sight, based on a combination of technical validations, namely:
1 - A potential Elliott Wave Wave-4 completion of a diagonal triangle
2 - Added validation of a long-term channel at recent rally point
On May 27th, 2014, I forecast two distinct bearish target, namely TG-1 = 93.830 and TG-2 = 93.746, using a much smaller timeframe (M5).
On a pure technical standpoint, the outlook appeared bearish, as price has surged into a EW Wave-3 completion, then retraced into a symmetrical a-b-c completion of Wave-4 (see top right of chart). What followed...
Looking at the EUR vs CAD on the daily time frame we can notice two days of indecision for the pair since the bearish fall from prior resistance at 1.53019. The indecision is noted with the two doji's formed at the support level at 1.49114. Doji candlesticks represent indecision as neither bears or bulls control the market. Prior to the doji at support the market...
A quick note on this relative strength chart between Gold and Silver. Last October 10th, 2013, I offered a bullish directional idea based on the completion of a pattern of moderate/high reliability, called the "Kiss Of Death ("KoD").
As the pattern play out quite well, so did price action, as it is now ever closer to the targets defined at the time as...
There will be some important announcements coming affecting the CAD/USD.
It would be hard to make a prediction at this point but a buy stop or sell stop on either side could be a good idea.
Time (April 16th) Country Event Importance
2 am (9 pm ET time) China GDP q/y High
2 am China Industrial Production y/y High
2 am China Fixed Asset Investment...
I have started building a long position at GBP/CAD based on two fundamental views: 1) With the UK economy maintaining impressive momentum, I expect further upbeat data releases this week in form of CPI and employment change, highlighting the fact that the Bank of England could be the second DM central bank to hike interest rates after the RBNZ. 2) The Canadian...
28/04 IMPORTANT UPDATE
This is an update for my previous idea
We are now correting the 5 wave adavance from the 90.60 low.
The correction could have ended at 92.30 (todays low),
but it could go lower towards 91.70 before more upside.
It also looks like an inverted head and shoulders...