This pair is in a clear downtrend. I like the basing price action at support, usually a sign for strong breakout potential. Previous lows have been broken which could open the flood gates through Friday. I'll be selling at the break with SL above 20 SMA and following price action down after 1:1. Looking for 2:1 or higher. Cheers!
The pound is in a multi-week downtrend. Here's a setup that takes advantage of SMA resistance that may help add to the bearish momentum. Back side retest will provide some resistance at entry which may trigger continuation. Cheers
NZD is weak and weakening and the CAD is strong and strengthening. The pair is falling in what appears to be a continued falling wedge - an elliott wave triangle. I like a short here with a relatively tight stop and a target near the opposite triangle barrier. Cheers
NZD has shown continued weakness since the RBNZ released its dovish statement last week. I'm speculating a Franc reversal to the upside to send the pair down further. Should be about a 2-3 day timeframe on this trade, but price action will be the ultimate deciding factor. Active immediately, cheers.
I am adding to this trade as this pair continues to drop. Looks like continued upcoming weakness for the USD against strength in the CAD. Technical analysis looks good to support the prediction. Targets align in the PRZ of Gartley and Butterfly patterns. Trading from the 4H chart. Cheers
This is a pair that could rise throughout the week through Wednesday's NY session. NZD has shown tremendous weakness over the last few trading sessions and EUR is nearing a breakout point. I like the R/R with a relatively tight stop, keeping an eye on the 15m timeframe for an exit strategy if the pair does not reach 1:1 within 4 bars. Cheers
AUD is weak on RBA dovishness less than 24 hours ago and I expect it to continue throughout the NY session. I like the strength of the Euro after US equity markets opened. This will be a short-term intraday trade with a moderate/low R/R. Some choose to ignore a R/R lower than 2. I like to risk lower capital for high percentage low R/R trades. Trade your plan. Cheers.
I like the Franc long and the JPY short. Although the technical setup isn't perfect, this is a great R/R following a nice bearish impulse on Monday. I predict this move to continue through the rest of the month, with profit-taking on or around March 31. Cheers
Looking for long continuation from here on this pair. AUD coming up on an indicative support level, and we have significant resistance on the kiwi. Looking for at least a 2:1 swing trade. Cheers! Be safe
Hey Traders, just checking in with a quick update on a potential US equity breakout. I like the way this is setting up on all indicators. Good price action, tons of potential return and limited risk. Cheers. Looking at entry at current level.