Hey traders, USDCAD flipped the scrip on us and is continuing its bullish momentum. I like the R/R and the support under entry. B/E at 1:1 with a target at the 1.272 extension at a R/R of 2:1. Cheers
Hello traders, looks like USDCAD may break out of its rising wedge. As expected we are seeing some volatility surrounding the FOMC minutes but the pair seems to be consolidating below the breakout line. Breakeven at 1:1 with a nice R/R for final target. Cheers
Hey traders, I really like a short here. All of these missed and unhit pivots are magnets for price. In addition to that, we have an unfilled gap down below. SL and Targets on chart with breakeven level at 1:1. Cheers
Hey traders, here's a NZDJPY cross trade. I like the price action off of the short term moving averages. Lots of support between entry and SL. Targets are big, with a nice R/R. B/E @ 1:1. Cheers
Hey traders, we have an impulsive breakout toward channel continuation. B/E @ 1:1. Target at 1.618 Fib. Cheers
Hey traders, clear resistance forming here at the 122 level. I am long above 122.14 and targetting the 1.272 extension. Drop below 121.275 will invalidate this setup for me. Cheers
Hey traders, I like a long here above resistance. There is likely a density in demand here for both a short squeeze play and a long entry. Breakeven at 1:1. Cheers
Hey traders, here's one to keep your eye on throughout the London and New York sessions. Buy stops set above recent highs targetting 1.272 extension... Nice R/R. Cheers
Can we keep the pound contained within its bearish channel? If so, expect some powerful bearishness. Only bullish above recent highs.
Hey traders, I expect this currency to continue north. There's too much uncertainty with Trump's follow-through on policies, North Korean nuclear testing, Syria and ISIS. I like this one long. We also have some technical lining up as shown on the chart.
Hey traders, I wanted to share some short bias on the kiwi for this week. There is clear trendline resistance coming up. If the trendline is broken, be careful trading the breakout as it may be the completion of wave-((B))-of-y. Cheers
Hey traders, we may have seen the completion of bearish Wave-B last week which means this a potential powerful rally may be forthcoming in the next week or two. Alternatively, a bearish breakout would require a recount. My bias is to the upside despite the political uncertainty.
Hey traders, this bearish candle at resistance indicates a potential continued downside. Optimistic target is the bottom of the wedge. I like a target at the missed monthly pivots.
Hey traders, there's been a break of minor support on this pair. I like the pound short and the CAD long this week. However, keeping an eye out for GBP CPI data coming out in a few hours.
Bias is toward the downside as we see the kiwi respecting a modified schiff through a potential final leg of an expanding triangle. If top resistance is broken, this bias will be re-evaluated. For now, target is near bottom trendline and bottom median line parallel.
Hey traders, I like the yen short this week and potentially the weeks to come. Many EW counts leading to continued downside. Details and wave count on chart. Cheers
The franc may find support at the existing bottom trendline this week. If the bullish rebound is corrective, we would have confirmation of a potential triangle and look for shorts near the top. For now, I'll be eyeing bullish breakouts from the parallel channel created last week.
Hey traders, I like the USD long this week. However, it may not be until the end of the week until we an capitalize on a bullish breakout. The first level of resistance has not yet been tested. After this level is broken, I want to get long. Cheers