Hey Traders, RBNZ announced a rate cut which sent the kiwi lower. There was a rebound to the breakout line, indicating a good level to potentially play some risk against the resistance. 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.
As the title suggests, CAD looks strong in the NY session. I like this spot for a EUR reversal toward the downside after strength in the London session. Good R/R, and I like the odds. 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.
Hey traders, this gartley pattern completing near the invalidation level of a bearish impulse. This is confluent with many MA clusters on many timeframes. The R/R is high and the win likelihood is low compared to a wider stop, so trade size needs to be diminished in order to take a trade like this. However, there are many factors confluent with bearishness at...
Hey traders, hope everyone is having a great start to this action-packed trading week. GBPCAD is on a tear upward with little resistance above. Hard to fight this one. A Gartley on the lower TF may introduce a buy limit opportunity to start or add to long positions on the lower TF. Targets are higher, around 1.84. Fundamentally, CAD has been week and NAFTA...
Hey traders, I like a short here at the completed smaller Gartley pattern. There is confluence on the higher timeframe and the data was not as weak as the market would suggest. Looks more like a brief rally that will be followed by continued weakness. Cheers
Cable is bouncing around some important MA's on multiple time frames. I like the resistance above current levels so a short is appealing based on R/R. TP at bat completion. Cheers
Hey traders, I'd like to be long NZD and short EUR by 3:00 EST. I'm taking a short position here and aiming for the confluence between two harmonic patterns. Cheers
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