I am taking a long here in anticipation of potential CAD downside after the BOC rate statement today at 1400 GMT. The upside is riskier than the downside IMO. A move up will allow me to set SL to BE before EUR volatility on Thursday when the ECB releases meeting minutes. I am also looking at GBPCAD long as bullish momentum is strong in the pound. Cheers
Hey all - great opportunity setting up at this bull flag setup. Keep an eye on it!
This is the area where I was expecting resistance. I want to be short if the 1.2125 level is broken. Target at TL with SL above recent highs as shown.
USDJPY has formed a double bottom. If resistance is broken, there is a chance that price may carry significant bullish momentum toward ascending target line.
If short term resistance is pierced, long bias toward top of triangle. SL below support.
SMA and channel support give this trade a nice backboard behind which to place a stop. Long toward top of channel if resistance is broken.
I like a long here off of this bullish reversal candle near support. SL under candle with target at top of channel. Gap remains unfilled as well as a missed daily pivot above price.
CADJPY has retraced its gains from yesterday. The bearish impulse was strong yesterday and I want to sell through the Asian and London sessions if lows are broken.
USDJPY is in a short term downtrend. I want to TP at the given target line. Trade active at Sell stop with invalidation above recent highs as shown on chart.
The weekend gap closed quickly after opening higher during Asian session trading. I like a short below support. Trade is invalidated above intraday highs.
Trendline confluence has provided a nice backboard behind which to place a SL. I am short this pair toward missed pivot cluster below. Trade is active.
Triangle may be complete on this pair. I want to sell below pinbar support to confirm downside. Invalidation level is above top of pin. Target at .886.
Starting to see some significant resistance off of the recent hourly trendline. I want a short if lows are broken and the trade is invalid above highs as shown.
Cable has closed the weekend gap and retraced back to .786 of the intraday range. I want a sell stop below support toward 1.13 target. Invalid if highs are breached.
Sell stop set below structural support with TP1 @ 1:1. Trade is cancelled if invalidation level is breached. TP at ~.886 retrace.
I'm looking to catch an impulse down to the break even level. I plan on holding as long as price action confirms downside and targetting missed pivots below. Rally above Friday's high will invalidate the setup and I will cancel the sell stop order.
At the request of one of our TV traders, here is my outlook on copper. I like it long, but I want to see some retrace or a basing pattern before continuation. Afterwards, a bullish impulse will be the key factor in taking a long position with a SL below the root of the continuation.
Hey traders! There has been a wedge breakout to the downside. Keep an eye out for continuation. Should it occur, further downside to the two targets is likely before the uptrend continues. Cheers