Purely a technical setup that I am testing. NOT TRADING IT. Its too easy to make tech setups look pretty. But looks count for nothing in this game, especially when their depth is less than 50 points. I will watch and see.
The USDCAD I expect to bounce off the strong line of support and have a nice LONG bounce day trade. The STOCH is also strongly in the oversold position heading up.
The EURUSD is attempting at a new high in the recent days and I fully expect a retracement back to the 1.36210 level which will provide a nice shorting opportunity. This I expect it to rise and possibly bounce through the tested resistance level and have it become a weak support line. The Stoch is in overbought location and looks to be heading down which is good...
Bounce off the trend line support that is also a major support line. The Stoch is hovering in Oversold and the MACD is starting to turn around after dropping down strong. If you want to do a quick short scalp and then ride the LONG position for a few hours that should be possible.
Testing support for the second time and looks to be rebounding up and heading in the other direction for a nice scalp. The Stoch is hovering around the oversold position suggestion a nice LONG scalping opportunity.
Bouncing off of support and rally's back up to a small resistance level. Expecting a nice scalp movement up and STOCH is also oversold. Will wait to get in until the bar is finished at 9:00 AM just to verify bounce.
Nice channel bounce back down for a decent day trade with decent profits. Also STOCH is hovering in over bought territory suggestion a nice scalp down as well.
Blew through support 1 as the STOCH hovers around the oversold area. MACD is also heading strong down and it blew the current channel as well. I expect to drop to test next channel resistance.
Long Position based on the strong upward trend and the bounce back off the trend support. Entering at: 1.36040 Stop at: 1.35939 Take Profit: 1.36225
Following the main channel down causing micro trends going up and down. with the macd heading down long range but crossing up short term. Plus the Stoch is heading up from the last Low temporarily back up to hit a new Low High. so for a day trade I would do a LONG position on EURUSD for a nice scalp and then play the channel until we see a break.