Strong resistance ahead of EURUSD rally. Opportunity to short swing the pair at resistance.
As you can see the USD/CAD has been in an uptrend for a while now. Looking at the daily time frame we can see a clear breakout and retest for a continuation to the downside. Ill be looking in the 1.2543 area for my target area.
Solid LT up trend. (See 1W chart). Potential swing opportunity. Options look rather inexpensive right now. Will evaluate calendar spread, diagonal, or a call spread that provides a little time for the trade to develop. 1W:
I've owned ESRX in the past and have enjoyed significant growth. It is now priced (based on evaluation) where I would be interested in buying again. It is a good company, financial strong, and has a strong track record. Technically, recently bearish, but still overall trending up (L.T.). Broke 68.06 support. If 65.55 is tested and holds along w/ bullish...
EURGBP comes in monthly supply zone, looking for a short setup on TF 4H charts.
Used Trendlines and Indicatiors to Swing trade RES its been going well so far.
CADJPY broke and closed above a big Resistance Level on Friday. It's also forming a Bearish Bat Pattern on the 4hr chart which completes @ 86.00 Level I'm looking for it to come back down to "old resistance" now Support and looking for a buying opportunity off that Level. Stops - 1 ATR below last swing low (Yellow Box) Target #1 - Previous Highs Target #2 -...
USDJPY is coming off of a Major Support Level. I'm looking to buy a pullback in anticipation of the market correction. It has broken and closed above previous resistance and if it can pullback into my reversal area I will look to enter long. I will have to enter long at or below the Purple Line which represents a 1 to 1 Risk to Reward. Stops - 1 ATR Below the...
- GBPUSD has just ran into a Major Support Level - We have an Open Gap well above us - If I can find a reason to get long then I will - Right now I'm looking for a Double Bottom to occur on the Lower Time Frame Target #1 - Next Level of Resistance Target #2 - Gap Fill Stops - 1 ATR Below Double Bottom (if we get one)
CADJPY keeps making Lower Lows and Lower Highs = Bearish Trend I will be looking to sell in the my kill zone (Yellow Box) Stops - 1 ATR above the Previous High Target #1 - Retest of Previous Lows Target #2 - Retest of Feb 11 Lows (This is Extended Targets for me)
Overall daily bullish bias. Potential aussie strength to come? opening the doors for a long position. Break of the immediate resistance and trendline could warrant a long. Flat for now until a clear opportunity to enter presents itself.
Potential doors opening for an Aussie Dollar long position. Very bullish day breaking out the immediate trendline however we could retest a previous trendline as drawn and fall back to the downside. Remaining flat for now.
Bearish Gartley Pattern @ $287.10 Stop loss above $314.30 Target 1 @ $259.30 Target 2 @ $242.10
Darden Restaurants have satisfied the masses with many brands such as Red Lobster and the Olive Garden. Right now, this stock is hot off the heels of a completed Gartley pattern that just hit target twos. We see a bearish trend starting to form, and a subsequent opportunity to get involved on a continuation play. We start to see price action starting to make...
Using the four hour chart as a higher time frame and a one hour as a trading time frame, a CTS score starts to build in the zone highlighted in yellow. If RSI goes oversold in this same zone, I think it could constitute a strong buying signal. We see confluence of both a larger retracement and extensions/inversions in the zone, as well as an ABCD pattern. As it...
GBPJPY is in a downtrend. I'm looking to sell Rallies on this pair. Price has made it back to my "Reversal Zone" and now has Double Topped with Bearish RSI Divergence. We also have a an ABCD pattern completing right at the Double Top. I just sold at the Double Top and looking for a retest of Previous Lows. Stops - 1 ATR above Double Top Target #1 - Retest of...
Looking to short EURJPY around the 129.00 even handle. Market is Bearish, so I'm looking to sell the rallies. Entry - I look to short somewhere between the 61.8% and 78.6% Fib Retracement. I move down a Time Frame and look for a Reversal Pattern via Candlesticks. Right now we have an ABCD Pattern completing in that area. I'll be looking for other things such as:...
The recent Iowa caucuses brought up the issue of ethanol subsidies and opened up it's viability for discussion. One thing's for sure, Ethanol subsidies are not good for the price of corn and simply lower the supply and increase price. More and more vehicle owners are becoming hip to this biofuel's corrosive nature. For the foreseeable future however, ethanol looks...