GBPCAD look strong moving up but “The trend is your friend until the end when it bends”. Well, that time is now. Price even broke the 1.76000 trendline on the bigger time frame. I’m looking to get in SHORT on the first pullback. Probably around 1.76400. TP 1: 1.68000 TP 2: 1.59000 Also check out my analysis on the GBP Futures:
Here is a quick update for EURNZD. As you can see it is currently in a downtrend and we saw a nice bearish rejection candle form recently. I will be looking to enter on a low risk - high reward sell trade for a 1:6 ratio. If we see rejections of the 50% level and the 75% level then the lows will be broken. If the highs are open we will wait for a pullback before...
Nice one white solider today. I'm looking to enter a May $45 call option at $6.25 (limit buy). Let's see what happens. If the market continues higher and/or holds, MU should continue higher. I have two targets for 1R and 2R. Will hold longer if the market allows. Cheers!
See if I can go long a little bit lower than the close since the futures are slightly red. Wide stop on this one. Let's see what happens! Cheers
Today SHOP made a lower low, but is still holding the 100 day sma on the daily chart. I'm putting an order out there for a limit buy at $110 with a stop at $100. She may hold here and continue higher if the overall market does too. Let's see what happens :D
With CHF/JPY coming near fresh yearly highs after such a strong multi week push, its do for a reversal at the 118-119 zone. For the pattern traders we can see CHF/JPY presenting a huge ascending triangle for bullish long term momentum, in the mean time im looking to go short in expectations of price going back into consolidation. . If you take the time to zoom in...
If we have a pull back, $43 would be a great support to buy on the hourly chart. In the meantime, buying off the 50 day EMA on the hourly time frame would be a great idea. Here is the hourly chart:
So far on the downtrend from 20k, we have had a series of 3 bearish pennants form. The first two were textbook and led to nice continuations downward. We are now nearing the end of the 3rd bearish pennant. If this pattern plays out as expected, prices should remain capped near 14k(bitfinex/binance feeds). On the downside, I'm looking for a solid break of 13k to...
The movement of the USDCAD cross is heavily directed by surprises in economic data. Waiting for CAD retail sales numbers and a potential short entry. SL 50 pips, Take Profit 650 at 1.1950. Using real-.time data feed to enter my trade
SHORT SWING: EURUSD UPDATE: Still holding shorts, price is retracing into the weekly zone and I expect it to drop back after premium price has been collected. ***SL and TP areas are posted respectively.
Looking for a Swing on GBPCAD. looking to catch the movement to the downside or the trend continuation from 1.69 MONTHLY SUPPORT zone as execution approaches. News during Brexit and the new election process happening this week could dramatically effect all Sterling Pairs. Theresa May will have to step down from office as the new Electoral Party seem to despise . ...
D, 123, Gr4d, Candlestix 4hour unfinished Candlestix Gr4d looking for a Bullish breakout out of the channel & also a touch of the 50ema 1hour weve popped above the 50ema and completed 1 CGR and currently at 11:20 we have 1 more Gr4d above current candle with candlestix within range... will also try to trade and build the Algo to trade with these setups
A bullish pennant appears to be very near completion. A break from this wedge will be coming soon regardless of direction. This is generally a bullish symbol though, and NEO appears to have a lot of momentum still behind it. Also, NEO has retraced completely to the 61.8% Fibonacci line from it's most recent rally. The 50-61.8% lines tend to be the full retracement...
this is my gold idea please read the comments on the chart please
AMD has pulled back to its support at ~$13. Looking for a bounce off this level with a run back up to $14.50 or more. The price action is similar to the past several times where the stock has gone up multiple days in a row and then went down for a few days before going back up again. Keeping the stop tight at $12.65. Only will make this trade if AMD opens up...
HUGE gap on Friday. Expecting some profit taking on a 25% gain in one day. Will look to go short if the 1.382% fib level acts as a resistance. Previous bullish actions with WIFI have resulted in decent pull backs before moving higher. If I enter, my stop loss will be set at $20.
CEMP has formed an ascending triangle. The bottom trendline is strong. Looking for a move higher back to resistance around $4.86. Possible gap fill back at the end of last December? We shall see. At the very least looking to trade the trend.
Moving averages are lining up on the 30 minutes for a push and looks to be at the ichimoku. I'm looking for a break of that ichimoku cloud... risk is 0.33% while profit target is 2-2.3%