First try to publish one of my ideas, please don't follow my recommandation :) Based partly on TDI for USDCAD pair on daily timeframe, we have : - Fast RSI crossing Slow RSI - Overbought - Fast correction happening I aim for a pullback for 7 daily bars maximum with 200 pips max TP. SL should be above latest green bar. Entry, SL and TP on chart.
Another one with JPY pair, still based on TDI strategy. AS the daily view is still very bullish I expect this trade to catch a pullback to the 82.0X, with a small SL. Not a very good R/R, but another trade to test my strategy.
An even more risky trade, I actually don't recommend to take it. However I did it in order to refine my timing entry skill for TDI Strategy. On my other idea we are "early" on the trade, and on this EURJPY we are potentially late so I will be checking closely every candle to close it or move SL. TP has been calculated based on previous resistance.
Another try, but in my opinion a more risky one. Daily TDI shows loss of strenght for bull and 4H candle shows a cross so we can expect short momentum to continue until 112.0X. It could develop in stronger trade if successfull. In this case I will be monitoring Daily TDI to check global picture. Entry, SL and TP on chart. I will update this one every 4H.
It seems we may have a confirmation of the end of a Wave 2, ready to trade a Wave 3 LONG. TDI in this instance shows almost oversold position and would correspond directly with the price action and structure. The Mustard, Ketchup, Mayo and Blueberry EMAs have also all crossed (note Crossing of Ketchup and Blueberry EMAs) suggesting an imminent reversal to go...
It seems that as some other players in the Lodgement / Hospitality industry, ACCOR is not immune to market sentiment and investor scrutiny... where currently a LONG position with a reasonable entry is a good trade, but only until what seems to be a completion of a triangle wave E, where if my analysis is correct, there should be a massive SHORT opportunity to...
Based on the current Daily chart/pattern, there is a possibility to enter a LONG until the top of the channel trendline, before a substantial SHORT to the bottom of the triangle's channel trendline. IF the bottom trendline is broken, after consolidation and crossing the Blueberry EMA, we should be able to have confirmation of a significant Impulse wave downwards...
Seeing an interesting flag this week. Watching out for a possible break of this flag to the upside. The TDI-RSI line (green) also has a very strong up angle and we just need to wait for it to cross the red one and the flag break for long confirmation.
TDI crossed up and stoch above 80. It shows up trend according to Mehdi's system
According to mehdi 's method and TDI rules, When TDI crossed down and stoch is below or near -20, this is a good opportunity to sell. Keep the position till 200 EMA or till TDI show exit signal ( opposite cross or hook up or flat)
The EURUSD is finding resistance at a number of key levels and has created a wedge pattern. A very old level at 1.120, a Brexit key level at 1.11725 and yearly PP around 1.115 and the 50 day sma. We see a good rejection candle off these levels (see circled area). The TDI is showing a steady increase and all the RSI lines are above the 50% level. The BBands have...
Following the Wyckoff analysis previously shown we are in a corrective structure. Waiting for the mark down to continue. I did not post last week but the previous week we were looking for a test of the top of the structure. This has occurred and we are now again moving to the bottom of the structure. We are now coming to the thin end of the wedge and will start...
I am still expecting the USDCAD to correct to the confluence of some significant levels. However, I now think this may take the rest of the year to achieve this. Volumes remain low and will be watching for volume to return at the 50% retrace level of the AB leg of a potential ABCD pattern.
The NZDUSD is pushing the median line of the pitchfork last week but unable to break it. A break of the median line should result in a strong rally but a break below the lower trend line should se a correction back to the lower median line.
The BC leg of the larger ABCD correction is probably going to take some time longer to complete. We saw a correction to the 61.8% level of the up move before we reached the confluence of significant levels around 1.335. This week we could see a continuation of the up move. The 'TDI is showing bullish signs and the down move is not supported by volume.
We have been following the ABCD patterns the EURUSD has been making for some time (see below). We broke the Brexit key level and trend line formed by the previous down ABCD pattern. The 'TDI is overbought and we can expect some correction back to the previous structure before the final push to point E. Volume is showing increase on the move up and no demand at the...