Pair is currently in consolidation mode. Looking for a break to the upside once the pair does break.
We are looking at a good selling opportunity with the price being at the top of the trading range. Look to hold this trade for some time if you would like to get the full move. Should be a great 800+ pip move when everything is complete.
We are looking at a possible AB=CD pattern forming on the UC pair. The Target should be around 1.3400.
We have two possible routes this pair can go. It will either retest the .7250 range or start to retrace back down to the .618 Fib level.
We see that the pair has retraced down to the .618 Fib and bounced. This gives a strong indication that the pair has some more upside potential. Looking for a 400+ pip move from start to finish.
We are looking at a possible flag pattern forming in the USD/CAD pair. Oil is steadily falling and Canadian production is slowing. The US economy is also looking pretty good in terms of economic growth and strength.
Earlier today, I sent out the signal that this could be a possible Head & Shoulders pattern forming, but this could also be a Cup and Handle pattern as well. If this is the case, we are looking for a long opportunity. Plan accordingly as we have two possible road maps.
Gold is on a 7 week bullish run and is fast approaching a historic weekly resistance at price action above 1380.00 - 1400.00. Sell opportunities are at the blue line (1390.77) and the price area 1385.00-1400.00 with take profits and buying opportunities for future re-tests at 1340.00. Short term expect price to test and fail at this level however the decline will...
Ride this thing out to the 112 range. Could take some time to get there so be patient.
Yet another pair that has hit that brick wall. Time to watch this pair and see if it wants to start falling some time soon.
Time to sell this pair and rack up a couple of pips. ride this wave down.
Lets see if this indeed holds true. This is my actual trade right now.
Lets watch this daily candlestick and see if we can end up closing the gap some more, or if it even gets into the red. Unless you are already in this trade, my advice is to wait for confirmation and then enter the trade. This could be the beginning of a nice multi-day down trend that we can cash in on.
Looks like we found out where the big boys hang out on this pair. Let's see if this area gets pushed down again.
Once the price pulls back into the 1.5400 range, we are going long and riding this wave up.
Waiting for the right opportunity to short this pair. Once we get into the .7400 range I'm going short and looking to cover my positions in the .7000 range, for a nice 300+ pip move. Time to cash in.
This trade setup is already way below the 10 day EMA. The opportunity to sell this setup and maximize profit would be to allow the price to touch the 10 day EMA line again. Wait for the right opportunity and you could cash in big on this trade. As I always say, patience is key, so do not jump into trades prematurely. Also, minimize your risk at all cost.