FX:AUDCAD - A lot of Canadian Dollar pairs are in very interesting areas for sells, which is always nice to see that confluences across the board. Rejecting the 78% fib, -27% lining up well with our monthly level. Seeing signs of a liquidity grab at the moment, looking very nice!
A current trade we are in, looking to play this one down to the monthly level of 67.500
Currently creating this head and shoulders formation too, giving us a good sign that we will continue down and looking to be a nice place to enter another position and scale in.
Scary USD chart here, but in a beautiful way! Monthly TF
Q1-2 next year, Vaccine = Bullish USD, economies rising again, USD going back up to the 100s let's see! Could be an incredible year for the US Dollar!
From the position post yesterday, we had that beautiful fakeout, manipulation to the highs, before then seeing the pushdown.
The daily candle wasn't promising for me, I will be managing this position carefully and reducing the risk ahead of ECB news today too! Nice play down regardless.
Played both of these positions live, 12% down 6% back up. Now holding onto both, I will look to scale into my sells depending on how price action reacts, at the minute it is choppy so let's wait for further confirmation
Played this insane move up with a really nice entry!
Now waiting for a breakout of this pennant structure to play it potentially down into even the $8,000s before then looking for a huge swing back up for a longer-term investment!
As per the previous analysis, I am looking to play this down, SO if I am looking to play an overall swing down, and theres a 600+pip gap to where I would look for sells, taking the long hedge position makes sense! So played this really nice order trade 3.3% move up, to now anchor me if I want to look at sells.
If I now take sells, but we keep...
OANDA:XAGUSD Looking to play some silver sells into next week potentially if we get the right price action.
Currently holding longs from the bottom where I shared here a while ago, still holding.
Depending on our price action, if I can find a good entry, I will play a hedge position up, before looking to take the sell back down, from these nice Fibonacci levels.
Holding shorts as a hedge to look to take longs soon with zero risks.
Lining up that fibonacci with the trendline, maybe we could see some sort of manipulation below the trendline, before looking to have a push to the upside! Holding my shorts allow me to now take longs with ZERO risks!
Price is breaking out of this very corrective structure after having that big push up. I will be now playing this up to the highs of 0.9300
Around here I think we could have some big swing sell opportunities!
EURUSD looking like we could still push down a little more, USD is very weak and I don't like the look of longs just yet, so with this pair, I do think we could push back up once more.
Then overall, I believe we can see some huge swings coming!
As from my earlier updates here, silver is now pushing 1,700 pips in profit looking really really nice.
I am now watching today to see how we break out of this flag formation for another potential long entry!
After seeing that head and shoulders formation, I gave this zone and said do not short yet. Now we are here, I am still holding 400+ pips, I also took and shared a 12% intraday trade, now I am looking to add in again for another swing down