AlexanderMilev

AlexanderMilev

AUDCAD broke out of the correction channel and it's now retesting it. If the uptrend continues we could well see new higher high, but I'll settle for a safe profit target @1.03

AlexanderMilev

I'm short this pair long term, but here's a good setup for a quick 2-3 day trade. Top of the channel resistance, a shooting star or doji(if you like) candle and a great risk-reward ratio make this trade worth it. Nothing much to say. If for some reason neither TP nor SL is hit by the end of the month I'll close it.

AlexanderMilev

EURUSD looks good to short on daily, weekly and even monthly time frames. On daily ichimoku shows a strong bearish crossover. First target is ~1.343, if it hits I will re-evaluate the trade and update here. As of now my optimistic target is ~1.31. Might move my SL down along with the kijun-sen(blue MA) if the trade goes my way.

AlexanderMilev

Many reasons to try a short trade here. Fundamentally the kiwi is stronger. Ichimoku is setting up for a bearish crossover. My EW count suggest there will be one more wave down before a major correction. Oscillator returned to 0 during last correction, that usually indicates end of wave 4 (as I labeled it). Stop as usual is above the kijun-sen(blue MA). Two...

AlexanderMilev

After two years of rally from 76 to 105, USDJPY is now in a correction. It's trading below MA200. Wave B that's currently forming looks like a triangle, but can tell for sure yet. Based on some fib measurements, that are not on this chat for the sake of simplicity, I estimated 3 realistic targets for this correction: 1) Lowest point of wave 4 and a 0.382...

AlexanderMilev

A straightforward Ichimoku set-up. Strong bearish crossover signal is about to happen. A little bit of correction took the oscillator back to 0 and everything looks set for another wave down. Fundamentally New Zealand economy is strong and this pair pays high carry. Best strategy is to sell and hold until a candle crosses and closes above the kijun-sen( Blue MA),...

AlexanderMilev

Once again the price has broken above the H4 kumo and a retracement for a retest (of the kumo top) will be the 236 fib level. I expect this retest to happen even if this is the start of an uptrend. Next H4 candle will probably go up to test the high (1.2950) before dropping.

AlexanderMilev

Ascending daily trend line (green) has been broken and retested, next target is the monthly (gold). I expect the descending trend line (red) to hold at least one more bounce off it, until price hits the monthly trend line, which will probably happen in the area where both lines meet. It's also a weekly horizontal resistance and a .38 fib retracement level....