Hourly break and confirmation of double top.
First entry 133.168.
I will be adding a second entry at the neck at 132.750 area. to go short and hopefully break straight through 132 and go all the way down to 127.
Very nice set up.
USDCAD once again a very nice set up
Retracing after that nice sell off from the range.
Faked out to the bottom and then faked out to the top and proceeded to sell off and chose its direction to the downside.
It is now looking to retest the range it was once it. It may once again break back into the box to get the bulls in and then sell...
EU has been just trickling downwards for a long time now and in this scenario it is more likely for there to be a bullish move after a pattern like this.
It is alos apporaching a VERY long term trend line which would be confirmed at the third touch if we get a bullish move.
It is also venturing very close to the bottom of a bear flag and the 1.08500 horizontal...
This is my short term forecast for GU longs towards the Resisting TL.
Possibility to just sell off and break this counter trend line.
IF i get some formations to support my bullish bias I will be looking for longs in the blue highlighted box.
Let me see if I can fulfil my target and just ride the move I am expecting.
I will update this as price action starts...
Waiting on the sidelines.
USDCAD is ranging and has struggled to break above the 1.33400 level. However it is quite a side ways channel which preceeded a bullish move. I wont be selling at the top of resistance but instead I will be lookng to buy at the support. 1.32550 level.
If we break 1.32550 inpulsively I would be looking to go short once there is...
Basic impulse correction impulse.
Lovely break of the support which was followed by a corrective structure with clearly defined support and resistance. I will be looking to enter aggressively at the resistance looking to ride it down to the two supporting levels of prior.
USDCAD very nice bounce off the Weekly TL and has now given us favourable price action to look for shorts with 2 Daily pin bar closes. Now approaching back up to the 1.32500 level where I have my sell limit orders.
If we sell off back down towards the low and break it we could be in a very good long term sell for USDCAD.
Waiting to be triggered now!
Very candle stick rejection formed at a key resisting Trend line on the weekly.
On the weekly there was an accending channel which has been broken.
There was a an impulsive leg breaking the neckline of the H&S pattern. Now I am waiting for a pull back to the neck line with pending orders in that region with stops above the right shoulder. (4hr)
Really looking at two levels to go long as I really believe EURUSD is really over extented and just forming a falling wedge which is a reversal pattern.
Waiting for hourly close to look for longs from my TL.
As it stands now I will set my break even at 15 pips profit and hopefully we get some follow through.
RIsk is around 15 pips so its all good. If we...
Similar to my XRP set up from earlier this week.
I see another ABCD pattern being formed. I hope we dont just fall out but I belive we could go back to 8300 level.Once I get the structure I want similar to XRP I will be going short.
I will update you as it unfolds.
This is very corrective structure and a big short is coming on USDCAD. Despite USoil Selling off I can see a dramtic decline in the USD in the next couple of weeks or months.
Many of the major USD pairs are are very key inflection areas. Lets see if price reaches the blue zone to give another touch of the resisting TL to go back to the downside. Long Term I am...
What I am seeing.
Price has rejected the .47500 level nice confirming that level as a key resistance. We have now formed a bearish continuation flag pattern and we should complete the ABCD pattern at the .46 level. I will be looking to see how price behaves there to enter shorts.
What would invalidate this trade would be a continued push to the upside breaking...
GOLD has been very nice to me recently and has just been moving smoothly to the downside.
However the first obstacle is at this supporting Trend line which we will have to see if it is validated and gives us a bullish signal.
Price has also been forming a flag pattern. I can see there being a lot of orders from the 1265 level to take us back up around $30...
My bias based on the weekly closures on GBPUSD are quite bearish .
This is based on my technicals which based on the weekly time where we had two weekly closures which suggest the bulls have been losing to push price any higher.
Taking it down to the daily we have been making a series of lower highs and lower lows but yet to break the 1.30 even level which has...