The EURNZD is another trade I have been posting a fair amount. Been watching this correction that I think could finally be over or at least close to it. A conservative approach would wait for a break and retest but I like a long with stops below the recent weekly. Id definitely want to be in on this move now. It is worth the pips!
Ive been posting short the NU since the September monthly candle which posted very bearish. My target is set firmly in sight. I think we will continue breaking important trend lines. Inversely I am long GN and EN
Oil is presenting a good opportunity on the long side, after the overthrow to the bottom we called for longs, and now that we have a proper corrective pattern we will add into these positions shortly.
We assume that the S&P will be headed higher. A number of factors play into this fundamentally, technically it is a little more difficult to see and as much as I hate fundamentals it plays into a big part of why I am long. I think we are due for a correction in the next 6 moths to a year, but remember it is always better safe than sorry and have your stops. For me...
I posted this USDCAD chart on a larger time frame a couple days ago warning to pay attention to this channel bottom for a break. Clearly no break was seen however we now have a nice push up to the .618 and proper rejection from this area. This .618 is the retrace from the current decline, and on the larger scale do not forget we bounced off the 50 FIBO of the much...
Really nice setup here on the UCAD, I love the bounce off the 50 fibo and now falling in this channel, could safely get short to channel bottom and then wait for a break to add to your shorts.
I closed my GA longs today after seeing this formation begin, anything can happened, but its not worth taking the chance, I will look to get short on a break and retest
I am in a little bit of a hurry so cant do a detailed chart, just seeing a clear corrective and simple sign that we are moving up, also have a nice candle and overthrow to the bottom. All long signals. Good luck.
A set up that has been brewing for a long time is this falling wedge in the EURNZD pair. I really love this pattern and now we have a proper divergence and the possibility of a very bullish engulfing candle. Having all of these standing behind my bias gives us the confidence we need to start really building proper positions. My targets are pretty high but i think...
On the 4 hour i think the SPX is retracing to the shaved candle start before it will resume its move down. A safe bet would be to have a stop above the high targeting 2170 area and maybe lower in time, first things first though 2170. It has some broken patterns, looking for another TL break, but right now i would pay attention to the fill of the shaved 4 hour candle
Possible rising wedge break and retest here, worth a shot on the short side aiming for 3/4th down the way of the broken wedge, an easy stop would be above recent high for nice R&R
Posted this long term EURUSD chart about 3 months ago, things have progressed in this triangle pretty much the way i drew the arrow long ago, I am now waiting for a break and retest on the underside to continue adding into the short.
The EURJPY is coming to a very important spot in price action. Upcoming we have the daily down trend coming into play. The larger pattern on a larger time frame hints that maybe we are going much, much lower, but for the time being we will be paying close attention to this daily descending trend line. If we break above this TL I would assume we can go higher for...
Ive been posting a lot of NZDUSD short plays over the last couple of months and especially since the last monthly close. This HNS neckline being broken and possibly retesting on the daily as we speak will be another reason to add into my short play. If all goes as planned I will be taking profit on the lower ascending trend line listed on the chart.
This EURUSD set up goes perfectly along with the shorts I already have on the EURUSD. This retest is text book, candle pattern as well. Also this candle pattern is wonderful as well. Soon as the open happens Ill look for a place to add to my shorts. Also would like to mention the market has created a harmony now and can move forward with current direction.
For those of you currently long the UJ something to be aware of. The 4 hour has put in a moderately bearish candlestick. 4 hour is a pretty reliable with candlestick. On a grander time frame its around the 50% of the entire decline. I use Fib lines as soft S&R levels so I would be watching this especially close for a possible bearish retrace
I have posted a couple EURUSD short charts lately on higher time frames showing my bearish bias. I am now watching for a break of this line on the lower time frame to add into my shorts.
We have been talking about this for awhile as its makes it way up to the top of the pattern. We took half profit at the top of the pattern but now that we have broken and whats looks to be a possible retouch we will add in a half position and see if we can get a thrust north.