The retest didnt happen as expected, but thats why i always watch to see if we get a retest.I mentioned maybe getting a short out of this if it overthrows and sure enough here we are.. Good luck :)
Im into this CADCHF retest chance at the moment. I think if we can get a good candle here we may see a nice move up. On the other hand if it collapses back through the main trend line it could be a good short opportunity,. Looking forward to the pips no matter what side.
I really like this NZDUSD setup, as you can see the purple areas of great SR. I would look for a sell anytime the price action gets to the trend line of purple and if it actually gets into the purple watch for an add to the sell. A stop above the purple resistance area would be a good spot for maximum RR on the trade.
The EURNZD has made a decent move up, clear correction at this SD level. I think another move up is in the cards soon after consolidation is finished, ill wait for a break of the trend line and perhaps a little retest before I commit
My long is still open and just bouncing around break even. Its a tough call right between wanting the gap above to fill and seeing this clear triangle formed. The triangle will have to break to the upside for gap to have a chance, as a downside break will most likely lead to further decline before a larger correction.
Im thinking about looking for a short opportunity on the GBPJPY sometime soon. I see a decent wedge building up to the 38.2 zone which would be great for a chance to the short side on a clean break and retest.
Ill be watching the NZDCAD daily chart very closely, would like an overthrow to the topside but anything can happen from here, this is why i will make sure to watch for the break, or the overthrow attempt
Hello everyone, sorry I have been out of town for a couple of weeks, had a couple of accidents breaking my arm foot and throwing out my back lol, now that Im mending up quite nicely I can back back to usual business. I think most likely we will see an up move from the wedge break, it may or may not bounce around and retest the wedge, I am already long with he...
AudJpy upcoming monthly candle channel is pointing to the upside. The candle is fantastic even though it hasnt printed you get more reinforcement through the down channel and increase in volume. Yes the volume is broker to broker, however when added as just another piece to the puzzle it actually is worth paying attention to. Unsure what my target will be however...
I think the Euro will really start to see some pressure on their currency fundamentally due to the brexit, more importantly to me the technical side is showing some clear patterns that offer good opportunity. I think I will short this to the trendline 1.07 ish area and take profit there. Then I will observe a possible break and retest of the under side of the...
I think this CHFJPY is going to be a fantastic long trade soon, its gap up gives me a little extra reassurance that it is ready for an up-move soon. A more conservative trader could find a better opportunity by waiting for a break of the channel. I would initially target the 120 area provided this break takes place.
I like how EURNZD has broken out of a clear downtrend here, there is a clear space that needs to be filled to set this market correct, that space is just around my highlighted rectangle. I think that will be my target. Good luck.
I really like this set up on the EURJPY right now we have a couple ways to play it. 1. We can Wait for a break of the trend line for a conservative approach, or in my case I am going to wait for this recent gap to fill and then take some longs from there. The gap will be filled just below the 116 area and my initial target will be the S&D zone which also...
I think the NU has been correcting recently and it shows through a clear channel, we are just at the trendline I am anticipating a break and retest to be able to enter properly. .7000 area is the initial target
Think this is an easy trade here, a number of factors and divergences come into play, targeting the box but I think this can go much much higher.
Inverted Hns, now a pennant, Should be heading up for some more pips shortly.