Dr_P

Dr_P

EUR/USD correction has broken through the recent key level & seems to follow a downtrend line. Selling the confluence of retesting the resistance area of 1.061-2, downtrend line, and broken 0.5 fib retracement from recent high. SL 25 pips @ 1.064 T1 for 75% of position @ 1.056 & SL at B/E T2 for 25% of position @ 1.051

Dr_P

Back from holiday :) Long wicks indicate the resistance, which combined with the momentum should deliver to test new mid-term lows. On higher timeframe the pair is in consolidation, so target is just 50 pips away with aggressive SL just above the wicks and downward trendline.

Dr_P

USD/CAD is breaking the latest short term uptrend line, which will likely to be re-tested. The bounce from the trend line was my T1 from the previous trade, but I accidentally closed 100%, so I am re-entering to enjoy the full move. I am also adding a new T1 and T2. * SL: 1.31527 * T1: 1.31140 @ 0.5 FIB level for 50% of the position. Move SL to B/E. * T2: 1.309 @...

Dr_P

USD displayed a weird weakness today in pair with JPY... A bounce from the trendline offers better entry point to overall unchanged bigger picture. SL 20 pips TP 56 pips

Dr_P

The pair had a false breakout and managed to recover above the uptrend line. There was a weird weakness on USD on other pairs when that happened. 1.317 area is a strong resistance which confluences with .786 FIB retracement. I look to enter short when the price falls below the trendline. SL @ 1.318 TP1: .618 retracement @ 1.3135 TP2: .382 retracement @ 1.309

Dr_P Updated 

After few months of uptrend at the end of 2016, the pair spent few weeks in consolidation. The recently tested monthly key level of 120 implies further price decrease if FIB level .382 is taken out. * SL: 60 pips * T1 for 50% of position at .5FIB level at 118.1; move SL to B/E * T2 at .618 FIB level at 116.75

Dr_P

It's a longer term view. The momentum is strong and SP500 gains are killing the active SLs, which gives the index an extra boost (in essence, you close a short by opening a long, which artificially creates more demand) We are approaching the first significant extension level, which may lead to a correction from profit-taking (Closing a long is selling, so like...

Dr_P

For the last few weeks I was short on UKOil and my trade was stopped out at B/E before reaching T2 at 53.2. It now seems that UKOil is about to break out from it's downtrend, which gives an opportunity to retest the highs of 58.3 still this week. * SL: 70 pips * T1 57.5 for 50% position; move SL to B/E * T2 58.3

Dr_P

Wait for price to pull back again to 1245, which is a .5 FIB retracement of the recent downtrend and confluences with strong resistance level from November 2016. SL just above the 200 DMA at 1265 T1 at .382 FIB level around 1220 - 33% of position Move SL to B/E at T1 T2 at 1180 - 33% of position T3 at 1125 - 33% of position

Dr_P

The pair broke out of the downtrend lasting since the beginning of 2017, after a double-bottom supported by .38 retracement of a larger uptrend. The downtrend line had been retested and after a consolidation the pair broke out upwards. SL at 70 pips; can be adjusted to 90 pips in case of strong reversal towards the upward trendline T1 for 50% of the...