The Nikkel has rallied without any significant correction on daily, 4HR and 1HR and so this may be a great chance to short the pair with a stop above the resistance line and a correction to around 18800?
I recently posted that some potential selling area lied in the region of 18320 to 18500. Price has since pushed into this region and has shown a potential Head & Shoulders pattern, which would imply that a move lower towards the weekly pivot is likely. I'm short now on this pair, with stops above the highs and target is the green (weekly) pivot
I have drawn two trendlines, I will enter a pending long on the break of the first one and then a slightly bigger pending order on the break of the second trendline. We have divergence printed on the RSi/Momentum and therefore I'll see fi my orders are triggered
A Head & Shoulders pattern as emerged. GBP is weak against the CAD which is strengthening (look at USDCAD). I'm short and I really fancy this missed pivot as a target for great retracement on this pair
This pair has been ranging for a while, but is largely in a downtrend. This is a great opportunity to sell this pair at the resistance marked by the blue rectangle.
This pair has been sold off due to a strong USDOLLAR, however has recently consolidated and is due a correction on the 1HR, 4HR and daily timeframes. The 3 trend lines have been drawn as the last week and this week have progressed. Here you can see the trendlines have not been broken which implies that GBPUSD is waiting for a catalyst which is most likely to...
GBPUSD has broken a trendline and has a missed weekly pivot up ahead at 1.52914, with bullish divergence shown on my indicator (not shown), I'm long awaiting for this target to be hit. Remember, be cautious as NFP is this Friday so expect some volatility in this pair before then.
Just wanted to post a quick example to traders who are interested in trend lines and using them in trading. Here is an example whereby I'm looking to trade this pair, its been on a bit of bull run due to a weak AUD and EUR rallying in recent weeks, however my perspective has changed in that I believe the EUR is going to weaken and this pair is due a significant...
The EURCAD has been in a nice uptrend channel and has tested the lower channel with some false breakouts to the lower side. CAD is gaining some slight strength with Oil stabilising price wise and with good numbers coming from the CAD economy. My options are to favour the short side, however the best way to play this is to have pending orders for a Long&Short...
Been watching this pair for a while on the higher timeframes (Daily & 4HR) and a nice upwards channel has been formed. I'm long on this pair awaiting for the resistance line to be broken for further upward momentum. With Commodity currencies slightly fazzed following the end of the week FOMC affects on the market, this could potentially weaken the NZD dollar
USDCAD has been consolidating for sometime now. Cleary the CAD Dollar has gained some strength recently with Oil stablizing but eyes are on the FED for which direction USDCAD wants to break. AN idea would be to place two pending Long/Short trades below the uprising wedge support/resistance lines to get on board with an amazing trade.
Pair has been ranging and has finally just broken the trend line, if the break proceeds, expect a rise to the nearest fib before a minor retracement. Otherwise if this fails then a resumption of the downtrend is intact.
On the daily this pair looks to have formed a typical textbook Head and Shoulders Patter with a move the height of the head below the neckline
The USDMXN is due to break the consolidation wedge this week. With a weaker US Dollar maybe a move to the downside is expected, pending orders either side would bode well for this trade?
End of the week trade idea, USDCAD has not hit its monthly pivot with potential bias in the short term to the downside and therefore I am short on this pair with an expectation that the daily pivot will be hit today and the monthly pivot by next week
Well with multiple divergence this pair is retracing, I suspect the lower trendline which aligns with the 100 day moving average to make a new Higher Low and then for this pair to continue its upward trend
Gold has taken a battering recently with a strong USD, however an inverse H&S looks like this could retrace back to 1130 a strong area of resistance. Could this be in time for a surprise FOMC session this week?
GBPAUD has been on a nice bull trend, with the last week of the month, a bearish wedge setup has presented us with an opputunnity to short thhis pair. Indicators show over-brought on RSi and Stochastic so indications suggest this needs to correct but not as low as the previous low on the last retracement