Wait for confirmation. I picked up 360bps last week with this downward movement. I exited on Friday. We’re now in a significant area of support: 138-137.5. I am watching for a rejection and possible move back towards 140-141 or 142 in extension.
On Friday we saw this pair break recent lows. I’m in this trade from 97.50 and will continue to hold. I suspect we’ll see a modest retest then a push down towards to 90.00. Is you’re not in this trade there may be an opportunity to enter on Monday. I will exit my short position if the pair push back beyond 96.00 for +150bps
Seeing support here around 156.00. I will be watching as things open on Monday and looking for a move up to 161.00 - wait for confirmation.
trade idea week 3: waiting to see if there is support for this pair around 126.5. If there is we could see a move up towards 132 and beyond. If support fails, we could see an opportunity to short down as far as 115.00 (March 2022). I will be watching closely for an entry.
Weak US data means this hit my SL. Disappointing but every loss is an opportunity to learn, and I’m looking at whether this might see USDCAD head down to 1.32
Using recent volatility as an entry into this trade. Going long CADCHF. We’re range bound in a descending channel at the moment. I expect this pair to run out to 0.715 (0.5 fib) before heading back down. All things being equal this has a very good RR at around 8:1 Check out my profile and give me a follow if you agree and like the analysis. Thanks.
Potential. Do not enter yet. Check out my profile for further details. If we see a rejection around 139.00 we could see a bounce back up to 144.00 for 500bps. I’m watching this pair closely. JPY seems to be strengthening so it may blast straight through towards 132 or lower.
Struggling to see a bullish argument here. I am going short targeting 0.857. Things appear to be range bound for now. Tight SL & around a 7:1 RR in this trade. Check out my profile to find exact trade info.
Clear resistance here for this pair. I have entered a trade short back towards 137.50.
Waiting for confirmation. Do not enter on my analysis yet. Looking for a break up towards 1.82 again. I think there is still some downside pressure on this pair though, and it could slip down to around 1.75 before bouncing. Seeing an ascending triangle forming currently. Let’s watch for an entry later this week or next.
Sent this out on Monday as a trade idea. Easy 75bps. Still scope to re-enter for the extension up to 145 but seeing some resistance around the recent high. Have closed this trade now. Follow me for trade ideas like this & notice if I decide to open again for the extension
Trade idea. I’m going short here on GBPCAD. Break of structure, clear sell signals & good RR around 6:1
Looking long here for USDCAD now. Waiting for confirmation before entering.
Watching this pair for a triangle break. We can see a break from the downtrend, waiting for confirmation before entering.
I’ve entered a long position here. I see a clear break of structure, retest and refusal. I am looking for GBPUSD to push back towards near term highs.
Trade idea week 2: Seeing a short opportunity here with this pair. Descending Trendline. Rejected the 0.88 high. Let’s see.
Trade idea for week 2: I’ll be looking for an entry here around 1.745/750 - if we see a bounce at that level we may see a return to 1.80 or even 1.82 In extension. Await confirmation.
Trade idea week 2: If this pair cannot break 91.00 I suspect we’ll see it fall back to around 88.00. Nice opportunity. I’ll be looking for an entry after US open on Monday. As per my strategy, I don’t trade Monday AM as things settle. Let’s see what happens here.