I hate calling tops and bottoms but here is a 4 hour parabolic SAR buy signal and once this crosses those 2 EMA's Houston we have lift off
after entering the cloud and dropping from 1.31 to the 50 SMA inside the 4 hour cloud at around 1.28579 USDCAD went on a stop hunt to hit all stops at previous high and it re entered the cloud as expected and forming a double top and a right shoulder. This is why when u get a good entry on a 4 hour cloud you use a wide stop it is a long term trade and lower...
Holding a short now take profit is at the bottom of the cloud ;) SL is above the cloud. Once it enters the cloud it will exit. USDCAD also at yearly highs, with daily and weekly renko confirmed red this looks safe to hold for the long term considering 1.3 hasn't been hit since 2009 so it might not be seen again for a while considering price rose 1100 pips within a...
Fib time zone has indicated a top and it also means there will be alot of volatility. 4 hour cloud entry would mean price will reach 1.24 or lower in the near future hold on to shorts. Move stop loss into profit at the bottom of the cloud once price reaches 1.245 do not let go of a winning trade
D point hit of this bearish ABCD USDCAD has topped. 1.24 safe take profit at bottom of 4 hour cloud however this could drop way lower than that.
Looks like USDCAD will fill the gap up at opening and enter the hourly cloud and exit the bottom towards that purple box.
Hourly cloud entry confirmed get ready to take profit at the bottom of cloud or move stop loss there when price exits the bottom of cloud
Bearish USD NFP today time to short the dollar i expect USDCAD to drop to the bottom of this cloud and below.
Perfect 4 hour cloud entry Stop loss above 4 hour cloud and take profit at the bottom.
EURJPY has been rejected off the .618 fib level with weekly stochastic RSI turning as this pair is way overbought. 135 minimum target but i think that below 131 is in the cards.
EURJPY has been rejected off the .618 fib into a 4 hour cloud entry. This looks like a great short to hold until 137-135 then trailing stop it to below 131 possibly.
Here is how to tell future price. When price enters the top of the 4 hour cloud it will exit the bottom. Price has entered the top of cloud which was my short signal take profit can be at bottom of cloud but i'm going to trailing stop it to maximize profits.
EURO is massively overbought while JPY is massively oversold this itself makes a perfecting shorting combination with EURJPY. Also to confirm this trade here is a bat pattern along with price entering the top of the 4 hour cloud which it should exit out of the bottom. Another confirming short indicator is Fisher bearish cross. Also this rally seemed to peak at the...
Bearish bat target hit at D leg of 1.143 now price should hit the .382 fib and then the .618 fib however i believe it will go lower towards that D leg of the bullish bat near 1.06
these are rare however extremely accurate bat patterns. price should hit .382 fib and continue to .618 fib
DXY just created a higher low at almost a full retracement however this bearish bat projects price should hit 99.50 before continuing down.
D leg just got hit on this bearish bat pattern first target is the .382 fib then the second target will be the .618 fib if that breaks parity is in the cards.