AUDJPY continues its bullish trend on the 60m chart. A pullback into prior consolidation will likely continue higher. Trade is about 1.3R with stops below key SR/LVN
NZDUSD put in a nice double top on the daily chart where price found support last summer. Price action followed with a break & close below the low between the DT. I will be keeping an eye on the lower time frames for short set ups. Thanks for looking!
Chance to catch more downside in this pair if we can get a retest of previous price level
USDCAD is still bearish as it continues to make lower lows and lower highs. We've had a recent break of support to the downside and now retracing to previous price levels. Adjusting our entry slightly above previous support gives us good risk/reward and a chance to catch more downside in this pair. Thanks for looking!
We've touched our resistance level on the daily chart and will continue to monitor this pair to see if it continues to make lower lows on the 1h chart. Will look for short set up with good risk/reward.
NZDUSD spent a good part of 2015 trending down and gave us a little relief rally near the end of the year. Price level between 0.6800 and 0.6900 has held as a strong area of resistance. If we approach this level we'll jump down to our lower time frames and see if any short opportunities are presented. Thanks for looking! Feel free to comment
This pair as continued to make consecutive lower lows over the past couple of weeks giving this potential bear cypher an additional edge. Entry - 1.34257 Stops - 1.34857 T1 - 1.33622 T2 -1.333241 Thanks for looking!
This pair has been putting in LL's and LH's for over a week. A retrace up to previous price levels will give us a chance to catch some more potential down side with good RR. Enjoy!
Looking at the USDJPY chart we had a nice channel that lasted for approximately two days following a sharp down trend and then we saw a break out of that channel to the down side. These channels represent price levels at which lots of traders are willing to do business. If these price levels are revisited we should expect to similar move in price direction. The...
Caught a late cypher on this pair, good entry for excellent RR
USDJPY has been moving down quite aggressively partly due to fundamental concern in the US. Regardless of reason, we have a nice chance to catch more of it if it retraces up to previous support.
EURUSD had been in a strong down trend putting in Lower Lows and Lower Highs. A retrace up could give us a chance to catch more of it. Short entry @ 1.1100 to make the risk/reward work. Thanks for looking!
Good RR opportunity to catch more downside on the EURJPY
Another potential Cypher complete @ 0.7024. Stops @ 0.6973 T1 @ 0.7081 T2 @ 0.7115
Bullish bat on this pair to complete around 1.9931. Stops @ 1.9850 T1 @ 2.0069 and T2 @ 2.0152 Thanks for looking!
A retracement to previous support (as well as psychological level) gives us a nice 3:1 RR short setup