This one is at an exciting spot right now, and we will know in the next few days whether we will be bouncing much higher or retreating lower. I'm expecting it to bounce lower, but you can never be too sure. I'm waiting on the candles to tell me where this pair is going.
This guy will be moving lower. It is so unbelievably overheated right now, and the MA and RSI tell the same, simple story. This is a counter trend trade however, as I expect the Lira to lose more ground to the Euro in the coming months.
While this pair hasn't respected it's long term channel too well - especially around the election - it has been in a strong up channel for the last 2 years. Friday's candle suggests that this pair will be bouncing off of the upper side of the channel in the short term. Be aware, this is a counter trend trade, so place your stop loss especially tight.
This trade is great. It just bounced off of a resistance with conviction, and will most likely be bouncing much higher after a little consolidation. I'm going to be looking for an entry on the 4 Hr candles.
So this one didn't work out into a Head and Shoulders Pattern, which is why we waited for a good candle, didn't get one, and didn't get burned. This looks like it will probably be falling into consolidation from here.
This one has continued to fall as predicted, however, I don't think it has that much more to go before it falls into consolidation. I'd stay away from this seemingly obvious trade for now. The easy money has already been made on this one.
This trade may be turning up faster than anticipated. My original prediction stated that it would probably fall and retest its trend line break, but it seems that this pair may just be headed upward without it. Watch this one! If I see a candle pattern I like I will go long and update this post.
We have a classic Double Top forming here - The strength is weak, suggesting that it will not break higher before it breaks lower. Also, we have a classic Tweezer Candle pattern sitting right at a resistance. These factors put together make this an obvious short. That said, I'm going to be waiting for one more weak candle close before I go short. Play this smart people!