QuileHills

QuileHills

The pair is about exactly at this potential Wave 1's 61.8 fib. If it breaks below that 61.8 fib the bullish Wave formation could be called broken so it would b a good idea to confirm that the bullish wave is broken before entering short with a sell stop similar to the one show. The entry for the sell stop shown is far enough below the fib support to confirm a...

QuileHills

Trend support (red line) was broken today, I'm positioned as shown. Good opportunity to short, one of my favorite set ups. 1st Profit target at 78.7% fib (blue/grey border). SL above local max for overall R:R of 2.61

QuileHills Updated 

USDCAD defended it's bearish sentiment slightly better than EURUSD defended it's bullish sentiment after the (albeit, low impact) Mortgage Applications released for US this morning came out strong. This, coinciding with a break of my trend support and and RSI divergence leads me to commit to the short position as shown. Overall r:r = 2.3 First target will be...

QuileHills

A head and shoulders-like pattern has been repeating in this channel on the GBPAUD pair. I'm entering a short just below the neckline as shown with a sell stop to take advantage of another occurrence. R:R 2.68

QuileHills

Watch for a break upward from this narrow channel up to the 117.0000 level.

QuileHills Updated 

First resistance (green) appears to have been accepted by the pair. Trade active as shown in chart.

QuileHills

EURGBP is sticking to the red trend support very faithfully thus far. A break of this support inconjuction with the possible formation of RSI 4H divergence could make for a quick profit shorting down to the main channel support line (Brown).

QuileHills

This is a classic set up for me if you go back through my previous ideas. RSI near overbought and diverging with a well repsected trend support. If it breaks trend support I'll short a large position down to 78.6% fib for quick profit.

QuileHills

I'm using this sell stop position to catch USDCAD as shown in case it respects the green trend resistance shown. If it breaks then I will go back to my original trade set up watching for resistance to hold in the oval area. R:R 4.63

QuileHills Updated 

There is a recent theme of channel breaks in this pair. RSI is breaking downward and price is just leaving the channel, may be a good opportunity to enter a short safely under the channel in an attempt to confirm the break downward. I've got a Buy Stop in to ride the pair down to the 61.8% fib

QuileHills

NZDUSD is approaching the 23.6% fib support intesection with trand support. It is simultaneously indicating over sold on the 1H RSI while approaching oversold on the 4H RSI. We could see a big bounce back up at my current entry price. Current R:R 5.3

QuileHills

After failing to acknowledge my previous resistance USDCAD is now approaching a point of resistance intersection with 1H RSI already showing overbought and 4H RSI approaching overbought levels. I'll be watching the support level shown in the oval for acceptance of this double resistance.

QuileHills Updated 

I had previously noted USDJPY's approach to this fib support correlating with RSI approaching oversold on both the 1H and 4H charts. Since that is now the case I'll be watching for the pair to accept this support and head back to the trend resistance.

QuileHills

Keep an eye on the area shown in the oval. Rejection from fib and break of channel support along with RSI indicating oversold on multiple time frames will present a good opportunity to short with a position similar to the one shown on the chart.

QuileHills

Watch closely as USDCAD approaches this intersection of short term trend support (red) and long term channel resistance (green). If it breaks below the red support within the oval, we'll have a very good opportunity to short this pair down to the intersection of the 100% fib support and the medium term trend support (purple)

QuileHills Updated 

Watch for this pair the breakout downward through the 23.6% fib support and teh channel support shown. Short down to 61.8% fib support, protecting profit with a trailing stop along the way.

QuileHills Updated 

If the price breaks below the minor support shown I think this pair will fall right through the seemingly ignored 38.2% straight to 50% fib to see support regained.

QuileHills Updated 

Potential Sell Stop set up pending confirmation of resistance holding. r:r 4.7