Looking for EU to make a run to 1.14250. Had stops taken out at the low, then an engulfing candle surpassing the previous 6 candles. Looking like a great opportunity to jump in and let it ride. Once trendline is broken, we will have more confirmation and can add on another position.
Current high of USDCAD is being respected. Stops of retail traders going short have been hit. Now taking a short position for about 130 pips to our 61.8% fib level.
Looking at AUDUSD currently. We can see our 61.8% retracement level has been reached. That wick caught all of our seller stops who got in too early, above the current high. Now, I'm just looking for the extension to be reached at .7000 area.
AUDUSD back up to our 61.8% retracement level. Currently seeing a double top on the 1HR timeframe. May spike back up to .72050 to grab seller stops and then drop down to our overall target of .7000. Will find an entry when the neckline is broken and retested.
Looking at USDCAD, i'm eyeing a retest of 1.31400 area and then the move to the upside. Looking at 1.32300 as our overall TP for this trade, even though i have higher upside targets overall.
Looking at GJ we've had quite a bit of bullish movement the past few weeks. Now price is currently at our Daily level. Looks like it might be time for a pullback into next week. If i have a break and retest of our current neckline, i'm in for the short. My TP's are the green zones. My overall target would be 144.250 area.
Looking to continue short on GBPUSD. Price broke and retested our neckline, then continued to the downside. Will look to enter a position after a retest of our 1.32300 area. My Take Profit levels are the green boxes shown. Overall target is the Micro Level of 1.30625, if we make it there. Definitely bullish overall on higher time frames. However, i'm seeing a deep...
So, looking at AUDUSD currently. Our short opportunity was beautiful. Now that we've reached our overall Take Profit zone. Will be looking for AU to go back up to .71140 area. Since tomorrow is NFP, i'm going to be very careful with this trade. I'm foreseeing a stop hunt down to around .69820 and then long from there.
Looking at NZDUSD currently. We're seeing a potential double top at our 78.6% retracement, which is also our neckline before our initial sell off 3 weeks ago. Our overall trendline has been broken and retested. Our last 4H candle had engulfed the previous 2 candles, showing sellers entering the market. I'm currently waiting for the high to be wicked, and the early...
Didn't get a chance to post the trade idea before the move happened, but currently short on UJ. Patiently awaited the completion of our harmonic from a few weeks ago. Now that price completed our C to D leg, will be looking to catch the retracement. Currently about 75 pips in profit. Take profits are 109.750, which is an important level on higher time frame. If...
Looking for USDJPY to complete bat pattern on 4 hour time frame. Higher time frame 61.8% retracement coincides with D point completion. Will look for shorting opportunities around 111.300. If 109.00 is retested and respected, looking for long opportunity until D leg completes.
Looking at EURUSD, we see a current retest of our overall range. (Gray box) Our trendline has been broken. Looking for a retest off of our trendline, and a 61.8 fib level. Taking this one short to 1.13500 area, before the possible continuation up.
Short just completed, now looking for a potential reversal pattern around 1.13500 area. Right now, just observing to see if this level will be respected. Heading into next week, i'll look for an entry if I have confirmations.
Looking to got short on USDCAD. So far respecting current resistance level. Looking for about 180 pips to the downside.
Monitoring EURJPY for a potential long position. If our current support level holds at 123.850, I will be looking to enter a position. Overall target will be 125.800
Looking at GBPCAD for the upcoming week. Currently in a range on the Daily timeframe. Weekly we've been seeing lower highs and lower lows. The arrows are just projecting what i can see price doing. A break and retest of the range would incur more bearish momentum. If this is the case, i'm looking for price to go to around 1.64500. This movement could be a fake out...
EU playing out beautifully. Bearish 4H engulfing candle out of our range. Now looking at the pullback and retest. Looking at our first Take Profit @ 1.1620 Take Profit 2 at 1.1540 area to fill out our next range
Same analysis as the previous Daily chart, only now on the H4 timeframe.