Those following this pair on the daily can see we are in a c wave channel of an ABC correction for the larger down move. It is looking like we may be completing this channel and downside looking good for a short opportunity. We would like to see a weak up move on the 4/1h charts to give us a nice sell set up - hopefully early this week. I have a drawing and...
USD CAD is definitely in a down trend - however there was a nice pullback wave up as a correction of the daily down trend.. It looks like a nice flag for a bit more upside on this one before we look to continue the down trend. May get this one Friday or early next week - Happy trading!
We are in consolidation after a move down.. looks like buying the break of this 60 min flag would be a nice short trade. Happy trading!
No divergence on down trend.. sell the break may be a good trade.. may be a short one.. target 16.70.. Happy trading.
Downside now is likely limited - expecting a wave up at least to the pattern or TL above with a possible move to the higher TL above on the daily. You should have a tested strategy for how to trade breakouts - so be careful not to jump too soon also. Happy trading.
the uptrend is weakening for a correction. Shorting the beak of the current trendline with a small stop could bring nice pips with a target of 50 or the 61.8 levels below - happy trading!
Looking upside - good one for early in the week! Entry on 60 min chart but posted 240 for full context.
Sell the breakout of this flag..
broken 1h downtrend with a 50% retracement at the broken line right on the uptrend line.. looks like a good buy for 30-50pip short move on a Friday! These are always risky so trade carefully -- Happy Trading!
USD CHF often will just MOVE.. entry order placed with stop below consolidation for a hopefully symmetrical move up..
short term trade to downside.. take the breakout.. this is a good trade for this week.
This pair is moving up to a significant position at weekly Trendline. Expecting another move down.. this is a 1450pip trade do not miss this one!
Looking for a move up the the downtrend line above
sell on the break at 4h -- hitting a daily TL with momentum waning for a nice drop!
Nice Bull flag on 4h. at a yearly pivot support.. buy is only triggered at break of this flag. target is up at .270 for 290 pips or so. be careful at the current top for resistance - may take partial profit here and definitely at break even on your stop loss. Happy Trading! ..and lets see if it happens!