Few things going for this setup that I like
1) 1D reversal pattern
2) #1 is on the 50% fib
3) Custon indi showing buy signal
4) bouncing off cloud (still figuring this out though)
5) small area of support from previous HL
6) small trend line being played off
Looking to continue shorting UJ as I did all last week. The Yen continues to show strength.
As we approach the neck line of a H&S will either try and catch the bounce retracement, or the breakout.
PLEASE DO YOUR OWN DUE DILIGENCE BEFORE ENTERING THE MARKET
Another pair that looking to short the USD and continue long, Just broke out of key price area at 1.3505.
Waiting for retracement to get in :)
This is just my analysis please do your own before entering!
Looking for a retracement on NU to the blue box, we've broken through some key resistance coming into the new year (at 0.7097) So will continue to look for longs.
USD is still week as well, so watching most pairs shorting the USD
This is a bullish crab setup on the 4H chart, a decent size pattern with a 2:1 risk ratio so it's worth getting in.
This is a strong point of resistance for this pair I believe, but the usd is showing weakness in a few pairs + XAU/USD so I will be trading this one.
WARNING: because my account is relatively small I am using 5% risk on my trades until I get a...
My expectations for USDCAD post French Election is a nice short. There is a nice 4H setup for a Bearish Crab. Setup found via harmonics, entry based on multiple trend indicators.
TP is based on Fibonacci retracement as always (this is the 61.8%) if you want a quicker out look to get out at the 38.2% @ 1.3333