forexopl

forexopl

Based on the daily close, I am looking to go long. Reasons stated on chart. Entry: 1.2.740 (+/- based on close) SL:1.2621 TP1: 1.3070 (1:3 / R:R) TP:2: 1.3360 (1:5 / R:R)

forexopl

I am looking to short NZD/USD as it has come up to weekly resistance level, and has created a hanging man candlestick formation on the 4 hour. Entering at .6810 Stops at .6850 (40 pips) TP at: .6650(+180)

forexopl

Looking to short USD/CAD as explained on chart. Use in conjunction with your strategy and knowledge of the markets.

forexopl

N/U is looking good to go short to test the .7200 handle which is: A) Key Prior Support B) Fib Extension 1.272 3) Round Number These confluences along with price action, lead me to my short bias.

forexopl

See chart for explanation.

forexopl

I have a short bias on the GBP due to the continued QE and economic outlook. Price has made a pullback into a nice fib and structure zone. On the daily it is forming a bearish engulfing, and on the lower TF it has broken out of its channel. See chart for how I plan on entering this trade. Great R:R, 3:1.

forexopl

Explanation is in chart.

forexopl

AUDCAD has been showing signs of reversing the mid/long term trend. Reasons why I am looking to enter long on this pair are: 1) Key Moving Avg crossover on Daily TF 2) Prior high has been taken out; New Higher Low/High 3) Double bottom on daily, at prime Fib levels I will wait for price to break and close above the CTL. Feel free to let me know if you have any...

forexopl

AUDCAD has been showing signs of reversing the mid/long term trend. Reasons why I am looking to enter long on this pair are: 1) Key Moving Avg crossover on Daily TF 2) Prior high has been taken out; New Higher Low/High 3) Double bottom on daily, at prime Fib levels I will wait for price to break and close above the CTL. Feel free to let me know if you have any...

forexopl

The AUDCHF Weekly/Monthly TF both have been short; zooming down to the daily, there is a setup to play the downside with great confluences on both entry/exit. Daily TF: Point C would be the ideal entry, as it lines up with strong support/resistance, 61.8 and TL. Daily TF: Point D would be exit, 1.27 of Daily A/B extension. I believe this pair will start of 2015...

forexopl

The USDCAD recently made a higher high, which per market ebbs and flows, needs to make a new higher low. Ideally, i would like to see the USDCAD retrace to approximately 1.4000, which is where the 61.8 fib of A/B lies, as well as ascending channel, strong support/resistance and even handle. From there, look for a Counter Trend Line (CTL) break to enter long on 4...

forexopl

Here is the breakdown of the daily time frame for EURCAD which coincides well with my weekly outlook (). This pair has been making lower highs, and lower lows since April 2014. Recently, the pair has broken out of its channel, made a new higher high (taking out the most recent lower high), which signals trend reversal. In addition, it has been making lower lows....

forexopl

Before I begin my analysis, let me emphasis this is a long term play. I am seeing some good confluence setup on EUR/CAD weekly chart. The EUR has been bullish since summer of 2013, against the CAD. Recently, it has made a retracement of 50% of its move (C). At C, we are seeing consolidation, which means Smart Money is loading up at these prices before it moves...

forexopl

GBP +4; JPY 0 Wait for price to pull back to red zone, to enter long. Drop down to 4 hr to ensure there are signs of entering (i.e. Wicks, divergence, 2nd leg and/or test). TP at approx 186.15

forexopl

See chart description.

forexopl

See chart description.

forexopl

See chart description.

forexopl

See chart description.