glennmercer

glennmercer

EURUSD rallied last week, but not without its share of dropoffs and retraces. If new highs are taken out, I want to be bullish. Until then, I'm expecting bearishness on the lower timeframes and a lot of sideways choppiness.

glennmercer

Details on chart

glennmercer Updated 

Hey traders, looking for price action near the potential retest of this bearish breakout line. Also, we have a potential Gartley completion at the same level. This confluence could mean heavy resistance and a reversal toward completion of the larger TF triangle.

glennmercer Updated 

Hey traders, we have another head and shoulders CAD long play here on the EURCAD cross. I'm in if we break lows with SL above recent highs, target at 2:1 and MTBE at 1:1. Cheers

glennmercer Updated 

Hey traders, here's a breakout pattern on dollar swiss cross. Short is active with 1:1 B/E level and target at .786 fib.

glennmercer Updated 

Hey traders, looking to short this breakout should one occur. I have a sell stop set below lows with 1:1 B/E level and target at 1.272 extension. Cheers

glennmercer Updated 

Hey traders, we have a big potential reversal pattern here on GBPCAD. H&S has completed on the 1H with many missed pivots below. Channel breakout will provide resistance against SL. Trade only active at limit and move to B/E target is 1:1. Cheers

glennmercer Updated 

Hey traders, looking for a bullish breakout to continue the bullish impulse on this pair. MA cluster may provide additional support. SL @ 1:1 with target at 1.272 extension. Cheers

glennmercer Updated 

Hey traders, this pair has broken some short term support. This is a potential scenario if the pair does in fact continue to show weakness, which means this is a sell stop order and is not active unless price reaches entry before invalidating the trade. Big R/R if successful. Cheers

glennmercer Updated 

Hey traders, USDCAD flipped the scrip on us and is continuing its bullish momentum. I like the R/R and the support under entry. B/E at 1:1 with a target at the 1.272 extension at a R/R of 2:1. Cheers

glennmercer Updated 

Hello traders, looks like USDCAD may break out of its rising wedge. As expected we are seeing some volatility surrounding the FOMC minutes but the pair seems to be consolidating below the breakout line. Breakeven at 1:1 with a nice R/R for final target. Cheers

glennmercer Updated 

Hey traders, I really like a short here. All of these missed and unhit pivots are magnets for price. In addition to that, we have an unfilled gap down below. SL and Targets on chart with breakeven level at 1:1. Cheers

glennmercer Updated 

Hey traders, here's a NZDJPY cross trade. I like the price action off of the short term moving averages. Lots of support between entry and SL. Targets are big, with a nice R/R. B/E @ 1:1. Cheers

glennmercer Updated 

Hey traders, we have an impulsive breakout toward channel continuation. B/E @ 1:1. Target at 1.618 Fib. Cheers

glennmercer Updated 

Hey traders, clear resistance forming here at the 122 level. I am long above 122.14 and targetting the 1.272 extension. Drop below 121.275 will invalidate this setup for me. Cheers

glennmercer Updated 

Hey traders, I like a long here above resistance. There is likely a density in demand here for both a short squeeze play and a long entry. Breakeven at 1:1. Cheers

glennmercer Updated 

Hey traders, here's one to keep your eye on throughout the London and New York sessions. Buy stops set above recent highs targetting 1.272 extension... Nice R/R. Cheers

glennmercer

Can we keep the pound contained within its bearish channel? If so, expect some powerful bearishness. Only bullish above recent highs.