glennmercer

glennmercer Updated 

This could be the top of the short term rally. I'm keeping a close stop and looking for a big target. Keep an eye on 1-5m timeframes. Cheers.

glennmercer

Here are a couple of trades I'm looking at on USDCAD. If it drops to long entry, I want to see it gain positive momentum on the lower (1m, 5m) time frames. If it does, both trades are applicable. I like the energy this pair has today, could through it over ranges and call for a reprice on both sides. Cheers

glennmercer

I like a short here on GBPCHF. Lots of bearish confluence. Reversals on both currencies (positive for Franc, negative for Pound). Here's my current wave count on the 1m timeframe: Would love to see new highs into the sell zone and a bearish impulse before shorting. Cheers

glennmercer Updated 

This pair is in a clear downtrend. I like the basing price action at support, usually a sign for strong breakout potential. Previous lows have been broken which could open the flood gates through Friday. I'll be selling at the break with SL above 20 SMA and following price action down after 1:1. Looking for 2:1 or higher. Cheers!

glennmercer Updated 

I'm expecting some major resistance at the .68 level: Major S/R Lines Gartley Pattern Complete Even number Prior downtrend (bearish bias on higher TF) Shorting via limit order. Cheers!

glennmercer Updated 

The pound is in a multi-week downtrend. Here's a setup that takes advantage of SMA resistance that may help add to the bearish momentum. Back side retest will provide some resistance at entry which may trigger continuation. Cheers

glennmercer Updated 

Hey traders, quick look at USDCAD - Lot's of resistance here and no reason to assume a breakout on this pair, fading to mean. Active. Cheers.

glennmercer Updated 

Hey Traders, RBNZ announced a rate cut which sent the kiwi lower. There was a rebound to the breakout line, indicating a good level to potentially play some risk against the resistance. Cheers

glennmercer Updated 

Hey all, looking to short this pair. I like the way it's setting up after a short term rally on the 15m chart. Cheers

glennmercer Updated 

Test

glennmercer

Looks like we could see a turnaround here on the Canadian dollar toward the downside. The franc still looks strong, so this pair has potential this week. I like the R/R enough to trade it.

glennmercer

NZD is weak and weakening and the CAD is strong and strengthening. The pair is falling in what appears to be a continued falling wedge - an elliott wave triangle. I like a short here with a relatively tight stop and a target near the opposite triangle barrier. Cheers

glennmercer Updated 

I like the Franc against the weakening JPY. This is more of a swing trade that could carry over the weekend. We'll use price action to guide trade management. Cheers

glennmercer

NZD has shown continued weakness since the RBNZ released its dovish statement last week. I'm speculating a Franc reversal to the upside to send the pair down further. Should be about a 2-3 day timeframe on this trade, but price action will be the ultimate deciding factor. Active immediately, cheers.

glennmercer

I am adding to this trade as this pair continues to drop. Looks like continued upcoming weakness for the USD against strength in the CAD. Technical analysis looks good to support the prediction. Targets align in the PRZ of Gartley and Butterfly patterns. Trading from the 4H chart. Cheers

glennmercer Updated 

This is a pair that could rise throughout the week through Wednesday's NY session. NZD has shown tremendous weakness over the last few trading sessions and EUR is nearing a breakout point. I like the R/R with a relatively tight stop, keeping an eye on the 15m timeframe for an exit strategy if the pair does not reach 1:1 within 4 bars. Cheers

glennmercer Updated 

AUD is weak on RBA dovishness less than 24 hours ago and I expect it to continue throughout the NY session. I like the strength of the Euro after US equity markets opened. This will be a short-term intraday trade with a moderate/low R/R. Some choose to ignore a R/R lower than 2. I like to risk lower capital for high percentage low R/R trades. Trade your plan. Cheers.

glennmercer Updated 

I expect CAD strength to continue throughout this week. Dollar is starting the week out on the weak side, so this is a good pair to trade. Nice R/R if Gartley completes. 21P SL after limit triggered. Cheers