This is a great time to utilize the Darvas Boxes indicator. Sell stop below bottom of box with a SL above top. Containment within the bearish channel is the basis behind entry. Breach of the top of the box will cancel trade. Cheers
Hey traders, I like the yen short throughout the remainder of the year as equities and risk-on positions rally through the holidays. The DXY is making signs of reversal in a Gartley PRZ on the 4H timeframe. I like long dollar and short yen up until the USDJPY gartley reversal zone. Cheers
Hey traders, I like a short from this level on EURJPY. On the daily TF, it looks as though we are in a correction after a major bullish impulse earlier in the week. I will be looking for longs if the pair drops to target level. Cheers
Hey traders, looking for short opportunities at this level. I like a weak GBP and a strong CAD this week as the S&P is raging and should rally through the end of the year. Cypher is complete at this level as well as confluence with the 500 day SMA and a number of trendlines. Looking for bearish impulses as confirmation. May make a video to accompany this idea. Cheers.
Hi all, I'm setting a sell stop for expected volatility as the S&P drops toward potentially its first down-week in 9 weeks. I expect the market to respond by flocking to the Franc as it has the past couple of days. Cheers.
Hey traders, not a whole lot of volatility after the FOMC minutes. I like the rejection of the dollar weakness afterwards and the price action says a nice R/R is in order short from here. Targeting larger pattern .382 retracement with SL above MA cluster. Cheers
When heavy news is pending, sometimes I like to get into a pair and set my SL to BE in order to let the news remove my risk or send it in the direction of target. Here is a great technical setup which exemplifies this strategy. If CAD GDP comes out stronger than expected, I expect this pair, which is already showing weakness, to continue to drop. Then, at...
With the bullishness in the pound and potential rate hike anticipation, I want to be long. Trading against the potential short side of the CAD on its weakness recently in addition to upcoming BOC rate statement is a good idea for my trading plan. I am long on a break of highs. Cheers
I am taking a long here in anticipation of potential CAD downside after the BOC rate statement today at 1400 GMT. The upside is riskier than the downside IMO. A move up will allow me to set SL to BE before EUR volatility on Thursday when the ECB releases meeting minutes. I am also looking at GBPCAD long as bullish momentum is strong in the pound. Cheers