glennmercer

glennmercer

Potential top here as we can see a clear bearish move out of the triangle. I have short bias but I'd like to see price rally toward the MA cross before capitalizing on this one.

glennmercer

The pair has broken downward outside of the bullish channel to nod toward a potential change in trend to the downside. I like a short at the confluence between MA crosses and retest of the lower bound of the channel.

glennmercer Updated 

Gartley PRZ is confluent with the PRZ of a cypher at an important support level. Watch for price action for a long position with a solid R/R. It is important to watch for bullishness on a lower TF since this is a volatile time in the markets and trend is bearish on the lower TF.

glennmercer Updated 

Hey traders, nice confluence of resistance here toward long term bearsh targets. Weekly pivot precisely confluenct with Cypher completion. This makes for a nice bearish target.

glennmercer Updated 

Hey traders, looks like we have a solid bearish impulse here near the end of the week. I like a short toward weekly pivot. Cheers

glennmercer Updated 

I like weak Euro and strong Aussie after the NFP release this morning. I'd like to buy it after a short rally and follow it through to the bat PRZ.

glennmercer Updated 

We have an opportunity to buy this pair at a bargain price. Lots of confluence in MA's and trendline support. Target pattern completion. Cheers

glennmercer Updated 

EURCAD has picked up bearish momentum and may be forming a bearish channel... Containment will give us a nice R/R.

glennmercer Updated 

After the invalidation level was breached by a strong bullish move, we have seen a retrace. I like the R/R moving up to a gartley on the higher TF. I will take the second half position bullish and move to breakeven at 1:1. Cheers

glennmercer Updated 

Hey traders, this gartley pattern completing near the invalidation level of a bearish impulse. This is confluent with many MA clusters on many timeframes. The R/R is high and the win likelihood is low compared to a wider stop, so trade size needs to be diminished in order to take a trade like this. However, there are many factors confluent with bearishness at...

glennmercer Updated 

Hey traders, hope everyone is having a great start to this action-packed trading week. GBPCAD is on a tear upward with little resistance above. Hard to fight this one. A Gartley on the lower TF may introduce a buy limit opportunity to start or add to long positions on the lower TF. Targets are higher, around 1.84. Fundamentally, CAD has been week and NAFTA...

glennmercer Updated 

Hey traders, the R/R is nice on this potential setup. Prophecy is completing on the lower timeframe.

glennmercer Updated 

Lots of confluence lining up here after the strong Aussie overpowered weak data. Keep an eye out for the 10:30pm EST rate statement. Cheers

glennmercer Updated 

Hey traders, I like a short here at the completed smaller Gartley pattern. There is confluence on the higher timeframe and the data was not as weak as the market would suggest. Looks more like a brief rally that will be followed by continued weakness. Cheers

glennmercer Updated 

Cable is bouncing around some important MA's on multiple time frames. I like the resistance above current levels so a short is appealing based on R/R. TP at bat completion. Cheers

glennmercer Updated 

Hey traders, I'd like to be long NZD and short EUR by 3:00 EST. I'm taking a short position here and aiming for the confluence between two harmonic patterns. Cheers

glennmercer Updated 

I like AUDJPY long as we look to further weakness in the yen and strength in the Aussie. Bat action magnet move may bring the pair further higher. Eyeing the target line for TP if the trade follows through.

glennmercer Updated 

Short term resistance has been broken and the pair could potentially rally to the missed pivots above. A reverse head and shoulders pattern has also presented itself indicating potential bullishness.