USDCAD Short Trade still in-progress +277 pips.
After bouncing around the 50% retracement area now approaching 78.6% at 1.3128.
There is Bullish divergence showing in the TrendCycle indicating a possible trend end is near.
Trailing Stop is currently at 1.3272.
For USDCHF Short trades, Trailing Stop Loss is around 1.0122.
Potential TARGET prices are 0.9875, 50% Fib Retracement, and 0.9688, 78.6% Fib Retracement.
Recommend EXIT Trade on CLOSE above Trailing Stop Loss.
For USDCAD Short Trades from 1.3473, Trailing Stop is now around 1.3307 (+166 pips)
The 50% Fib Retracement PROFIT level has already been reached. Next level is the 78.6% Fib Retracement at around 1.3128.
There is Divergence showing up in the TrendCycle... this maybe setting up for a bounce back up.
For NZDUSD LONG Trades from 0.7142, Trailing Stop loss is at 0.7107.
Potential TARGET prices are 0.7187, 50% Fib Retracement, and 0.7310 78.6% Fib Retracement.
EXIT Trade on CLOSE below Trailing Stop Loss price.
4 Hour Chart Technicals for LONG EURUSD trade from 1.0727.
Trailing Stop is around 1.0633.
Potential TARGET prices are 1.0913, 50% Fib retracement, and 1.1133, 78.6% Fib retracement.
EXIT on a CLOSE below Trailing Stop.
AUDUSD LONG Positions in progress from 0.7426.
Trailing Stop is at 0.7424.
Look for a TARGET price around .7678 which is the confluence of a 78.6% Fib retracement AND a 1.618% Fib Extension.
EXIT on a CLOSE below the current Trailing Stop Price.
Bearish pressure showing up in the technicals (divergence, TrendCycle) for CL on the 4 hour chart. Caution on additional LONGs until a close above 51.60.
Trailing STOP LOSS for LONGS entered back at the 45.50 level is currently at 49.83.
A pullback could go to 50% retracement level at 48.26, or 78.6% retracement ...