A herd of bulls will have to come to overtake white, yellow and dotted blue. I expect a lot of fresh T-bones in 125.00 area. Let's see how it will turn out and set up a trade then. Daily perspective: Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Just on radar, trade setup will depend how it will behave. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Let's try to catch this one. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
This red 111.60 - 111.80 area seems promising for shorting this pair down to 111.20 - 111.00 or even to AC trendline around 110.70. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Let's see how it will open, but has a potential to go south. First who targets previous lows, third target descending triangle projection. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
If it will close below 143.7x with a nice red candle, I'll be willing to wait for it to come to lower rectangle border again for short with stop loss of daily ATR + some more pips. I will risk a little and won't put stop loss right away, since it may spike. First target previous lows, final target double top projection. In other scenario, if 143.7x will hold ......
I like this one from technical point of view, but have some doubts, because tomorrow CPI and other news will be out for CAD. Let's see how it will go. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
If I would be in command, I would tell it to do something like this. Is on radar for next week. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I'll split this one into three entries. Stop loss will be lowered, if not all will get filled in. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
If it will make similar move as on Thursday, we could see a bounce down and up in few hours. In this case I'll open short with tight stop loss and aiming for previous lows. If it won't bounce up, I'll seek for kiss of death and enter at retest of rectangle lower border with stop loss few pips above rectangle higher border. But that's not all, folks :) On daily we...
Let it open on Monday and then review this one. There are no significant AUD and CAD news next week, so should be on safe side regarding spikes. Plan is to catch another little spike to upside with stop loss 5 pips above previous wicks. Final target at previous lows with mid target marked. Disclaimer: this idea is solely for my own purposes, to satisfy the ego,...
In this case I don't expect partisan way of trade. You know - run in, shoot to kill, run to the forrest (which translates to sell/buy THE top/bottom, hit the final target in matter of hours, close the trade). Especially because the next week is full of USD news (see forexfactory) and things will get rocky. It may be that I'll enter the trade too early with too...
On 4H we can see something that could become Cypher. So for now I just put this one on radar. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Going up in channel, plotting potential bear Cypher, 1.93 level corresponds also with multiple support/resistance levels in the past. So put on radar, we'll see how it will behave. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Trailing stop from previous bear Gartley is still running (linked idea). If it will play well, it could plot bullish Cypher with point D somewhere in this green rectangle area. Let's wait and set up trade idea when (if) it will reach that area. Next week there will be news for both USD and NZD, so probably things will be shady until it settles down. Disclaimer:...
I'll be looking at 74.60 or 75.10 for possible rejection. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
In green is area of interest for short, dashed white lines possible targets. Trade setup will be done on lower timeframes. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)