After the impulse move to the down side price has put in a bear flag. Price broke out to the upside to retest the 382 fib retrace level. I am expecting this to be a false breakout. I entered short with the lower low lower close on the 1hr. Stop is just above the swing high. I will be looking for the completion of the AB=CD down at 1.1605 level. I will be looking...
With the DXY breaking lower. I would expect to continue to see USD weakness. How low will the DXY go? My initial guess is the 87.00 level. This is not a trading idea just my observation. However I will be watching how the USD pairs react as the DXY falls.
Waiting for 2xtop to give me a short entry. Stop is @ 127 ext of the valley Targets are the 382 & 618 retrace I will remain bearish until the 143.00 level is broken.
With a lower low lower close on Friday of last week I am bearish the USDCAD. The following are things that I am looking at and keeping an eye on as I look to get short. We do a 2 levels in the way but in the longer term I am expecting a test of the 1.1500 level. We have a 618 retrace of low to high We have a harmonic move completion We have a 1414 fib ext of the...
The DXY is @ a level that could cause some weakness for the dollar. I will be watching the DXY to see how it affects my long USDCAD trade from this morning. I have identified the 2 levels that I am watching. This is not a trade idea just an observation.
waiting for H3C to enter long @ market stop just below swing low initial target at retest of high. I will keep partial position on for a potential move higher.
GBPAUD has been in a range here as of lately. I will be looking to trade just the range. However IF price breaks lower we could potentially see a test of 1.5960's
I do not trade the daily but, Here on $GBPJPY we have a 2618 trade setup @ market. IF you have a plan & balls of steel to trade GBPJPY on the daily.
With a bearish 2618 set up on the DXY. We could some some weakness in the USD pairs. Not something I am trading however I have been working on using the DXY to find strength and weakness in the dollar and using it to find trades. I am not trading these trades just watching and tracking.
If you trade AUDCAD and you trade cypher patterns be on the look out for the bear cypher that is lurking.
I am looking at getting short at the top of the hour when the current bar closes. Price is back at structure putting in a double top with rsi divergence.
EURGBP broke above of the ascending triangle. As price has consolidate we have formed a triangle. The question is with EURGBP rally again from here or retrace. This is not a trade op just an obseration.
Price has pushed back up to previous structure giving us a 2618 completion Stop @ 130.75 Target @ 130.00 providing a little better than a 1:1 RR
With the push down from news we now have a 2618 completion. Stop below 7400 target 7550
So on Thursday the DXY tested the June 2016 lows without closing below. On Friday we failed to close lower. Looking at the rsi we are seeing some hidden divergence. We also have a busy news week with NFP on Friday. With the current level of the DXY I am on the look out of a USD rally this week. I am not saying it will happen but I am watching for it. If we get a...
I would wait before getting long the USD. With the strength in the USD today price has rallied up into 94.00. As long as 94.30 holds as resistance I would think we could see more weakness and a potential move down to 92.85.
Hey traders, I wanted to share with you a trading idea I am looking to get involved in. Here on the AUDUSD price has broken out to the upside. IF price can retest the 382 fib retrace and the structure level that is lined up @ the level. I will THEN be looking for an entry reason to get long and riding the move 200 pips to the next structure level. As always IF...