sunny

sunny

5th time this line will be tested

sunny

I'm net long so this is for 10 pips scalp so far

sunny Updated 

Retail sales might not allow this channel to form. CAD volatility is high but consolidation may be necessary before going higher.

sunny

Barely back above the black line. Next yellow line is a big hurdle. Last week it was breached but closed below. Still wanting 1.60+ in the next 2 years.

sunny

could we go to 40s soon?

sunny

the falling trend line wasn't much resistance at all but overall I am just looking at levels to buy against.

sunny

I think it can blow off 185 and take weeks to get and stay below. But this has run too far and too fast imho. Could be easy to target b/o zone at 155.55 and maybe lower lines 130 area but that would take months.

sunny

selling USD into next FOMC March 15

sunny Updated 

We should expect the major trendline from mid 2016 can be tested. It can be a target depending on your time line.

sunny Updated 

This support goes back into October 2016 and has held after being tested and briefly broken a few times. Major support still lower and a stop below 1.315 makes sense. Easy to have a target of 1.37+ with stop of < 100 pips.

sunny

Trend lines need at least 3 touch points to be reliable. Expect the unexpected!

sunny

I am taking a small long here. I expect BOC to be very dovish, possible rate cut, DXY strong are main reasons to be long this pair right now. Stops below 1.28, targets 1.37.

sunny

The down trend is broken for now and today testing support. Tomorrow's candle may turn green and provide bulls some attempt for 106+ this week.

sunny

lots of supporting MAs below but they're just squiggly lines to me

sunny

its been a tough month for bulls and bears. the wolves have made carnage and they're possibly not done. I expect the rest of the month to reverse and go down. Targeting 1850 and 1840 with a stop at 1890.

sunny

fighting an inverse head and shoulders. looks heavy enough.

sunny

Popular MAs are on the daily chart are getting muddied up in this area and I think they are turning into resistance. I am taking a guess that by April 30, the dollar can take off 250 pips from the Euro. Once the Yellen speaks dovishly, the dollar may suffer. Until then, shorting EUR/USD.

sunny

I have preference of short EUR/USD this week. When I see daily candle forming to the top early on, I sell into the strength. Get out when daily candle has made decent bottom wick. 4hr view gives a good view of BB (20) and trend lines. Targeting 1.3780, 1.3750 by early next week. If things go well, then 1.3630 for final target. There are some ABC waves to look out...