The down movement has been gathering steam for a few sessions, from technical view the Doji at support along with a possible bullish rejection candle coupled with rising oil prices from the fundamental side provide a thesis for the short. Enter short at 1.5662 sl 1.5690 TP 1 1.5575, TP 2 1.55
We have strong rejection on the daily at 1.6818 as the big picture and we have a nice hammer on the 4h. Enter now to target the recent lows at
1,6618. Short Entry 1.6777, Stop Loss 1.6818, Take Profit 1.6618 risk to reward 1-3. Good luck and never risk more then 3% per trade.
On Oct 9 the USDCAD put in a high of 1.3350 that has not been breached. Moving forward to the last 2 weeks I see several weak attempts to take out 1.3350. I suspect the 1.3350 is peak formation high, and this area is being defended by Big Players, hence lower highs, I am short at the 1.3302 with a stop loss at 1.3337 and several take profits at 1.3203, 1.3130 and...
I am short at 1.0985 Stop at 1.1027 TP 1.0907 the 4h pin bar lends confirmation. Make no mistake, the downtrend is alive and well, there is no reason to be long the Euro with the exception of a relief rally. To be sure, this move down is a slog and grind, the mid-week reversal should get us there. Meanwhile collect the roll.
I like the pound for short at current price, we have the fib, 0.89 level and a few candles indicating longs are struggling. I am short at 0.8889
Stop Loss at 0.8910, Take Profit at 0.8850 1st and 0.8807 final. I am keeping a tight leash on this trade a close above 0.89 would negate the short.
A clear rejection from the 50 on the daily, a break below the fib brings 1.20 into sight. I like the short here with a stop just above the 50. This is a strong trend and unless a BREXIT deal comes to pass, I'll continue to look for good entries to short. I am short at 1.2307, SL 1.235t TP 1.21ish.
AudNzd has been in an uptrend since 1 August, I see no reason why that will change in the near future. In a race to bottom, the Kiwi will get there first. I like the long here at 1.0750 or lower if you can get it, stop loss 1.0695 take profit at 1.0835.
Rejection from a significant level on the monthly, weekly, daily, and hourly the euro has been rejected from 1.64 on multiple occasions. Look for a slight pull back on Sunday's opening to enter short. Your stop should be placed above the market maker obvious level @ 1.6425, short term target 1.6244 longer term 1.60 ish. I believe this trade can offer a excellent...
Short at 0.9162 sl 20 pips tp 0.0950. We have a 4 h doji, rsi above 80 and beginning to turn lower. Those who less adventurous may want to wait for the next candle to close below the previous prior to entering the short. This is a simple and uncomplicated trade and can yield a very good rr.
The loonie continues to show strength and today's rejection of resistance at 1.3170 is a good entry for a sustained short. Enter on a pull back, with a stop just above today's high target 1.3018. An excellent risk to reward. My position SE 1.3141, sl 1.3170 TP 1.3018. Good luck
Price has rejected the 22 handle on the hourly, push below 200 on the 1h and is now closing below yesterday's high and Asian range. Sell at 22 if you get the pullback, SL just above at 15, TP yesterday's low or bottom of ATR.
The pair is in day 1 of a cycle of a typical 3 day pattern, look for a pull back to prior day's high 121. 87 area, then a signal to get long until 123.20 area. As highlighted on the chart this usually happens @ 0300-0400 hour. If we get a good signal, I believe you get a small stop of under 20 pips for a 100 pip return. Please bear in mind this is all contingent...
Whenever looking a pair I ask myself a series of question to determine the auction of the day.
1. Where is the pair trying to go?
2. Is it doing a good job of getting there?
3. How is the accumulation going?
4. Where is the manipulation?
5. What is the projection of the profit release?
I see this pair trying to push higher
It is not falling back