Read the Notes on the Chart this is a Text Book Descending Triangle. The previous trend was Bearish so I have a bearish bias.
Looking to start the week right, look to scalp the USDJPY market has rejected the 108.00 pivot area place stop above the 108.00 at 108.15-108.20 swing high on 2hr target 107.35 to 107.15 to 106.50 as level of take profit. If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping...
Let me start by saying this the USD is proving to be weak going into the this weekend and I think it will struggle without a catalyst driving it. So from looking at this purely from a Stochastic and pivot point mindset the daily is in the BIY zone the 2hr is in the BUY zone right now and it has broken a CTL. Here are your 2 options. Scalp the market to 1.1300...
Bears has flex their muscle and with AUD weakness there is some room to the downside before hitting month support at .6800 looking for CTL breeak on 2hr chart and stop will be made above the .6900 pivot area. If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at...
If you were not able to spot this trade out before it happened don't panic...Market has broken an CTL and it is moving down to .6500 which an area that the BULLS will look to push the price up. The BULLS were able to break the the initial ABCD swing on the 2hr however, there is a 2hr sub D ext at .6320 that you would need to keep and eye on. Long term I think CHF...
On 7/1 the NZDUSD gave a Market SELL based off of the rejection of the .6720 area and confirmed a 1.27 C Ext down to the .6420. If you are in great, however if you are not look for a 2hr high price in the SELL zone to place a entry with the Stop above the fractal high on the on the 2hr. PLAN YOUR TRADE, TRADE YOUR PLAN If you agree PUNCH the LIKE button and...
AUDCAD is testing the .9200 area and has rejected it to this point this morning on the 2hr chart there is consolidation around the .9200 - .9160 area if it hold below area I would look to SELL down to the projected Fibonacci D at .8950, Stop should be places above the .9200 area around .9260. Be aware that the .91150 is a monthly pivot area and it has rejected...
Previously, there was a triangle that has been formed and broken to the downside. It has not fulfilled the projection of where it will go around the .6420 area. Since then the NZDUSD BULLS has testing and failed the .6720 area and has broken a counter trend line, there is a MARKET SELL chance right now if you are viewing this STOP should be place above the sub...
The EURJPY BEARS has been pushing the price down for awhile now and it has maintained itself below the outer TL. Last week the BULLS made a push to bring the price up to the 123.50 level only to be rejected again, The ADX has not reached a exhausted level giving a little more room to the downside and the Stoch RSI is in the SELL zone and has giving a entry at...
The EURAUD is in the push zone of the Fibonacci zone (from C to D) and has broken a resistance zone at 1.6350 twice. Even though the Stoch is moving from the SELL zone I don't believe that the AUD BEARS are strong enough to push the price down below that level and test the trend line again at some point without some type of catalyst. Therefore I would look to BUY...
The AUDJPY is showing a potential rejection of the 76.00 level which is a daily pivot area. With the stoch in the SELL zone and I am looking for a counter trend line break around this level. If the market keeps climbing and uses the 76.00 around as support look to BUY up to the 77.50 area and sell down to the 72.50 pt 1 area down to the 67.50 area pt 2. Stop...
AUDUSD is rejecting the .7020 area which is a daily pivot zone and it has to the makings of a CTL break in the SELL zone. At the close of the candlestick if it remains below the CTL I will look to SELL down to the .6820 area to the Fibonacci D ext that was not completed last month. Stop should be place above the .7020 pivot area giving this a good risk to reward...
Notes on chart
Notes on chart there is a ACTIVE SELL position you can get into today