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@pulverchris

EURAUD - Can Support Hold or Give Way for breakoutEURAUD has been sliding lower and is testing a major support level at 1.4500. If there is a close below 1.4450, after nearly 12 months of a range, that could open up movement to 1.4000. If support holds, there is a clean trendline break and movement to a recent monthly pivot around 1.5000. Either way, 300-500 pips of movement isn't a bad thing. Let's see how this plays out. Any entries will start small, and be added to on confirmation and follow through. For more information on this and other setups, visit Daytraders FX or Daytraders FX On-Demand
by ChrisPulver
EURCAD - Quit playing games with my heart (BREAKOUT)EURCAD has been directionless for months. But now it is wedged to the max and we're looking for a breakout. 4 hr or Daily Candles above or below the wedge will confirm direction. Entries will be small on initial breakout and looking to add on re-test of the wedge. 200+ pips in either direction protecting along the way. To see more charts and analysis, visit Daytraders FX . For recordings about these setups, visit Daytraders FX On-Demand
by ChrisPulver
1
GBPUSD - It CAN actually go higherGBPUSD and GBPCHF are setting up very similar inverse H&S Patterns. I am looking for a neckline break and confirmation to BUY. I will protect profits near the July Monthly Pivot at 1.3820 area and again near 1.4000 (psychological support/resistance). Just looking for a little love for the GBP basket and these are great setups. For more charts and analysis like this, visit Daytraders FX . For recordings and specific trade setups, visit Daytraders FX On-Demand
Long
by ChrisPulver
USDMXN - Who needs Dos Equis when you have a DOUBLE TOPUSDMXN is showing great signs of a double top. The 19.4000 is holding nicely and if price (as of 7/1) can get below 18.0500 and find the June monthly pivot, I'll be looking for a short-term buy to the July monthly pivot, then a clean sell to the center low towards 17.200 or lower. This is a HUGE PIP trade, it is important to know your margins and trade size. More trades like this can be found at DAYTRADERS FX with live sessions and on-demand videos.
Short
by ChrisPulver
AUDNZD - Give me something!!!My plan was to dominate the AUDNZD this year with a massive weekly H&S pattern. Well, that was spoiled slightly with the leakage lower into the 1.04 level. The pair has gone nowhere for weeks but we are now simply watching for a confirmed breakout either direction. Any SELL breakout we are looking for a re-test of parity 1.00 and anticipating a double bottom. Any BUY breakout we are looking at monthly pivots above that have yet to be hit. You can see more setups like this live and on-demand at DAYTRADERS FX
by ChrisPulver
EURNOK - Head & Shoulders (NOT THE SHAMPOO)I'm a big fan of price formations on larger time frames. The EURNOK is looking really nice for a 5,000-6,000 pip H&S. I continue to watch the price movements and will look to trade a re-test of the 9.5000-9.6000 right shoulder area (that's to test the waters and perhaps land a great entry). The real confirmation is price closing below 9.2000. You can see the symmetry and H&S projection areas. Let's get some pips. THIS TRADE AND OTHERS IS DISCUSSED AT DAYTRADERS FX and a video walkthrough can be found in the DAYTRADERS FX ON-DEMAND LIBRARY Lovely pattern, expecting some solid profits.
Short
by ChrisPulver
EURNZD - Rising Wedge and Falling AwesomenessEURNZD has made an impressive from from 1.3800 - 1.5400 but we have yet to see a correctional movement or wave pattern south. I'm liking the looks of this rising wedge and have a pending sell at 1.5055. It's a combo of the rising wedge break and H&S Pattern if a short shoulder forms this week without taking out the 1.5400 high. IF 1.5400 is taken out I'll be interested in identifying resistance levels of indecision candles with strong divergence.
Short
by ChrisPulver