Carterkylecapital
CADCHF Consolidation Zone Options On the CADCHF is testing the consolidation support of .7380 with the ADX over 20 and the Stoch leaving the SELL zone and Oil in the SELL zone on the daily and 2hr respectively there is more of a probability that the bearish run is xoming. However for myelf I would have to see the BEARS reject the .7380. The target level I would be looking at is the .7250 area to the .7150 area.
If the BULLS are able to hold that support area it could push back up to resistance highs at around .7600
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USDCHF SETUP SWING OPTIONS The USDCHF is giving us 2 options to be able to work with over until the end of the month. With the FOMC meetings ending with bad news to the BULLS there has been a broken triangle on the daily chart. However I would not look to do anything until the BEARS are able to show that they can push the price down below the .9900 level with a closed daily candlestick. At the moment the BULLS have been able to keep the price within this range. So I would look at this as follows
Option 1: BULLS hold: wait for the Stochastic to enter the BUY zone and target the 1.0120-1.0200 area
Option 2: BEARS win: wait for a test on the 2hr with a high price in the SELL zone around .9900 and target the .9760 area as take profit 1.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
NZDCAD BUY Consolidation to .8900NZD has broken the .8700 pivot area and restested on the 2hr chart the overall trend is Bearish and the 2hr Stoch is oversold there is an opportunity to trade but I would ONLY look at BUYING once the 2hr is in the BUY Zone again up to .8900 Stop would be place right under the .8700 pivot because long term I believe this market is BEARISH.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
USDCAD SELL Swing down to 1.3000The USDCAD end up breaking the inner trend line on Thursday of last week and push down to the 1.3200 level. It tested the backside of the 1.3200 level on Friday and as of now has failed there are a few good things going for this trade the ADX on the daily is approaching 20 the Stoch is waving down to the BUY zone and the 2hr is in the SELL zone as we speak. Typically, I would look to sell down to the fibonacci extension however with Oil at a high price I think that this rally will probably be short lived but until I will look to trade to the outer trend line at 1.3000. Stop needs to be over the swing high on the 2hr chart which will make the ratio worth wild taking .
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
EURCHF SELL down to 1.1000 The have been weak since last week early week rally, the and has rejected the 1.1200 level again making Past support turn into future resistance. There was a lovely evening star formation last week and it seem to be holding. This gives you an opportunity to SELL down to 1.100 with relatively no past points pf support until that level. If you want to confirm the trade more wait until the close of the daily candle if you are conservative.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
CADJPY SELL ON CLOSE OF DAILY CANDLESTICKThe CADJPY has been waving down to and rejecting the outer trend line. This is the 3rd time that it has hit this point and rejected the test as long as the candlestick closes below the counter trend line and the outer trend line I would be more inclined to SELL the stop would be place at 82.30 (above the candlestick formation) targeting 79.20- 79.00 area as profit target 1 (which is a MONTHLY target) down to 77.00 PT2 to the daily target at 75.00 area (final target).
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
CHFJPY SHORT SWING TO 106.50-106.00 AREA CHFJPY has been rejecting the 109.50 area and has broken a CTL in the SELL zone the next support area is around the 106.50-106.00 area which was the low from the flash crash last December. Stop should be place above the pivot level but overall great risk to reward 1:5.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
NZDJPY SHORT SWING *MARKET SELL* OR WAIT FOR 2HR The NZDJPY has been in consolidation for the last few and it has broken consolidation. Yesterday the BULLS tried to Retest the 72.30 Pivot level and failed making it past support turning to future resistance. Look to SELL when the 2hr gets into the SELL zone or at market with good equity management, targeting the 69.50 level (Previous flash crashes) down to the 67.00 level. Stop should be above the Evening Star candle stick and above the 72.30 pivot level
If you agree hit the like button and don't forget to follow. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. CKC will not accept liability for any loss or damage directly or indirectly from reliance of information.
