NZDUSD Rising Wedge: Short on New LowsI like this pair short if new lows are made. If invalidation level is breached, I want to re-evaluate the pair. Sell stop in place unless HH made. Big targets below wedge base. Cheers
Gmercerfx
Bullish CADJPY: EW Triangle + Daily Support ConfluenceI like this pair long at this level if highs are breached. Triangle is confluent with daily support from multiple parameters. SL Below lows as shown. Cheers
Bearish AUDJPY: Retesting Top of Downward ChannelHey traders, there is a lot of resistance confluence in this are and I like the price action is behaving here. I like a short depending on market
Bearish GBPCAD: Daily TL Retest, 30m EW TriangleI like this pair short, pending price action around market open. If the pair opens lower, I'll set a limit at the gap with SL above highs as shown. Nice R/R. Cheers
EURJPY Short: Continued Downside If Lows BrokenHey traders, here is an opportunity to catch the downfall but only if lows of previous candles are broken. Invalidated if highs are breached. Cheers
GBPAUD Short: Potential Top of Triangle, Point D [EW]Now is a nice time to look for shorts with this pair. I like a short from the top of the triangle down to the missed daily pivot. Cheers
EURNZD Fade: Darvas Boxes - Channel ContainmentThis is a great time to utilize the Darvas Boxes indicator. Sell stop below bottom of box with a SL above top. Containment within the bearish channel is the basis behind entry. Breach of the top of the box will cancel trade. Cheers
CHFJPY: Potential Long @ CypherHey traders, here's a completed cypher at daily trendline support. I have conservative TP at structure high. If SL is hit before entry, trade is cancelled. Cheers
GBPJPY Long: Potential Channel BreakoutI'd like to see a retrace on this pair. Looking for a channel breakout to the long side. Cheers
USDJPY Long: Yen selloff, DXY Rally at Gartley PRZHey traders, I like the yen short throughout the remainder of the year as equities and risk-on positions rally through the holidays. The DXY is making signs of reversal in a Gartley PRZ on the 4H timeframe. I like long dollar and short yen up until the USDJPY gartley reversal zone. Cheers
EURJPY Short: Drop from MA CrossHey traders, I like a short from this level on EURJPY. On the daily TF, it looks as though we are in a correction after a major bullish impulse earlier in the week. I will be looking for longs if the pair drops to target level. Cheers
GBPCAD Short: Cypher + Triangle + 500D SMAHey traders, looking for short opportunities at this level. I like a weak GBP and a strong CAD this week as the S&P is raging and should rally through the end of the year. Cypher is complete at this level as well as confluence with the 500 day SMA and a number of trendlines. Looking for bearish impulses as confirmation. May make a video to accompany this idea. Cheers.
GBPNZD Analysis: Strong Pound vs. Weak KiwiHey traders, here's a quick synopsis of a trade I like on a trending pair moving into Friday's London session. Cheers!
GBPAUD Analysis: Elliott Wave, Relative Strength, + MA SupportHey everyone, just thought I'd share with you a potential trade idea for the Asian session traders. All is explained in the video. Great feature! Cheers
Relative Strength & Weakness: GBP, USD, JPY, NZD OutlookHey traders! Testing out the new video feature. Here is a brief summary on my relative strength and weakness indicator as well as analysis of the next 24 hours of trading. Cheers!
EURUSD Short: Continuation after FOMC DudHey traders, not a whole lot of volatility after the FOMC minutes. I like the rejection of the dollar weakness afterwards and the price action says a nice R/R is in order short from here. Targeting larger pattern .382 retracement with SL above MA cluster. Cheers
NZDCAD Short: Great R/R Ahead of CAD GDP @ 12:30GMTWhen heavy news is pending, sometimes I like to get into a pair and set my SL to BE in order to let the news remove my risk or send it in the direction of target. Here is a great technical setup which exemplifies this strategy. If CAD GDP comes out stronger than expected, I expect this pair, which is already showing weakness, to continue to drop. Then, at 19:30GMT, Poloz is scheduled to speak which may create even more volatility in the pair. For short CAD, I'm looking at GBPCAD long. Cheers
BULLISH on OIL: Expect Choppy Rallies Through 2017Last week, oil broke out of a triangle and is holding its high base on the lower time frame. Look for bullish price action to continue. I'm anticipating choppy moves as price touches confluent harmonic levels. If price is unaffected by these levels, strong bullishness is likely to continue. Updates to come.
GBPCAD Long Limit: Trade on BreakWith the bullishness in the pound and potential rate hike anticipation, I want to be long. Trading against the potential short side of the CAD on its weakness recently in addition to upcoming BOC rate statement is a good idea for my trading plan. I am long on a break of highs. Cheers
EURCAD Long Here: CAD Downside, EUR VolatilityI am taking a long here in anticipation of potential CAD downside after the BOC rate statement today at 1400 GMT. The upside is riskier than the downside IMO. A move up will allow me to set SL to BE before EUR volatility on Thursday when the ECB releases meeting minutes. I am also looking at GBPCAD long as bullish momentum is strong in the pound. Cheers
USDCHF Long: Bull Flag - Watch for Breakout!Hey all - great opportunity setting up at this bull flag setup. Keep an eye on it!
USDCAD Short: Resistance at TrendlineThis is the area where I was expecting resistance. I want to be short if the 1.2125 level is broken. Target at TL with SL above recent highs as shown.
USDJPY Long: Double BottomUSDJPY has formed a double bottom. If resistance is broken, there is a chance that price may carry significant bullish momentum toward ascending target line.
