Harmonics (dashed blue lines) in conjunction with a sweet Fibonacci cluster line up at a previous significant resistance level (now should be support). Alert set on buy zone to look for opportunities to jump in. Stop loss level will be defined accordingly.
USDJPY is facing a trend resistance and forming a bearish divergence. Target = 112.22
Perfect setup for a short. Stops above the previous swing high. Upper Trend-line of the Descending Triangle Pattern has held on both the chart and MACD. This offers us a low risk opportunity to jump into a short position on the euro. Happy Trading!
Although in a healthy uptrend, USDCAD has run into resistance at ~1.3070 which happens to be a price level on the weekly chart that has previously been tested (as support in April 2004 and resistance in March 2009). Price closed below this level on Friday as a high test bar. Coupled with bearish divergence on the Stochastic and RSI indicator a price action...
We are already long on USDCAD on break above the Blue Trendline Wait for price to breakout of the Cloud Cumulus Formation for true bullish confirmation Future Stratus Cloud is bullish, and turned up to the upside Trail Stop, if entry is triggered by the Kijun-Sen Our max stop is below previous Fractal Low Profit Target #1 is the price touch of the...
It's been a rough week for the Dollar and an expected slowdown in GDP this morning will most likely keep the ball rolling in that same direction. So SELL SELL SELL! Actually who am I kidding? I have no idea what's in store, and neither do you. By now you know how I feel about fundamentals and if you’ve consistently traded the markets over any period of time then...
Looks bullish here as it is touching the top trendline of the downward sloping channel that's been in place since 9/14'......it is at this big resistance lvl. of the upper trendline of the downward channel and could b/o thru this week w/ tgt.#1=216 & then tgt.#2=220. Had a pre b/o day today w/ larger positive volume than yesterday......as always watch volume for...