NZDCAD ShortIt's been in a ranging pattern for a couple of days now, the most recent 12 Hour bar shows a shooting star indicating a likely bearish trend is starting.
Good trading all!
Sr
AUDCAD Bearflag -> Short10 hour chart shows clear buying rejection from the last couple of days. Furthermore, a bear-flag formed which is a typical sell pattern.
Let's see how far it can go before the Brexit.
Good trading everyone!
USDCAD Shooting star -> ShortMassive rejection candle on the 12 hour.
IF selling continues with a lower low, enter for about a 1:5 RR
NZDUSD Sell Second leg downFirst leg was till 0.382 Fib, second leg down to 0.5 Fib level. 12 hour candles show high probability selling will continue.
Enter as shown on the chart for a good 1:4.8 RR.
Watch for the CPI news later today!
Good trading all :)
Corrective wave on EURUSD short the breakout EURUSD has been falling hard recently, if there is a trendline bounce along with the plotted SR touch a breakout could occur for the corrective wave channel. Look for a retest of the breakout and short.
USDCHF Buy next weekThe pitchfork shows a bull bull bias, last week's 12 hour candles show a push up towards the next SR zone. Let's see if early next week, Monday and Tuesday, this bull trend continues.
If it does, enter for a long trade towards the 0.5 Fib retracement level (not shown on chart, but that TP is the 0.5 fib)
Good trading next week everyone!
EURAUD Short on lower lowA lower low could signal a break of the consolidation area. The 12 hour candle at this moment clearly shows continued bearish movement. Enter on lower low for a good RR of about 1:4
Good trading all this week!
CADCHF ShortPossibility the upward channel gets broken, if price makes another low and breaks 0.382 fib, enter as shown and TP around the 0.5 Fib level.
Good trading this week everyone!
NZDUSD Short retracement to 0.5 FibI think long term this pair will still go up, but short term it looks to retrace to 50% fib level and bounce up from there. If last week is any indication the selling might continue next week. Tuesday will definitely tell which direction this pair will go.
If it break support, go short till the 0.5 fib level for a 1:4 RR possible return.
Good weekend and good trading!
USDCAD BuyLast 12 hour close of the week clearly shows selling rejection, this means a good probability the buying will continue next week. Monday price is likely moving counter trend, enter as shown on the chart for a good 1:4.6 RR
Good weekend all and good trading next week!
AUDCAD ShortSelling pressure has been building for this whole week now, looks to continue passed the SR zone towards 0.936 price zone.
Enter when lower low with a tight stop for a good 1:5 RR
Good trading and beware of news later today for this pair
CADJPY Buy till medianQuite some selling suppressed at this major SR zone around price level 84.5. The direction seems therefore to be bullish. A good TP area is around the (red line) median. This trade setup is good for about 1:7 RR
Good trading everyone!
USDCHF SellUSDCHF slowly moving upwards but there's not enough momentum to push it further, reversal looks possible towards the median line.
There's a good Risk Reward entering at the top of the pitchfork range for almost a 1:8
Good trading all!
AUDCAD Buy second impulse upPrice action signals a further move up and an end to the downwards movement, after consolidation price can move to major SR around 0.96. Enter as shown for a good 1:5.4 RR
Good trading all :)
USDJPY ShortThe 4 Hour shows a shooting star candle and the 8 hour also looks very convincing this will be a short term sell off.
I enter the trade based on a pitchfork drawn on the 5 minute chart to set my risk reward to a pretty good 1:3.4
Good trading all this week!
EURGBP Ready for reversal? LongEURGBP made quite a move down last month and this month. It's now on the edge of the pitchfork channel, 12 hour candles show possible signs of reversal.
Get in with a tight SL and ride the first moves up for good RR.
Good luck trading!
USDCAD BuyPrice looks to bounce off major Support zone and eventually move back into the pitchfork channel. Short term movement also indicate upwards momentum. Likely meaning the USD fundamental data is good. At around 7:30pm (GMT+7) when news hits, this should boost this pair up a bit.
Be careful for the possible volatile swings though (always unpredictable!)
Good trading everyone!
GBPUSD Reversal ShortMassive sell off move just occurred, the 12 hour candle will close with quite a long wick that would indicate further down movement. It's likely to go towards the median. Enter with a tight stop for a good RR of 1:8. Protect potential losses if it does decide to swing up again at intermediate SR zones.
Good trading!
AUDUSD Reversal Buy12 hour candles all look in the green ready to move up further. Make sure to protect entry point if it does decide to make a big swing.
Comments or idea's, let me know!
Good trading!
USDCAD Long if price breaks strong SRPrice has to break through tough resistance, third bounce is likely to break through. There are two strong buying rejection candles shown on the 12 hour. Confirmation of this SR break if price makes that higher high past the SR zone. Go long for a 1:2.2 RR trade.
Good trading all!
GBPCHF ShortThere's a good amount of room to the left and price is moving around a major SR zone. If we get a lower low, open a short trade that's good for 1:2.5 RR
NZDUSD ShortThe 12 hour bar is painting a nice buying rejection pinbar at the moment, if price makes that lower low. Enter for a short with a possible RR of 1:3.7. Beware of the intermediate SR zones where price could potentially turn.
Comments or idea's, let me know.
Good trading!
