Antonio_trader

Antonio_trader

Possible short as the pair broke the daily trend line and now shows signs of reversing, potentially to retest the broken trend line. A break through the uptrend line on 1 hour and 1. 608 support can be used as entry. Potential support at 1.605 and 1.6. Happy trading!

Antonio_trader

Nice shooting star candle formed, rejection right on 61.8%. A long above the high. And a short trade through 1.518 support.

Antonio_trader

Broke the trend line and now retested it and support turned resistance. Putting a trade now offers great RRR. Tart with small amount and add if the tree takes off.

Antonio_trader

Now price is forming a symmetrical triangle, getting early on a 5 min chart as well with price now at 38.2%.If oil continues to sell, we should see further weakness in CAD, eyes on Brexit news as well. Technically this looks good.

Antonio_trader

Oil still pushing lower towards the neckline. Last week we broke the channel and now made a retest. Price found support in 200 SMA on a daily. Waiting for the break lower, I still believe we shall see WTI at 60 at least before the price shoots to new highs.

Antonio_trader

The pair is approaching a good level at the 200 SMA and both trend lines converging on the same spot after a small H&S pattern. An impulsive break lower could take us to the 38.2% retracement.

Antonio_trader

Now that wave 4 is finished, a pending long order above the most recent high and 200 SMA is a good opportunity for a long term trade, catching wave 5, ultimately going to 1.38 I think. Both US and Canada data coming out. Good way to see if technicals and fundamentals align. Also if oil finally sell off it will further weaken CAD and give this price pair the...

Antonio_trader Updated 

EURJPY approaching 38.2%. The level was well respected previously, so a break lower provides a high probability trade.

Antonio_trader Updated 

Yesterday's FED statement was within expectations, today we see eurusd pushing lower. Now at the low of the triangle again and support level. A break lower provides a short opportunity. Today's BoE hike might surprise us, though expectations are still in favour of hiking. Carney's speech, if more dovish should stregnthen the dollar further and push both gbpusd and...

Antonio_trader

Gold formed a symmetrical triangle. A break on either side, preferably down since it is a continuation pattern should be coming soon, after several touches on the triangle already. If a break happens on the upside, it should go above 1220 at least to be confirmed, could be a false break out.

Antonio_trader Updated 

While the dollar index continues to be in an ascending triangle since June, it formed 4 touches on the trend line and 4 touches on the upside. Currently within the triangle we might be seeing the left shoulder already forming. If the full H&S pattern forms, the neckline is right on the 95 level, also a 38.2% retracement. MPO should take us back to the trend line....

Antonio_trader Updated 

After selling from the high of the channel, price now tested the support level to attempt a break lower. A pending order can be placed below the low, safest stop above the 50% retracement where price retraced before continuation. RRR is 1.11, unless your stop is more aggressive. Alternatively, a long is possible with a much tighter stop to attempt a trade back to...

Antonio_trader

The index forming a H&S, could break lower, especially if we have a dovish BoE hike after yesterday's FED decision. Kepp an eye on it. Happy Trading!

Antonio_trader Updated 

RSI divergence, break below the neckline could trigger double top

Antonio_trader Updated 

Here could go short with a good RRR on the break of support or long if bounce back above the previous support turned resistance. Happy Trading!

Antonio_trader

So a break happened of what seemed like a reverse H&S and channel. Now hit a resistance zone and started to pullback. Additional entry if you are not long already is on the break of 111.6. Stop below the swing we are forming now.

Antonio_trader Updated 

In terms of long term trend, USDCAD appears bullish at the moment and in the 4th wave, which could still go lower before we see the move to the upside. Wave 1 retraced to a perfect 78.6% level at wave 2, then turned into an extended wave 3 (with a 5-3-5 formation). If price action retraces in the wave 1 territory below the 38.2% fib at 1.2949, then the wave count...

Antonio_trader

Overall the pair is still in the symmetrical triangle that started in June 2015. The abcde formation of the triangle is respectful of the Fibonacci retracements and should make another touch on the e before a break out. And the chart shows a massive resistance at the 61.8% level of the bc, where it also bounced of the 200 SMA and formed a nice shooting start. Last...