ChrisPulver

ChrisPulver

According to the RBNZ, the NZD is too high and too strong. We've heard that song and dance before, but when it happens, it happens quickly. This is a trade that should reflect the movement. There is a monthly pivot 400+ pips away and it has the potential to turn into a larger trend on NZD weakness. I am also watching AUDNZD, NZDUSD, EURNZD closely for a similar...

ChrisPulver

I'm a big fan of price formations on larger time frames. The EURNOK is looking really nice for a 5,000-6,000 pip H&S. I continue to watch the price movements and will look to trade a re-test of the 9.5000-9.6000 right shoulder area (that's to test the waters and perhaps land a great entry). The real confirmation is price closing below 9.2000. You can see the...

ChrisPulver

GBPNZD looks to be making a pretty solid rising wedge. The real short may not come until 2.16 holds or something, but if I have a wedge break. I'll be aggressive protecting profits for a corrective movement. But, 2.10 was a 3 year high that has now been broken. So there could be some buying interest once again and longer-term I'm pretty interested in a weaker NZD...

ChrisPulver

This AUDCAD is a little play on "The Crow" movie quote, "it can't rain all the time" - grammatically skipping the "of" but the AUDCAD has been in this wedge for a LONG TIME. Now if we see price break below 9400, I'll be looking to sell to targets 9170, 9000, and 8600. Price just needs to give us some confirmation.

ChrisPulver

EURCAD Pattern Setup - Looks like a pretty convincing H&S Pattern. I'd love to get a head start on the move if bullishness shows its signs at 1.3500, otherwise, I'll wait for a break above 1.3800

ChrisPulver

EURNZD has made an impressive from from 1.3800 - 1.5400 but we have yet to see a correctional movement or wave pattern south. I'm liking the looks of this rising wedge and have a pending sell at 1.5055. It's a combo of the rising wedge break and H&S Pattern if a short shoulder forms this week without taking out the 1.5400 high. IF 1.5400 is taken out I'll be...

ChrisPulver

AUDUSD - despite the rate cut and arguably "dovish" tone, the AUD has been doing the opposite of what the RBA perhaps is looking for. This isn't my favorite setup due to the strange nature of the RBA vs FED but a wedge is a wedge and if we get above 8010 there's not much that stands in the way of a continued rally towards 8200.

ChrisPulver

Despite thinking the Euro squeeze could continue or the GBP can somehow drag the Euro with it, this little ditty is setting up nicely. It appears to be a classic H&S Pattern with a break below 1.1125 pushing down for a re-test of the 1.1060 resistance level. Hopefully the move pushes to its potential towards 1.09 and if so I'll be locking in profit and seeing if...

ChrisPulver

USDMXN keeps grinding to re-test the previous high in March. I'd love to see it get smacked with a double top formation and I'll look to trade it to the center low of 14.8000, let's just say 15.000 for a round number target - that's nearly 7000 pips so it has my attention.

ChrisPulver

GBPNZD has rallied and finally taken out some recent highs. If this momentum continues, I think 2.000 is a logical target for the pair.

ChrisPulver

GBPUSD Daily Wedge looks pretty legit and beautiful. I have pending orders to buy at the 50% fib and 70% zones targeting symmetry or the 200 EMA.

ChrisPulver

AUDNZD rallied to this year's pivot at 1.0750 then decided to break historic lows and test parity at 1.0021. It sure would be nice to see this one sided trainwreck come back to technical land and re-test 1.05 which was a major support level for pretty much the life of this pair. Should offer a good trade and I certainly would love to make some $$$ on this setup.

ChrisPulver

The USDOLLAR and DXY are pretty wedge-tastic at the moment. I'm seeing similar patterns on the GBPUSD and AUDUSD. If price action confirms a break and close (probably 8 hr or Daily Chart) then I'll be taking a swing at the AUDUSD to re-test 8000 and possibly CARRY TRADE it to 8500 area which is this year's pivot.

ChrisPulver

GBPNZD is setting up for what may be a nice wedge break for a run north to 2.000 or higher to 2.09. The long idea is invalidated if support breaks or price continues to decline.

ChrisPulver

The EURGBP is in a tight range at the moment - fingers crossed we have a breakdown to the south and a double bottom formation which may provide 250-300 pips to return to the center high and previous resistance.

ChrisPulver

Is it possible that this USDMXN is setting up for a big fall to 14.000? I like what I'm seeing thus far in the structure. It's been an enjoyable ride down since 15.5900. I would love to see another 6000 pip drop in this pair to complete the H&S pattern and hit past resistance.

ChrisPulver

EURAUD is creating a nice H&S pattern. I have a pending sell below the 1.3864 low for bearish continuation to the Weekly Symmetry around 1.3500.

ChrisPulver

GBPUSD - I may be nuts for looking long, but it's with good planning and there's no action just yet. BUT, if the GBPUSD can rally back up to 1.5025 and take out that recent high, I'll be looking long to challenge 1.5500 again. This may only happen on USD weakness or FED dovishness so it's absolutely price action dependent.