Dreadlegion

Dreadlegion Updated 

I will be long GBPCAD on a break of the Trend line, possibly up to the weekly or monthly pivot point. It is becoming Oversold on the 28 level RSI which means it should pullback soon. So at the very least I am expecting a pullback to the trend line so there is an opportunity to make some pips. Remember to keep your trade sizes small and manage losses so they...

Dreadlegion Updated 

4H chart with a high wave trend indication and a trend line break looks like a good setup to short to the monthly pivot. Don't forget NFP is soon so lock in or take profits before.

Dreadlegion Updated 

I have already entered this trade as of now in between working my normal job. I want to short the pullback on that huge run up. My take profit is set for 102.5 near the .5 retrace. I am expecting it to hit the monthly/weekly ghost pivot (purple m) or go as far as the weekly pivot at the .618 retrace.

Dreadlegion

4 hour Rsi approaching overbought. 1 hour is already overbought. USDMxn also approaching major resistance at 17.94ish. I think it will tap that resistance line then run down for a beautiful end of week trade. I have my sell order set at 17.9 and alerts set for a break of either line. If it breaks the trend before it hits my sell order I will handle it manually.

Dreadlegion Updated 

I Shorted USDMXN at the break of the trend line last night before i went to bed, and woke up to a wonderful +$500. It is in a down trend on the larger time frame, so I expect it to keep moving down. Be mindful of the mini S/R line and expect a possible bounce there which could even take it back up to 17.54 where the top of the trend is. If it breaks the trend...

Dreadlegion Updated 

One of 3 things could happen this week. I am waiting to see how the next few candles print, but it looks like it will be a great trade for the middle of the week. It could bounce off the trendline and continue up on the purple line, or it could smash all my hopes and dreams with the green line. The most likely path it will take is some sideways/downward...

Dreadlegion

USDMXN is at a pivotal point here. It could break its long term down trend by breaking the top trend line and continuing up. It could break the bottom and stay in the channel for a nice short. Or it could buts both lines and do whatever it pleases. I am going to wait and see on this one in 8 hours or so, but I like a short to 17.1 If it does move down be...

Dreadlegion Updated 

Price broke the first fib level from our previous chart. It broke the trend line as well. Price then proceeded to bounce off the back of the trend line, and is now headed long. I want to ride this to ~110.000 near the 2014 resistance level, and the next fib line. I will add to the trade on pullbacks.

Dreadlegion Updated 

If price continues up at this rate it will hit the trend line at the .236 fib retrace, from there it will either break up or get smashed down again. I am already in this one long but wanted to share it. There is a level of resistance from 2014, the only support/resistance at this price action with the next one below at 105. Ultimately I could see this thing...