FOREXEL

FOREXEL

The Loonie is figthing the inner trendline with numerous highs and lows as it climbs. It will either break the trendline and make a squezze..or continue to climb along the trendline. It is heading for 100.83 ( fib 0.618) - 101.33 which is the next major supply zone for this pair. See inner trend line for pull back targets as this trade goes on. One better trade...

FOREXEL

As we speak it looks like a pull-back trade just opened up with enough possible profit range to be interesting. As this pull-back is completed there is stil an even better trade and upside target. See chart for details. I will trade them both

FOREXEL

This chart and trade relates to my Oil trade on which I am currently going short. I Believe this pair have found its bottom for now as the Loonie has hit fib0.382 from the top - and also being rejected for the 4th time at current price level. Saw that I had messed up the fib levels on the chart and in the text.

FOREXEL

I believe 1.1919 area is pretty much the bottom for USDCAD for now (short term) and Crude Oil will correct lower again towards 58 bucks a barrell to start with and then 56 bucks (ish). See separate chart for my USDCAD (Long) trade for more details if you like the idea. Risk to consider The dollar index must find a bottom at current levels as well and there cant...

FOREXEL

The Pound is not done correcting higher just yet. Its is very likely that it will pullback some after hitting the fib 0.5 level and pull back towards 1.56-1.5572 (Inner trendline and 200 MA) But after that it migth as well go for the golden fib 0.618 level (see chart) Current price action is really important for coming months ahead. The trend is still down but...

FOREXEL

The ongoing Euro correction - which is the only real correction we have seen since the sell-off began last year still have a lot of room to correct higher. Current price action is really important for coming months ahead. The trend is still down so thats why I wil stay on the Bear side for now. I expect this pair to range more in the near future. The trade...

FOREXEL

Limit order placed. Time to go short... shortly

FOREXEL

Just went in long. Will enjoy a few cold ones and the sun as this trade finds its bottom as we speak and will head north again. Happy trading

FOREXEL

AUDCHF..cant spell. Trade idea for next year based upon the SNB to be more or less forced to adjust their rates according to ECB and their actions.Entry as the stochs reach the bottom

FOREXEL

AUDCHF - Trade idea down to it reaches good demand zone. after that its time to go long for longer

FOREXEL

We are now at an interesting price level (Demand zone). There is still a little room to the downside and the pressure is on the Aussie but dont expect it to last that long. Unless FOMC gives something that really would make the dollar take off again then I will Go long on this one directly after that report as I will go long on XAUUSD and AUDNZD.

FOREXEL

This pair came all the way down to a great demand zone and bounced directly. This pair also goes hand in hand with a XAUUSD which has a good bullish divergence on the 240. Happy trading

FOREXEL

Got a bit of challenge with this one.. looked like this pair was preparing for a re-test but reversed sharply after the RBNZ news this morning.. now is this just noise or is this pair now forming a foundation at current levels to go higher. On the weekly and monthly charts it gives another picture by not being that far from a great supply area which should...

FOREXEL

I posted this trade as being neutral but be sure that I am in it. there is a lot of pips within reach still to the upside as we speak, But I am careful, we might get a double top up there and this breakout needs to re-test the 1.8650 area again before we might see attempts for higher ground above 1.9250. Trade it carefully and grab them pips!

FOREXEL

The breakout is not yet confirmed so I await the re-test. However, with the Stochastics entering the oversold area we might get a little pullback before the dollar breaks lower again

FOREXEL

A fellow trader gave me a heads up about the Kiwi testing resistance level once again. It is time to watch this pair closely for trading options such as a bounce, breakout or fakeout

FOREXEL

Not a bad divergence trade to take if ones see the Dollar to soften a little bit today after the rally last Friday. Dont wanna take a risky pullback trade then just use the possible pullback to re-enter and/or buy in. I will watch and see if it goes down and stays around 120 to form a base for next leg up later,

FOREXEL

See chart