The_Monk_Trader

The_Monk_Trader Updated 

FX_IDC:NZDCAD

The_Monk_Trader Updated 

Short opportunity after confirmation that longer trend has been broken.

The_Monk_Trader Updated 

Break trendline and bearish engulfing 4hr candle gives us a nice short setup.

The_Monk_Trader Updated 

FX_IDC:USDJPY Short USDJPY after the 4hr candle broke the ascending trendline. The setup is also close to the descending trendline, therefor the stop is placed above this trendline at 109.2. Target 107.

The_Monk_Trader Updated 

FX_IDC:NZDCAD - NZDCAD is in a downward parallel channel and has hit the upper trendline a few times in the last weeks while showing some bearish candles. - It just broke the trendline support showing that there is more downward trend continuation. Shortterm target is the 0.618 fib retracement level @ 0.8900. Longterm target is the 0.8070 support of the lower...