TradeHuntFx

TradeHuntFx

Break of 0.7000 is crucial if we are going to be expecting a new lower low to be formed. Price has just come off a nice retest of CTL, area of resistance and 61.8 fib level. This gives us a good solid level to hold shorts from. POA is to sell into the rallies and/or sell on a break of the retracement Please feel free to post your own opinions/charts to this feed

TradeHuntFx

Here is an indepth view of the USDCAD weekly chart. FOMC this week has forced this pair higher, rejecting nice off the bottom channel line. Overall structure suggests we are in a bearish flag, however shorter term buys could be found if we try to test 1.3900 before reversing

TradeHuntFx Updated 

Confluences to long: 1) Price is continuously forming Higher Highs &Higher Lows - indication we are in an up trend 2) Candlestick rejection at Kijun Sen (entry point) 3) Looks to be unfolding into the D leg of an ABCD corrective structure 4) Kumo cloud is bullish and widening 5) Break through of R1 and 0.5 fib retracement 6) Targets align at...

TradeHuntFx Updated 

Long bias on this pair...first barrier to break is 0.75000 and then straight to 0.75800 levels. Entry is solid with a re test of the break out from the counter trend line as well as current price action around the 50ema. After we have reached D levels we can expect the price to reverse, activating short positions, to make a lower low.

TradeHuntFx Updated 

This pair was put on our watchlist over the weekend and an entry oppurtunity is available. Double top has been formed at the 1.618 fib extensiion of previous ABC boundary, completing the ABCD corrective structure. The double top is also trading around the key level of 0.7500 which is paired with the 38.2 retracement level of the larger ABC boundary

TradeHuntFx Updated 

After failing to make new lows, we may see a corrective structure here at least. It is looking as if it is unfolding into an ABCD pattern and we should look to buy @61.8% fib retracement of leg A-B

TradeHuntFx Updated 

Our stance in bearish with this pair and a lower low is expected to be produced. However a trade set up has appeared for an entry into leg C. Elliot wave theory is exhibited very clearly here. Enter with caution as this is a counter trend trade

TradeHuntFx Updated 

After breaking out of the wedge structure 6 weeks ago, XAUUSD has gone on to form an ABCD structure with point D terminating at a strong level of support also. As long as the price stays above 1200, upside targets will be 1250 and then 1275. Fundamental news is favouring a stronger Dollar meaning Gold prices will fall and this tells us to trade with extra caution...

TradeHuntFx Updated 

On Friday we traded the final leg move down in this 5 wave structure. We should now expect a retracement would could be signalled by the inverted head and shoulders forming. We are already in a BUY position and will look to add to it on a break and re trace of the neckline.

TradeHuntFx

Price action is suggesting we have had the 4th wave termination at 123.6 fib extension levels and that wave 5 is about to unfold.. Going long here gives us an excellant risk to reward. I am suggesting you use higher level of causion however as fundamentally the USD is strong.

TradeHuntFx Updated 

XAUUSD has entered into an ending diagonal 4th wave structure. ABCDE corrective waves are almost complete so we can expect another leg lower (wave 5) Excellant risk to reward on this trade.

TradeHuntFx Updated 

After the markets reacted excellently to a Trump victory, we should be hopefully that volatility is going to stay high for the next coming weeks. This pair needs to retrace before it can go much lower...so we have entered a small counter trend position before following the mantra of selling on rallies.

TradeHuntFx Updated 

SImple idea here...we can expect a retracement from these levels. Bare in mind that we may be stopped out but selling into this rally (if you are sensible with your risk management) isnt a disasterous idea.

TradeHuntFx

NFP today caused this pair to complete its last wave up before dropping down to 1.33000 levels minimum...good risk to reward ratio too

TradeHuntFx

Beginning of the month...no reason not to believe that this pair has formed its monthly high already. Swing trading this short is a good idea

TradeHuntFx

Due to lack of volume in the markets today (traders are waiting for NFP to pass before trading) this pair hasn't been able to make any significant attempt to break down into the 5 waves that are expected. Instead we have entered a rising wedge...a break out of this structure could allow you to open new positions. Bearish divergence will develop more the longer to...

TradeHuntFx Updated 

Correction looks close to being complete..price is now retesting the 61.8% fib retracement of the downmove with other confluence. Good luck.. do not rush an entry

TradeHuntFx

Taken profits from this pair during london session. It has now rallied back upto a shorting area. Please keep lot sizes smaller than usual due to FOMC meetings later today...