An outside bar after a signal to go short at a previous swing low. Risking 60 pips to make 120 pips. Following all my rules , regardless of whether the News stopped me out of the 2 previous trades. Got to get back on the horse.
GBPCAD came down to an oversold level and a signal to go long came yesterday. I have entered on the retest of the signal today. CAD and GBP will get thrown around by the USDCAD and GBPUSD but I see strength creeping into GBP and Weakness creeping further into CAD hence why I went long this pair.
I'm going short after the sell signal. AUDUSD found resistance at a previous swing low.
AUD is the weakest against the USD but I am expecting the AUD to rise from here. My SL is 60 pips and my initial target is 180 pips though if we get to 0.7310 I will watch more closely to see if there is a reversal.
Again we test a good level of resistance. I'm adding to a short position here.
Look at this on the m5 chart and you'll see the M much clearer. Good risk reward - if you like mean reversion
Looking for CAD to weaken now and JPY to get stronger across the board. Will be short from the break of the low of the big outside 4 hr candle
Not often you get to such a big level of Resistance
Going short NZD, $ may do a big move on Fed announcements , NZD is extended so taking this one on over everything else.
No 2 closes above or below the channel. This could be a short down to 1.3100 Osicallators are not showing divergence or OS / OB conditions, so could be a grind
Oil Down - USDCAD Up, that's the correlation. If we get 2 closes above the channel , I am looking for Longs. Until then I have to anticipate the lower area of the channel has to be tested at some point.
Looking for GBPAUD to bounce here, small enough stop to get me out of a break down and follow through but upside potential is too good not to try for.
Bounce off H4 support reversal signal targeting the top of the channel
We took out some higher highs but failed so far to take out lower lows. IF we get higher than 1.7020 I will be long for the top of the range, stop below the recent swing low. Otherwise I will wait for a higher time frame to be overbought / oversold
Looking for round numbers below
Looking to sell and rallies , assuming we get some
Not so long ago I heard big investors saying that they would buy Oil significantly below 80 and sell significantly above 80. I also read that anything below $28 and that the financing for oil projects became too expensive and oil producing nations would not be able to maintain any production. My plan now would be to wait and see if 56.50 held, then buy a pull back...
This is a good leading indicator for Oil as well as watching the USDCAD. On the USDNOK I am looking to see what happens at 8.3000