alectrade1

alectrade1

There is a very strong daily support level where the USDCAD is currently trading. I consider this to be a high probability area to get some bullish action at least up to 1.34 and possibly to test the daily highs up at 1.3750 again. There is also a really nice Fib cluster lining up right at this MAJOR daily support level giving us great conformation about the...

alectrade1

Bullish 4H Cypher on USDCAD setting up to get involved in a move that could potentially retest previous daily highs around 1.3750

alectrade1

There is a nice looking bearish Gartley that may provide so short term selling opportunity before the continuation of the underlying bullish tren resumes.

alectrade1

AUDUSD is a sell at market now. Getting a better price on the R1 weekly. S/L Above 0.7522 Looking for a continuation of the bearish trend. Also check the liked chart on the DXY showing a good chance of bullish Dollar price action which supports this trade.

alectrade1

USDCAD has moved into a nice bullish zone. Id be expecting some bullish price action in this zone. Also please check the linked chart on the DXY that support a stronger USD medium term.

alectrade1

We have entered a Zone where the Dollar may find some strength going into the next few weeks. We have a 61.8% retracement on the weekly chart aligning with strong fib levels. I have highlighted a green PRZ on the dollar where im expecting some bullish price action.

alectrade1

EURGBP had been ugly that past few weeks. But i see some harmonic moves lining up with a nice cluster of fibs. So i have identified a range for a potential short opportunity. Selling @ R3 0.8624 S/L 0.8696 T1 0.8530

alectrade1

Im looking for a shorting opportunity on AUDUSD at the R2 weekly pivot at 0.7474, Stops 0.7530. Price is moving into a nice potential selling zone accompanied by a cluster of Fib levels that could provide a good entry level. The AUDUSD could also see some further weakness as the sell off in equities continue.

alectrade1 Updated 

USDJPY has come into a very overbought position. i think there is a high probability that we get some bearish price action here. Im short at R2 weekly pivot @ 114.13 Stops 115.15 T1 112 around green support areas. T2 could run for the Gap.

alectrade1

Even though i am already short USDJPY (see linked chart) there is a bearish gartley on the 1H chart right on top of our previous entry level. This could be played as a normal gartley or used to get short USDJPY and ride the move to lower levels as explained on the linked chart.

alectrade1

CADJPY is coming into a really nice resistance area. We have a bat pattern also completing in that bearish zone. Looking for a short at 83.00 S/L 83.55 Target 1 82.20 Target 2 80.85

alectrade1 Updated 

I have loaded a sell limit order on USDJPY at 112.32. The market had come up into so significant resistance on Daily/4H charts. Looking for the market to move all the way down to fill that gap. Stops above 113.20's T1 at 111 flat Other half of the position looking to take profits around the Gap fill at 109.36's

alectrade1

I have an at market buy on silver here. Market has come into a major area of previous support. We also have a bullish price candle showing price briefly breaking this support but immediately being bought back up to close inside this bullish zone again, giving a signal of bullish momentum. Buy @ market S/L 16.58 T1 17.44 P.S Interest rate decision later on tends...

alectrade1

EURJPY has come back up into a major resistance level highlighted in red. Ill be looking at shorting 122.69 Stops @ 123.88 Target 1 at 120.82 Looking for price to fill Gap with second half of trade. Just as a warning. We are looking at the short on USDJPY too. If you trade both trades your exposure to buying JPY may be rather large. Keep that in mind when you...

alectrade1

Just got into the office and saw my AUDCAD sell limit order at R1 weekly pivot at 1.0226 was activated. Stops at 1.0290 We have the daily coming into previous resistance, with 78.6 fib retracement and Weekly R1 confluence. nice risk reward. Definitely a tradable opportunity

alectrade1

YEN has gapped up into a structure sell zone. I have shorted weekly R2 at 110.21, stops at 111.

alectrade1 Updated 

USDCAD has been stuck in a big Range on the daily and now seemingly on the 4H too. This breeds opportunity to find some harmonic patterns to play until we break out. We have a 4H bearish bat pattern here at 1.3424.

alectrade1 Updated 

Even though we still holding the long (see linked idea) we have come up into a cluster of resistance which has provided a shorting opportunity. Oil is very over bought on the 4H and daily charts and has moved into a rather large resistance area. Im shorting at weekly R1 at 56.56 with stops above 58. targets at 54.66.