crawfordpaul

crawfordpaul Feb 18, 2021

Here is a mark up on GBPCAD as I see it. I am attempting to fade the strength in the Pound against the Canadian Dollar which is currently coming off of 2021 highs. It is a 3-1 risk reward and I am looking for another rotation down to where there was a large impulse move up on the February 4th 2021.

crawfordpaul Feb 16, 2021

Interlink Electronics is an OTC stock that saw a large run up in share price on relatively low volume. The problem with OTC stocks is companies can sell shares back into the market creating somewhat of a "pump and dump" effect often times when these large run ups occur. The stock sold very quickly on 2/11/21 and during the price drop most of the volume took place...

crawfordpaul Feb 15, 2021

I am looking for a shorter term trade on EURUSD, expecting one more dip to 1.2. Most of my bias stems from a recovering Dollar which I expect to continue going into next week after a positive outlook from the Fed and CPI meeting expectations.

crawfordpaul Feb 15, 2021

I have tried to move away from indicator based trading into more fact based TA and would like to breakdown how to use this form of analysis with just candlesticks and volume. This is a larger time frame breakdown though similar patterns can be identified (though significantly more volatility prone) in smaller time frames and one can find that these principles...

crawfordpaul Feb 10, 2021

NZDJPY looks ready to rollover and it appears some buyers have gotten trapped above 75.5. I would like this see this pair hunt for some liquidity in either the area of acceptance I have marked as "liquidity zone". Or ideally a push to 72.8+ in search of some of the big buyers who continued to life the rate in December. This would likely play out over the course of...

crawfordpaul Updated  Feb 10, 2021

EURUSD has barreled through my previous targets tagged to this post. It has continued to consolidate and after a busy news week and despite volatility there was no true movement in the exchange rate it seems to have found some acceptance. However, with another busy news week that holds lots of weight in both pairs, I expect to see some nice movement in the price...

crawfordpaul Feb 9, 2021

BTCUSD has put on a show finding new highs over the course of two days. What sparked this large move? Well, part of it can be accredited to Tesla announcing that they were buying $1.5 billion dollars worth of Bitcoin. Crypto is no stranger to the wonders of Elon Musk and this was likely a huge pull for a lot of investors. There is a lot that can be taken away from...

crawfordpaul Feb 7, 2021

After opening lower than Friday's close GBPCAD has made a nice run back up to the bottom of its 2 day range. Now that those lows have been swept, I expect that there is opportunity for the pair to go on a nice run. From a fundamental aspect, The Pound has taken a breather after a rather dominant 2020 however, paired against the Canadian dollar I expect for it's...

crawfordpaul Feb 1, 2021

FX:AUDJPY had a nice run up on open inverse to weakness it showed on Friday. The pair seems to have slowed down on the buy side and I expect to see some sellers come back at these higher price as nothing significant took place over the weekend to cause this run up. I am targeting a 3-1 5.9-1 and a 7.6-1 RR ratio as I expect that the move a very similar (if not...

crawfordpaul Updated  Jan 30, 2021

I have a long bias on NASDAQ:ZM considering that this company has intrinsic retained value going into 2021 and should continue to have a nice valuation's as we use it in our day to working and school, furthermore I expect that it can pretty easily squeeze past 420 to higher prices as such low relative prices are often taken by market makers. My first target...

crawfordpaul Updated  Jan 30, 2021

FX:NZDCHF buying looks significantly weaker and it appears ready for a drop. I have identified 4 potential targets of retracement and while this isn't the ideal entry it will do. I will be monitoring my trade closely as it was very choppy on the way up and volatility could be a reoccurring theme throughout the week with much happening in both the European and US...

crawfordpaul Updated  Jan 30, 2021

The Canadian Dollar had a really strong year against the US dollar correlating nicely with the DXY. After FOMC reports however, the Dollar continues to dig itself out of the hole it was in late 2020 and pairs with the dollar as the dominant, such as FX:USDCAD , have started to experience some upward momentum that I expect to continue for the next few days as...

crawfordpaul Updated  Jan 30, 2021

NYSE:SHOP has showed weakness in its consolidation and appears to have distribution of shares taking place. The volatility is evident in its volume and jumpy prices overnight and otherwise. It closed above its weekly value and short 2 weeks before earnings makes sense due to the likely increase in option premiums. While the market Shopify covers has become...

crawfordpaul Updated  Jan 25, 2021

Here is what I am seeing on EURUSD. While price could very well turn around me and reverse past it's short term highs it appears that there is a lot absorption of higher prices (lower lows) during this consolidation period which gives me confidence in my position and allows for a nice risk to reward. Furthermore, the exchange quote for the Euro Dollar has become...

crawfordpaul Jan 21, 2021

The Pound had a decent 2020 year, outperforming the Dollar despite uncertainty of Brexit and large relief payments made to their citizens. As it approaches it's 2020 highs, a correction makes sense. This short is a play on break of structure which I expect would cause a lower swing.

crawfordpaul Jan 21, 2021

COINBASE:BTCUSD looks about ready to move back up. For many investors these low swings have been a blessing in disguise and there is no drop that isn't quickly met with a sharp rally. Bitcoin has been searching for a floor, slowly making new lows but 34k has been manipulated heavily and there seems to be no reason that bitcoin couldn't crack it, but I do not...

crawfordpaul Updated  Jan 21, 2021

OANDA:AUDCAD has seen a strong recovery preceding a strong and I expect AUDCAD to follow suit soon. Big economic news releases in less than an hour so volatility is expected I will adjust my position accordingly.

crawfordpaul Updated  Jan 20, 2021

This is a recent short squeeze of BBY. I thought this would be a great example of how short squeezes can be identified with a basic understanding of volume and supply and demand. The text on the chart reads left to right.