Looking at UJ. Currently seeing what looks to be a fakeout to the downside. Going to take a position at 109.400 area long. 110.500 is my overall Take Profit
Looking at USDCAD, we've got a pullback on our impulse leg to the 78.6% retracement level. I'm bullish overall on this pair given higher timeframes. Looking for the extension to 127.2% and further beyond to the 1.35800 area.
Price has reached our previous low, which is our liquidity zone. (Orange box). Now just going to take this trade back up to our next zone for around 250 pips. Zones were drawn on our daily chart so this will definitely be a nice swing trade with great Risk/Reward. I'll be entering this trade once I see the proper setup on lower timeframes.
Looking at EURUSD to start this trading week off. We've finally broken and closed under our previous low from the first week of March (Daily chart). Price has retested our green zone twice now, which is my overall neckline. This is a good indication that we still have more bearish momentum. Now, i'm just looking for our Fib extension to play out. I'm waiting for...
Looking to go long on USDCAD. We've been ranging for some time now. Looking for a bullish run from the 61.8% level. Overall target is 1.35100. Bullish on higher timeframes. Will be careful with this trade seeing as news will be released tomorrow morning.
Looking at EU currently. We've been seeing rejections of 1.13600. Looks like liquidity is just being gathered around this area for both bulls and bears. I'm expecting price to make one more push up to 1.13720 roughly, and then finally make the move down. I've been patiently waiting for these highs to be retested once more and then the drop to ensue. Once price...
Looking at EURGBP, currently liking what i'm seeing. Potentially looking at completing an inverse head and shoulders pattern. Fib is only there to determine a good entry. If this plays out, then i'll be looking to see what the market does around the .8635 level. If we can break that area, then .87140 is the overall target
Now that the market is open, we can see the gap created, which was expected. Now looking at overall structure. I wouldn't be surprised to see price dive to our 78.6% retracement level and fill the previous gap that was created in the middle of February. Will be looking for long positions once price reaches 142.500 area. I will keep everyone posted once i see the...
Looks like USDCAD is completing a harmonic pattern on the Daily time frame. Still see a push up to 1.35400 area happening. From there, i'll be looking to short this pair to the 61.8% retracement level at roughly 1.32900. I will let price action play out and see if we can find ourselves a nice entry. Will keep everyone posted if I see something.
Market is currently in a range. Lower lows on the H4 timeframe. Retracement to the 78.6% fib level. Extension to the 1.272 extension, which is in confluence with our weekly level.
AUDUSD broke out of our consolidation range finally. Now looking for a retest of our daily level. Liking the short to .71825, for roughly 185 pips. Ultimately i'd like to see price continue to our monthly level of .7000, but we'll see how it plays out. Waiting for a nice reversal candle pattern to take us short.
Looking at NZDJPY. I'll be watching closely as price moves up to 75.000. If this level is respected, then I can see a big bearish move to 72.000 and beyond.
EURAUD looking like it's going to start the continuation to the downside. Target is the 41.4 extension of the fib, which is also the bottom of the next range box 1.59500 is the full target
After seeing wicks to the upside and continuous rejection of the top of our range box at about the 1.18000 zone, I'm liking the short back down. Looking for price to come down to 1.1620 for our first Take Profit 1.15400 is our ultimate goal to reach
Looking for a bullish run on AUDUSD. Currently price is respecting our monthly level. Took a position at .70800. If price breaks out of our current range and retests the level, i'll be looking to take profit at .71870. Second take profit will be around .72200, which lines up with our 78.6% retracement on the Daily time frame.
Looking for a short on NZDUSD. Double top on 4H timeframe. Weekly level at .69000 currently being retested. Selling off to .6815 and then a possible continuation to .67500.
Looking at USDCAD. We've tested our 61.8% retracement level on higher TF. Now looking for a reentry on this pair. I'd like to see a rejection of our 61.8% on 4H chart. Also the neckline of this new downtrend. Will look for a candlestick pattern and get in for the ride down to our overall target of 1.31100.
EURJPY has broken out the top of our range. Now looking for a nice pullback to our 61.8-71% area so we can take another position long to our overall target of 125.800.