Price is currently retesting the top of our range. Looking for a pullback to previous consolidation and then the continuation to the upside. Ultimately looking for price to reach 83.800-84.000 area
Price is currently sitting at our 78.6% retracement. Looks as though the market is faking out of our range to grab orders before shooting up. Only risking about 35 pips on this one. Looking to hold until about 1.3200 area
Looking for a touch on the .786 fib retracement to go long
Seeing a potential move to the downside on UJ. Overall i'm still bullish but i can see this happening
Hey guys, looking again at NZDJPY. I was looking at 75.000 earlier in the week, as a major level to react to. Now that price has gotten there, we can see strong rejection off of it. I've got a position on this pair currently, but just looking at this pair, I can see price coming back up to that trendline break. Will be looking for a reversal candlestick pattern...
USDCAD producing series of higher highs. Currently price has pulled back to our 61.8% retracement level. This zone is also a major price point at 1.3000. Looking to go long to fill out the extension to the -41.4% level. Personally, i'm going to take partial profits at 1.3095, then if price breaks and continues, 1.3310. Happy trading guys.
GJ retraced to our 78.6% retracement. This price area is also a monthly level. Looking to ride out the extension to the 127.2% fib level. Once i see an engulfing close on the 4H or 1H timeframe, I will enter this trade. Looking for about a 430+ pip move to the upside.
Hey guys, Looking at USDJPY here. Overall bearish market. We've had a pullback perfectly to our 61.8 retracement on our impulse. 3rd test and respect of our trend line. All confluence to go short. I see about a 140 pip move to the downside. With a candle close under the fib, i'd say its safe to open a position.
Looking at EURCAD here, i'm seeing a nice potential sell off. Price has respected our bearish trendline. We have a nice wick to the 61.8% retracement, which is also a key price level @ 1.5000 to be looking at. I'm looking at the 127.2 extension as our downside target for a take profit, which coincides with another one of our key levels (1.4750). Pretty...
My bias on EURCAD, Price has come to a major level of 1.5000 and respected so far. Looks to be ready to move to the upside. This trade will hopefully play out in the next few weeks. Happy trading guys, and have a happy new year
Hey guys, Looking at EU once again. Got stopped out twice before, so we'll see if third time's a charm. 61.8 retracement on impulse leg. Higher high turning to higher low. Respected trend line bounce. Looking for some movement in this pair next week. Happy trading guys
Hey guys, Took a few days off from trading. Will probably be my last markup, seeing as the holidays are right around the corner. With that said, i'm looking at UJ currently and I like what i see. We see divergence on the H4 time frame. We have a 3rd bounce off the trend line. Now we're just going to ride the continuation up. Looking for my first TP at the...
Hey guys, So looking at EU, I posted a markup a few days ago, and got stopped out. Now i'm looking for a re entry around the 1.17900 area. I've entered a position already but i'm expecting that drop to the entry. Still looking at the same target as last time at 1.20000. Over 200+ pip move so let's see what happens! Bias overall is still the same Happy trading
Hey guys, Looking at USDCAD, late last week we saw a huge move to the downside. I expected it to move downwards to my zone (orange box), but not as quickly as it did. Now i'm looking long around this area. We'll see what price decides to do here. Overall this pair is still an uptrend, even though we're seeing consolidation currently. I'm going to take this trade...
Hey guys, Looking at EU at the moment, i'm seeing that price has held the support inside the zone (Orange box), with price rejecting 4 times. On the daily time frame, i'm still seeing an uptrend as well. Looking for the crossover of the MA's to give me more confirmation in the trade. Looking for price to come up to the 1.2000 area, which is a daily...
Hey guys, so i called a long a few weeks back on this pair. Obviously price moved where we wanted it to go, and then some. I'm liking this short position here because, overall the market is still bearish on a higher timeframe in my eyes. Price has been moving in consolidation for the last 2 or so months. I see this pair ultimately continuing it's bearish direction...
Hey guys, So looking at EURJPY, i'm waiting to see what price action will do around the area that it's in. (blue rectangle) It's a major reversal zone. Looking further on, the red line around the 134.400 area is the 61.8 retracement on the monthly timeframe. RSI is also in my overbought area. Price hasn't broken this area in quite some time. I drew a potential...
USDCAD reaches level of resistance (institutional zone). Double top on 4 hour. Slight RSI divergence. Looking at about a 200 pip short opportunity. Not calling a trade, but giving my bias. Be careful, seeing as market is ultimately still bullish!