devank00

devank00

We are currently downtrending with a nice consolidation at the trendline. Increasing selling pressure along with rejecting the 200MA on H1 has me watching for a possibly soon short entry.

devank00

XAUUSD has had a nice bullish run recently, and I am looking to build a position on this uptrend in the pullback target. XAUUSD is oversold on Monthly charts and Weekly OBV shows institutions stepping in with sell offs which keeps me from buying in at this point.

devank00 Updated 

AUDUSD looks to be forming a beautiful cup and handle with an incoming upside breakout. We are accumulating buying pressure on the OBV for both daily and weekly charts. We also just broke the Daily 50MA, along with trending above the H4 50/200 MA. Cup and Handle Play: ENTRY 0.64905 TP 0.66785 SL 0.63679 RR 1.5

devank00

Anyone else seeing this inverted cup and handle on the H4 charts? Lines up with increasing selling pressure on OBV. Huge bullish sentiment on DailyFX, likely from the wedge breakout. Im thinking this is a false break and we will continue to the downside before seeing an upwards recovery. Institutional buyers see a nicer buying opportunity at this level.

devank00

We are currently in a ranging market for EURUSD, with a recent pullback to our support. Seeing a nice rejection off the support area which is developing a H4 bullish divergence. Recent uptick in OBV on Daily also leads me to believe this will be a nice trade. However, if filled, I am not planning on holding this trade to the complete target as I am very weary of...

devank00

Looking for a pullback on USDCAD to continue this downtrend. Many bearish signals here, both short and long term. Daily chart just broke below 50MA and OBV is pushing lower. H4 shows a recent break of both 200 and 50 MA. Ideal entry in tan rectangle which would be a nice pullback with a target in to the green; the bullish divergence forming on the H1 supports this...

devank00

Seeing a trend breakout for NZDUSD. Retest of breakout forming a bullish engulfing makes this trade a nice setup for upward continuation. Also noticing an uptick in daily OBV across the MA. Daily 50MA was just broken but we are still under daily 200MA. However, 50/200MA on H4 had a recent upside crossover. ENTRY 0.60937 TP 0.63480 SL 0.59747 RR 1.68

devank00

Looking to catch a breakout here to the upside. Seeing a H4 bullish RSI divergence developing alongside a nice morning star formation on the daily. Also, the morning star is breaking out of the H4 50MA. ENTRY 106.708 TP 107.855 SL 105.941 RR 1.5 1,000