If not all the way through, we can get at least 30-65 pips of action.
Pretty self explanatory short, will cover why the trade was taken during our live session today @ 11:00 AM EST on our YouTube.
Coming off a nice support zone while bouncing off the CTL, great R:R.
A sell of could be possible given the weaker dollar, and most traders are favoring a USDJPY long.
Confluence from the weekly time frame all the way down to the 4HRLY, indicating a possible short. Carney is speaking today at 4:00 PM EST so be cautious. If I get a nice bearish rejection on the current 4HRLY candle, I will enter a small position despite Carney's speech at 4.
We had a slight pullback, and I believe now it is the time to enter long again.
CTL Break + Retest & Rejection of Weekly Trend line (Yellow) + Rejection off RES + FOMC Rate Cut? Wait until the FOMC decision at 2:00 PM EST before entering, or you may elect to enter a SMALL position.
A nice setup that isn't directly influenced by this weeks fundamentals.
Wait for a bearish 4HR, before entering a short.
Pending a break, retest and rejection off of 122.100. We can have a great R:R long setup as many majors are starting to gain some strength back against the JPY. Let's wait for the arrows to play out before entering.
Enter at your own risk, we have Aussie Monetary Policy this evening. Later this week we have GBP Monetary Policy this Thursday.
Great setup for next week as it is not directly affected by any of the releases + we're trading with the trend.
This is a critical psychological level for the USDCAD and we have two viable trade setups depending on the reaction to this level. Ideally, we should await next weeks FOMC meeting minuets before entering.
If we get a break of the flag (ascending channel) we may see a bearish continuation to the indicate key levels. It would be ideal to enter such a trade after the Aussie Monetary Policy this Monday (if the policy is good for the AUD).
Decent setup that could be considered intraday.
Currently retesting the neckline, a 4HR candle rejection is ideal for an intraday short.
I have entered this as a swing opportunity, key levels and execution order details are on the chart.
We're in a tug of war situation. Friday it seemed to be that EURUSD would make an easy transition to 1.14000. Over the weekend, the Trump Administrator and Mexican Officials were able to reach a deal in regards to the recent dispute over lax immigration control by Mexico. We did see some slippage over the weekend as a result, with the Euro and Pound gaping lower....