Hi all, I'm setting a sell stop for expected volatility as the S&P drops toward potentially its first down-week in 9 weeks. I expect the market to respond by flocking to the Franc as it has the past couple of days. Cheers.
Hey traders, not a whole lot of volatility after the FOMC minutes. I like the rejection of the dollar weakness afterwards and the price action says a nice R/R is in order short from here. Targeting larger pattern .382 retracement with SL above MA cluster. Cheers
When heavy news is pending, sometimes I like to get into a pair and set my SL to BE in order to let the news remove my risk or send it in the direction of target. Here is a great technical setup which exemplifies this strategy. If CAD GDP comes out stronger than expected, I expect this pair, which is already showing weakness, to continue to drop. Then, at...
Last week, oil broke out of a triangle and is holding its high base on the lower time frame. Look for bullish price action to continue. I'm anticipating choppy moves as price touches confluent harmonic levels. If price is unaffected by these levels, strong bullishness is likely to continue. Updates to come.
With the bullishness in the pound and potential rate hike anticipation, I want to be long. Trading against the potential short side of the CAD on its weakness recently in addition to upcoming BOC rate statement is a good idea for my trading plan. I am long on a break of highs. Cheers
I am taking a long here in anticipation of potential CAD downside after the BOC rate statement today at 1400 GMT. The upside is riskier than the downside IMO. A move up will allow me to set SL to BE before EUR volatility on Thursday when the ECB releases meeting minutes. I am also looking at GBPCAD long as bullish momentum is strong in the pound. Cheers
Hey all - great opportunity setting up at this bull flag setup. Keep an eye on it!
This is the area where I was expecting resistance. I want to be short if the 1.2125 level is broken. Target at TL with SL above recent highs as shown.
USDJPY has formed a double bottom. If resistance is broken, there is a chance that price may carry significant bullish momentum toward ascending target line.
If short term resistance is pierced, long bias toward top of triangle. SL below support.
SMA and channel support give this trade a nice backboard behind which to place a stop. Long toward top of channel if resistance is broken.
I like a long here off of this bullish reversal candle near support. SL under candle with target at top of channel. Gap remains unfilled as well as a missed daily pivot above price.
USDJPY is reaching potential intraday highs at the completion of a rising wedge. I sold at break of support with a SL above resistance as shown. Target line will serve as TP level.
CADJPY has retraced its gains from yesterday. The bearish impulse was strong yesterday and I want to sell through the Asian and London sessions if lows are broken.
GBPNZD is in a strong support zone on a higher TF. I'm buying when resistance is pierced on the risk that this higher TF candle will close higher and send the pair toward target line. The R/R is high enough for me to take this risk. Manage your risk first, it is the most important component of trading.
USDJPY is in a short term downtrend. I want to TP at the given target line. Trade active at Sell stop with invalidation above recent highs as shown on chart.
The weekend gap closed quickly after opening higher during Asian session trading. I like a short below support. Trade is invalidated above intraday highs.
Trendline confluence has provided a nice backboard behind which to place a SL. I am short this pair toward missed pivot cluster below. Trade is active.