I have started scalps on this pair to observe price action on the sell side and have reversed out of the long at the downtrendline in anticipation of the dollar pullback. If the bearish formation appears, look to break whatever DTL you use and then sell this back to 12906. From that point we will reverse out of that trade at the supply zone and begin to add...
This pair is in small consolidation and is not continuing to my targets below. I am now trading this toward the top of the consolidation at 8567 and then to the D fib ext at 8690... Thanks!!!
Selling into the D extension off the back of the trendline. If you want entry on this you can turn to a one hour or a 15 minute and catch the retracement. Sell it below the pink line.
I've posted several charts on this... Look to sell down into support , form the C of the current swing and trade up to 17100
Let the retracement happen. Then we will still rejoin the long to 7045.
On Sunday evening sell the bearish candlestick down into the support at the pink like. This is synonymous with the up trendline. I will rebuy it when it provides a bullish candlestick with the confluence areas and the stochastics in the buy zone.
Trade it to the back side of the uptrendline and then sell it back to the D. Thanks!!!
Hi. I've been building a position on this pair for a month now... If you are not on, the pair may provide a good level for entry at 1.0970 which is the 618 tretracement level on the 2 hour. Otherwise, we should be buying obvious dips within this monthly channel. My first target for the breakeven position will be 115. That area should take us to 122, and then to...
A 45 degree trendline price break likely can send this pair north. It is in an up ABCD swing with the DAILY D at 1.7455. I am looking for the drop to the .786 retracement at 1.6358 level and a buy up the D extension. This is a 2:1 swing trade. Stop below the last pivot low. So, let's find the C somewhere below the 618, preferably at the 786. Thanks!
This is a very oversold pair which has just bit a 1.127 extension on the 2 hour. The support level is at 18750. I am scalping the first one and am waiting for the bullish candlestick formation. It should pop up for another 100 pips or so before falling again...
I have been waiting to enter the long on euro. Typically the market breaks the inner trendline and goes to the outertrendline. This gives a low range of about 1.1079 for the high and 1.0868 for the low... I tend to look for the lower entries.
We had to enter this twice but finally caught the long move up to its target for 200 plus pips from 188 up. There is a possibility that there wlll be a drop to 189 before a significant upmove to the 195 area. I am trying to catch the retest of the bearish engulfing candle down to the 618 retracement. Then I will rebuy 189. Thanks!! What a great week!!
LOOKING TO BREAK THE COUNTER TREND LINE (CTL) AT THIS 618 LEVEL OF SUPPORT. THIS IS A TRADE THAT CAN BE REVIEWED ON SUNDAY NIGHT AND WE WILL STAY IN THE BUY ALL WEEK UP TO 15467. IT IS CURRENTLY TESTING LOWS AND IF WE CAN GET THE BREAK NORTH WE WILL BE IN THIS TRADE LONG. STOP WOULD BE 20 PIPS BELOW THE U-TURN WITH A LIMIT TO 15457. WILL POST WHEN I AM ON....
Tonight I am looking at possible short positions in the Australian Pairs, limited selling on New Zealand, weak Canadian, and buys on the CHF. Aussie/Swiss rises to the top of my list for a couple of reasons, mostly significant retracement, a structural crown within a crown (bearish pattern). Break the countertrendline and go in now or pullback equal to...
The usdjpy has been consolidating and trying to find a resell level on the daily and the four hour charts. I am trading the retracement back to 115.84 on the daily. We will then sell the .382 level with the bearish formation. Believe that will come in around the .382. Thanks!!
This an update from the chart published last week. Thanks!
Selling the pullback on the daily chart. when bearish candlestick formation appears. this pair may run from 9100 which is just ablove the 382 pullback or the bearish formaition may come in a little higher. My first target is .8755 pivot. Second target is .8477 which is the D extension. Thanks!