5.23.2017 Trade Idea: CMGIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
Corrections
GBPJPY: Buyers Crawling At The Doorsteps Of SellersIt looks like buyers are crawling at the doorsteps of sellers after sellers are losing steam.
Scratch that, I think buyers are knocking aggressively.
This is because sellers have retraced only 50% of the "move up by buyers" and they are already on "leg 2" with "leg 2" showing weakness in strength. This gives opportunity for a buy trade although I can't tell when this is going to happen. However, be on the lookout for it.
Trade with care. Use a strategy you have tested and verified.
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More Than Just Trading.
4:1 Risk To Reward TradeHere is a great trade setup here on EURGBP, please trade with caution everyone.
Two Possibilities on NZDCADKeep watch on this pair because there are two different possibilities that can happen.
Medium Term Trade on GBPCHFWait for the correction before entering short everyone. Here is a good 200+ pip trade setup.
GBPAUD Possible Move upFrom the looks of the MACD I am seeing that this pair is going to give us a move to the upside.
AUDCHF Down Move to ComeHey fellows, here I am waiting for the break of the trendline on this pair for a confirmation to enter short on this pair. MACD is showing another move up so trade with caution.
AUDCAD Next Big MoveGet ready everyone for the next big move down! The move has already started I am watching for a flag before entering.
CADJPY Move UpHere on the CADJPY I am seeing that the pair will most likely have a move up. Watch as price reaches the bottom trendline.
Long Term Trade on GBPJPYOn the daily chart we can see that GBPJPY is in an ascending channel, simply watch for a buy at the bottom. This is a longer term trade everyone so hold it until the top.
USDCHF Expanding Ascending Triangle Here on this pair I am watching for a sell setup at the top of the expanding ascending triangle.
Daily View of GBPNZDHere on GBPNZD I am expecting to see another wave up to further complete our corrective pattern.
GBPUSD BuyThere is a confluence area I am seeing here on GBPUSD at the 1.22500 level. Watch the area closely for a chance to buy the pair.
Short GBPCHF at Top of PatternVery simple setup here on GBPCHF. Look for short positions if price gives a good reaction at the top of the current pattern.
Short Term Buy on EURGBPHey guys, we have a reversal pattern forming here on EURGBP also with some extra indications that are influencing an up move. On RSI there is an oversold condition and MACD we are seeing divergence. Good luck and safe trading to you all
Buy at Bottom of Channel on GoldThe current structure for Gold is an ascending channel. Expect another move up whenever price reaches the bottom of the channel.
Reversal Pattern Forming on NZDCADHello fellows. Here on NZDCAD I am expecting to see a reversal pattern forming. Keep a close eye for the move up.
Shorts on GBPJPYHere we have a short setup here on GBPJPY. We have a few indications: 5 wave structure, 1.27 fib and a trendline that should hold. Watch as price reaches the 143.100 level for a clear reversal before placing short orders. Thanks fellas and safe trading
AUDCAD Shorts Coming Up SoonPrice at the moment is correctively rising so what I am expecting to see of this pair is that price is going to fall soon. We are currently seeing divergence on our MACD which signals a reversal may happen. Good luck and safe trading.
Sell AUDUSD At TopHey everyone. The pattern we were expecting to see on AUDUSD has changed and we no longer will consider it. So, we will watch for price to reach the top trendline and see how it reacts. MACD is showing divergence which signals reversals. Good luck and safe trading everyone.
Weekly Outlook for AUDCHFThere is an ascending wedge forming on the weekly chart of AUDCHF. I am expecting a reversal soon so keep your eyes out for a big move to the downside.
MACD Divergence and Pattern Setup On AUDJPYThere is divergence on MACD and we have a pattern setup. Look for a sell at the top and see if we get a break at the bottom. Good luck to all
Clear Short on GBPCADHere we have a very clear pattern setup. This will be a great opportunity to enter short on this pair. Good luck and safe trading.
