NZDJPY Short - Another Long Yen Setup on Brief RallyHere is another long yen setup with 2 R. The bearish motive wave has retraced to an acceptable sell level for my trading plan. Use your own judgement. Cheers.
Glennmercer
EURNZD Bullish - Continue to New Yearly HighsBuy setup here on short selloff. Buying to new yearly highs. Cheers.
CADJPY Short to Bottom of RangeNice bearish impulse here on the 1H. Would like to sell on a slight rally toward bottom of daily range.
Potential Reversal on ISM ReleasePop in AUDCAD on the lower TF's, top-down analysis says target is around 7R
GBPAUD Short - Bearish Break, Selling on RetestAs title suggests, simple retest sell to daily lows. Roughly 2 R. Cheers
EURJPY Short - Top of Wedge to Bottom of WedgeVery simple 2:1 R/R setup. Impulse down, corrective rally ready to drop again toward target.
AUDJPY Reversal ComingSell stop below recent lows. I like the way this is losing momentum, with overall bearish bias to target.
USDJPY Short - Re-entry after Breakeven, 4+ R/RI'm re-entering after closing at breakeven, volatility form crude inventory has added new vigor into this pair and all USD pairs. Cheers.
USDJPY Short - Trade of the DayI like a short here from the top of the descending wedge. Big R/R. Daily trend is down, could see new weekly lows before rebounding. Cheers
GBPCAD Short - Scalp from Top of Range, Hold for Potential BOGBPCAD is setting up at the top of its short term range. I like a tight stop due to bearish momentum on smaller timeframe. Quick move to breakeven with a hold to solid R/R on Daily TF.
GBPJPY Short - Pinbar Rejection with 2:1 R/RI'm posting a couple of trades I'm looking at this morning. This is a technical set up with 2:1 R/R. I like the bearish momentum on smaller timeframes. Cheers
EURGBP 2:1 Short - Mid-Day FadeLooking to fade the short little pop here in this 2:1 R/R setup. Simple and Clean. Cheers.
NZDCAD Short - Pinbar Rejection and Higher TF Motive WaveHere's another setup I have, with short entry below pin and target below daily low. 4.5 R/R. Cheers
EURJPY Short - Rising Wedge to Continued BearishnessLong term, this pair has shown some bearish impulses that I think will continue. This bearish wedge is a good way to enter. Tight stop and quick move to breakeven reduces risk and maximize reward if entry is correct. Cheers
NZDCAD Short - Big R/R From Top of RallyThis could be the top of the short term rally. I'm keeping a close stop and looking for a big target. Keep an eye on 1-5m timeframes. Cheers.
USDCAD - Trading the Daily RangeHere are a couple of trades I'm looking at on USDCAD. If it drops to long entry, I want to see it gain positive momentum on the lower (1m, 5m) time frames. If it does, both trades are applicable. I like the energy this pair has today, could through it over ranges and call for a reprice on both sides. Cheers
GBPCHF 4H - Ready to SELLI like a short here on GBPCHF. Lots of bearish confluence. Reversals on both currencies (positive for Franc, negative for Pound).
Here's my current wave count on the 1m timeframe:
Would love to see new highs into the sell zone and a bearish impulse before shorting. Cheers
NZDUSD Short - Potential Breakout PlayThis pair is in a clear downtrend. I like the basing price action at support, usually a sign for strong breakout potential. Previous lows have been broken which could open the flood gates through Friday. I'll be selling at the break with SL above 20 SMA and following price action down after 1:1. Looking for 2:1 or higher. Cheers!
AUDUSD Gartley at ResistanceI'm expecting some major resistance at the .68 level:
Major S/R Lines
Gartley Pattern Complete
Even number
Prior downtrend (bearish bias on higher TF)
Shorting via limit order. Cheers!
GBPUSD Short - Back Side Retest to Fib ExtensionThe pound is in a multi-week downtrend. Here's a setup that takes advantage of SMA resistance that may help add to the bearish momentum. Back side retest will provide some resistance at entry which may trigger continuation. Cheers
USDCAD Short - Resistance ConfluenceHey traders, quick look at USDCAD - Lot's of resistance here and no reason to assume a breakout on this pair, fading to mean. Active. Cheers.
NZDUSD Short - RBNZ Rate Cut - Bearish BiasHey Traders, RBNZ announced a rate cut which sent the kiwi lower. There was a rebound to the breakout line, indicating a good level to potentially play some risk against the resistance. Cheers
