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!
Gmercerfx
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
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
NZDCAD Short - Bear Flag ContinuationHey all, looking to short this pair. I like the way it's setting up after a short term rally on the 15m chart. Cheers
NZDCAD Short - EW TriangleNZD is weak and weakening and the CAD is strong and strengthening. The pair is falling in what appears to be a continued falling wedge - an elliott wave triangle. I like a short here with a relatively tight stop and a target near the opposite triangle barrier. Cheers
NZDCHF Short - Bearish ChannelNZD has shown continued weakness since the RBNZ released its dovish statement last week. I'm speculating a Franc reversal to the upside to send the pair down further. Should be about a 2-3 day timeframe on this trade, but price action will be the ultimate deciding factor. Active immediately, cheers.
USDCAD Short - Gartley & Butterfly PRZ ConfluenceI am adding to this trade as this pair continues to drop. Looks like continued upcoming weakness for the USD against strength in the CAD. Technical analysis looks good to support the prediction. Targets align in the PRZ of Gartley and Butterfly patterns. Trading from the 4H chart. Cheers
EURNZD Long - Continued EUR Strength, NZD WeaknessThis is a pair that could rise throughout the week through Wednesday's NY session. NZD has shown tremendous weakness over the last few trading sessions and EUR is nearing a breakout point. I like the R/R with a relatively tight stop, keeping an eye on the 15m timeframe for an exit strategy if the pair does not reach 1:1 within 4 bars. Cheers
EURAUD Long - Intraday Scalp on Continued AUD WeaknessAUD is weak on RBA dovishness less than 24 hours ago and I expect it to continue throughout the NY session. I like the strength of the Euro after US equity markets opened. This will be a short-term intraday trade with a moderate/low R/R. Some choose to ignore a R/R lower than 2. I like to risk lower capital for high percentage low R/R trades. Trade your plan. Cheers.
EURCAD Short - CAD Strength Throughout NY SessionAs the title suggests, CAD looks strong in the NY session. I like this spot for a EUR reversal toward the downside after strength in the London session. Good R/R, and I like the odds. Cheers!
CHFJPY Short - Speculating on a Risk-Off MoveI like the Franc long and the JPY short. Although the technical setup isn't perfect, this is a great R/R following a nice bearish impulse on Monday. I predict this move to continue through the rest of the month, with profit-taking on or around March 31. Cheers
AUDNZD Long - Continuation from HereLooking for long continuation from here on this pair. AUD coming up on an indicative support level, and we have significant resistance on the kiwi. Looking for at least a 2:1 swing trade. Cheers! Be safe
AMRS: Potential Breakout OpportunityHey Traders, just checking in with a quick update on a potential US equity breakout. I like the way this is setting up on all indicators. Good price action, tons of potential return and limited risk. Cheers. Looking at entry at current level.
AUDJPY: Elliott Wave + Harmonics to Maximize R/RHey traders, this gartley pattern completing near the invalidation level of a bearish impulse. This is confluent with many MA clusters on many timeframes. The R/R is high and the win likelihood is low compared to a wider stop, so trade size needs to be diminished in order to take a trade like this. However, there are many factors confluent with bearishness at this level and worth a shot. Cheers
GBPCAD Breakout! LongHey traders, hope everyone is having a great start to this action-packed trading week. GBPCAD is on a tear upward with little resistance above. Hard to fight this one. A Gartley on the lower TF may introduce a buy limit opportunity to start or add to long positions on the lower TF. Targets are higher, around 1.84. Fundamentally, CAD has been week and NAFTA worries are high which may weaken CAD further. Cheers
EURAUD Downside After RBA StatementHey traders, the R/R is nice on this potential setup. Prophecy is completing on the lower timeframe.
NZDCAD Short: Gartley Confluence, Fade CAD GDP WeaknessHey traders, I like a short here at the completed smaller Gartley pattern. There is confluence on the higher timeframe and the data was not as weak as the market would suggest. Looks more like a brief rally that will be followed by continued weakness. Cheers
GBPUSD: Potential Short Here to Bat CompletionCable is bouncing around some important MA's on multiple time frames. I like the resistance above current levels so a short is appealing based on R/R. TP at bat completion. Cheers
EURNZD: Potential Short Ahead of RBNZ StatementHey traders, I'd like to be long NZD and short EUR by 3:00 EST. I'm taking a short position here and aiming for the confluence between two harmonic patterns. Cheers
AUDJPY Long: Moving Toward Bat TargetI like AUDJPY long as we look to further weakness in the yen and strength in the Aussie. Bat action magnet move may bring the pair further higher. Eyeing the target line for TP if the trade follows through.
Bullish AUDNZD: RHAS, Missed Pivots Above Breakout LevelShort term resistance has been broken and the pair could potentially rally to the missed pivots above. A reverse head and shoulders pattern has also presented itself indicating potential bullishness.
Bearish EURAUD: TL Broken, Resistance at Top of ChannelResistance is being upheld at the top of the bearish channel. strong bearish candle indicates potential downside forthcoming. Large R/R if the trade is activated. Cheers
