DavidCallwood

DavidCallwood Updated 

Over the next few days, some time into Tue-Thurs of next week #EURJPY could experience a bit of profit taking and offer a deeper retracement. If we get a H4 close below 132.15, it is likely that we will see further selling down to 131.00 +/- followed buy aggressive buying pressure. TARGET FROM 131.00 +/- is 136.00

DavidCallwood

Since arriving to our 1:1 EXTENSION $CAD is turning as anticipated, not much to say about this trade. We've been waiting for price to touch 1.2290/1.2300 then find buyers stepping in at 1.2320. So far that is what we are seeing play out. Our entry is at 1.2330 with the primary target 1.25 with understanding price action can breakdown again at 1.2450. What are...

DavidCallwood

#GBPUSD Short Entry 1.3925 (Limit Order L/O) Stop Loss: 20 Pips Take Profit 200

DavidCallwood

Based on Structure, just sharing what I am seeing that can happen. No need to force it, rush it or see things for what they aren't... If it give us a good BUY setup I will update the chart and also do the same when/if it offers a good SEL (when the time comes). Happy trading...

DavidCallwood Updated 

Let's see is the infamous DOW offers a temporary short during or leading into the US session. Looking for selling op's on 15-min and to protect position early by moving to B/E (to the down side) or wait for buying opportunities near or below 34120

DavidCallwood

Almost to the buy area/target! 1000 as forecasted in the original post

DavidCallwood Updated 

Looking for GOLD to complete this next leg up before making one more strong finish to the down-side in the area of 1125-20/oz. I am always interested in getting your own personal view as well. Please like and share and/or follow if this helps you, even a little.

01:29

DavidCallwood

GOLD: Long to Complete Correction *UPDATE TO PREVIOUS POST

07:36

DavidCallwood

COINBASE:BTCUSD Looking for BTC to make another small move to the upside. The previous setup was very successful based on what the market presented to us and I anticipate this next move one can be just as, if not , more profitable if traded properly. IMPORTANT NOTE: Corrections can become more complex over time because and we as traders are only...

03:05

DavidCallwood

NOTE: This correction is LONG/BULLISH correction overall market in down. Market is currently still in a downtrend structure. Protect your profit and trade with care...

DavidCallwood

This trade may take 2-3 more days to setup but I think it's will be a really good R/R trade to the downside when the time comes. In addition, if price action breaks the lower trend line before reaching 7550-7600, It would be a good idea start looking for selling opportunities sooner than later. I haven't posted in a while and thought this may be a good opportunity...

DavidCallwood

Simple... Keep It Simple! Downtrend, lower lows lower highs, since most recent impulsive short move we witnessed corrective price action to the 61.8 fib level, and I am currently looking for price action to continue to the down side, even lower than my target on this 60 min chart.

DavidCallwood Updated 

Anticipating a bounce off the 1.4430 (61.8) area and a possible retest before a long move. If price action breaks through the 1.4700 handle with a nice impulsive move I will look to manage trade accordingly during correction for a carry of about 500 pips from entry at/near 1.4450. The objective is to target 1:10/15 risk/reward depending on stop loss of 50 pips...

DavidCallwood

Hi Traders, I don't typically trade this pair but I like the setup to say the least. Impulsive short move (a), followed by the current corrective price action (b), while i'm on the side lines waiting for the beginning (0.7660/700) of a possible (c) wave to the downside. Risk/Reward for this trade seems like it will be very good. Stop Loss, depending on how close...

DavidCallwood Updated 

Several forms of analysis come together in this picture... WAVE ANALYSIS: 5 wave down then what seems to be a wave a/1, an expanding triangle/wave 2 of an possible abc correction. SUPPORT & RESISTANCE: Price action found support/buyers at/near the 1.4430/00 handle bouncing off the 61.8 fib level (confluence) with consideration of divergence in play. FAMILIAR...

DavidCallwood

Another FAMILIAR setup* FX:EURCAD had setup a nice FAMILIAR 3 point turn, printing a low, lower low and a higher low. Similar to my recent EURAUD: forecast. Buying dips (40/50p retracements) on a H1 chart can provide very profitable trading opportunities. Considering the fact that order flow is accumulating bids, this pair can soon become aggressive to the upside soon.

DavidCallwood Updated 

Really simple, AUDUSD broke below 0.7690 with impulsive selling then found buyers at a trend-line support (0.7550), anticipating a pullback of price to return to the 0.7690/80 area before continuing lower. The first target 0.7550 200+ pips (prior swing low on the 240 chart). with 2nd target being 300+ pips. Entry 1: Sell 0.7690/80 if price action retraces Entry...

DavidCallwood Updated 

Good probabilities for long position, buy at market...