Checking out a buy of GA, looking at targets at the next two levels of buyside liquidity at 20 & 50 pips.
Waiting for lower highs to confirm a sell opp in these three GBP trades. All charts look similar. Forming a slight trendline on the top side and price currently pulling back to the horizontal level above. A lower-high gives us the confirmation we need for a nice 5.5:1 RRR.
EU has retested for the 3rd time off of the below trendline. If price closes above the most recent high on the 15m we may have confirmation for a nice buy for a 2:1 ratio. There is a ton of EUR news today starting at 5am Eastern time. Watch out for that, but the structural confluence of price being near the below horizontal level and rejecting its 1H trendline,...
Price looks to be reversing on the 1H and 15m timeframes. Usually when price goes 100 or more pips off of 1 or 2 1H candlesticks, it reverses for at least half or slightly more of those pips in the opposite direction of the original move. Understanding this, and the confluence of price rejecting the lower horizontal level, we have reason to consider a scalp-buy up...
EURNZD Sell opp looks to be forming as we look at this upside down triangular structure on the 15m and 1H charts. In the grand scheme of things price has broke its Weekly uptrend line on the daily, and it looks as if we are currently witnessing a retest of that uptrend line. If the retest scenario plays out, I am looking at taking a sell upon the break and retest...
Lower High on GBPJPY. No news in site. Price also providing a bearish engulfing on the 1H. I will probably place a sell Limit order around 140.017 to enter me into the trade. That way I keep my overall risk between trades low. If I'm entered into the trade, I'll be at a better position. If not, I'll be ok. Alternatively, I could also just enter market execution...
Looking at a sell watch for GBPCHF. Currently we see price trickling down within this 1H downtrending channel. Price has been respecting this downtrending channel and also seems to currently be respecting the horizontal level above. There is no news in this pair for today, so I'll simply be waiting for a confirmation via a lower high and more bearish action before...
USDCAD has formed a few lower-highs from the larger zone above. It also seems to be retesting off of the bottom side of this 1H trendline above. Looking at the bigger picture, price has broken out of its channel on the daily time frame and also has retested off of the bottom of it. Considering news, there is a ton of USD news starting at 8:30 with unemployment...
Taking a sell in US30 as a result of the lower lows that have been developing. Price also has given us a small head and shoulders formation on both the 1H and 15m charts. There is no news in the USD until Wedensday morning with Non-Farm Employment change, which is a big one. So i'll probably hold this trade til the beginning of tomorrow at the latest. Stop loss...
Taking a Sell Opportunity in BTCUSD. I'm thinking long term on this trade. Usually when new high is achieved BTC likes to drop tremendously. Currently I'm going with the same prediction. There is no USD news the rest of today and off course BTC is making its own news. Basically I'm taking this trade down the the trendline below, and if there is enough momentum,...
WTF. Waiting to see what's going to happen. If price rejects heavily, its sells all day. But if price holds at this structure and continues, I have no idea what the profit target will be honestly lol.
Clean break and retest to the downside. No news in the AUD until 4:30pm New York time and then again at 10:30pm with some high impact news. As structure continues to give bearish candlesticks, I'll begin looking for my entry point. We may be due for a small retest before we see continued movement to the downside. This high impact news tonight will also tell us a...
Price has broken the above horizontal structure and is creating the beginnings of a lower-high, which will provide us with an entry point. I will look to make an entry if the current candle close below the previous bullish candle. No GBP news until 9:30 am New York time and no USD news until around the same time. This move could turn from a 2:1 PL ratio to much larger
Gold has continued its downward slide lately, continuing to make lower highs as it moves down the chart. Vaccine and stimulus news have definitely boosted the strength of the dollar over the past week, and the fact that Gold moved like that on a week where we had an extended holiday, only suggests that more bearish moves are ahead for the pair. I see lower highs...
Sell Opp developing in USDCAD. Price has broken and retested on the bottom side of an important horizontal structure within this larger zone. Price has already formed a lower-high which provides us confirmation that a sell opp might be developing. Additionally there is no news in this pair until 8:30am and 9:30am New York time. I am not hoping into this trade yet,...
EURAUD Buy opp here. The European union has been getting great news about the recent $1.8 trillion dollar stimulus package. The European Union has also been having great conversations about settling a Brexit deal. With that in mind the EUR looks strong. The AUD is looking good as well. There is important news coming out tonight at 6pm. But other than than that, no...
USDCAD has given us a false break to the downside and now is trickling back within these two major zones. There are two important FOMC talks today at 12pm New York time, but other than that this pair is free from fundamental drama. Structurally this trade will have a huge Profit:Loss ration. Both to the smaller zone in the middle and then possibly to the upside....
USD CAD rejecting the zone its currently in and the below trendline. Seeing bullish action in this pair with a short TP of 20ish pips. No USD news until 1pm and no CAD news until Wednesday. Structurally this looks like a nice trade opp. This could be a nice long term buy as well, since the CAD has no news and the US elections are over. US markets seemed to bounce...