Major_PipsFx — Trading Ideas and Scripts

, 60

Short

I believe we can see some downside here. Price has bounced of the 61.8 fib level and looks to have created a triangle pattern. I’m not currently in any positions, I will wait for a breakout of the rising wedge for a short position.

USD/CAD ( Triangle Formation)

USDCAD

, 30

Long

Major_PipsFx Jul 8

I think USD/CAD is playing out a triangle formation. We saw 4 touches a breakout & what seems to be a retest. Just waiting to see what happens now.

Running Flat Formation

USDCAD

, 240

Short

Major_PipsFx Updated Jul 8

Here we have a Running Flat Formation. At point C it looks to me that price has broken the small upward trend it was in and has imprinted a H&S formation and broken to the downside. I'm waiting for a retest on the previous new structure low (NSL) before taking an entry.

CAD/JPY

CADJPY

, 240

Long

Major_PipsFx Updated Jul 2

Since my ascending triangle formation has violated its characteristics it is no longer valid. I took this opportunity to revisit this pair and start again. I still believe price is operating from the Double Bottom Formation so I'm still looking for price to go up. Here we have 4 touches on our Trendline & A Expanding Flat Formation (highlighted in blue letters). I...

USDCAD DAILY (11/5/22)

USDCAD

, 1D

Long

Major_PipsFx May 11, 2022

Here we have usdcad in a uptrend channel where it has only made 3 touches so far. we did get a breakout of this channel but price was able to give us solid bullish candles to get back in and close within the channel giving us a fake out (Highlighted in graph). This fake out also gave us the 4 touch of an inner channel which has also given us a flag pole formation....

Dxy ( Dollar potential to reach $111

DXY

, 1M

Short

Major_PipsFx Apr 24, 2022

I believe dollar index has the potential to reach to $111. At that point I will be looking for sale positions because I believe that the dollar will then crash and hit $63.