Very Interesting Chart! I'd like to take a break to the North...
How's this look for a bear flag? If report is negative here's a play.
I like this as a continuation trade if it breaks yesterday's high..
It busted out a while back and has retraced.
I have been watching the retrace on the daily and it looks like it is about to stall and reverse.
GBP tanked and then retraced a recovery. I'm watching for a breakdown to 1.6 ish.
I just took this trade short. We'll see what happens.
I put in a Buy Stop at 83.14. stop loss below right shoulder and target close to 84.5
I am watching this retracement to resell this pair into a double bottom.
I am setting pending order to sell below today's low. Target about .8450
This is puzzling right now to me. You would think EUR would be showing weakness and CAD now recovering strength because of oil but neither is really moving this pair. Unless it makes a big break in either direction, I am standing aside.
This pair has just come off a multi-year high. Does it really make any sense since Norway is pretty solid on cash and Europe is a mess? With oil at support, I am going to short this right shoulder.
I am posting this as a reference. I am looking at some CAD trades. Fundamentally with heighten drama around the world I could see a rally from here. Watching closely