We have respected trendlines, support, and the 61% fib on the monthly timeframe. On the daily timeframe, the support is being tested repeatedly in addition to breaking a trendline and in return testing the trendline as resistance. So we are waiting for a4H confirmation and then we are ready to execute. Should be ready in the next few hours or really...
We are still respecting resistance on the monthly trendline to validate our shorting opportunity. We have several targets set up as well. We should get confirmation in the next few hours or early next week. We have impulse patterns, trendline, 88% fib, structure on the monthly time frame; daily harmonics pattern closed. We just need to close the below structure...
We observed major support at the 1.6187 level. now we are looking for buying opportunities as the lower timeframes are just about ready to give us the signals to make the long. BE SAFE!!!! RR - 1:2.33
We reached the 127% Extention fib which aligns with the monthly structure at the 0.6870 level. We are experiencing resistance at this level as well. Now we must wait for confirmation on the daily/4H before entering. RR - 1:2.98
We tested new support three times, confirming this structure. now we need to break a new daily trendline and retest it. In addition to that, we are waiting for entry conditions to give us the green light after the set up becomes validated. GOOD LUCK TRADERS! RR - 1.3.6
We have covered the set up for this pair in the past. we were waiting for the price to approach our entry and give us buying signals. Now we are essentially ready, we are just waiting for entry conditions to be given. So, in the next few hours or days, we should be ready to pull the trigger RR - TP 1 - 1:3.22 RR - TP 2 - 1:6.0
We are testing a 50% fib and monthly structure. However, there is a trend line that we are needing to break and test prior to validating the set up. Then, as usual, entry conditions must be satisfied. GOOD LUCK TRADERS!!!! RR - 1:2.68
We have witnessed the completion of harmonics on a daily. now we are testing the structure as support and awaiting 4H confirmation and a more favorable entry. With this pair, we are in a bullish channel on a weekly so we are going to dynamically move SL and TP accordingly-- scrapping away as many pips as possible. We might not see something come into fruition...
We already entered and profited on this pair from our initial analysis several months back-- when the trade matured and was given the green lights by the entry conditions. However, for those who missed this trade, we are seeing an opportunity being presented to reenter on a short (or add another position). We are waiting for confirmation on the lower timeframes...
We took a profit in our long position. We saw some resistance and consolidating in the anticipated region and in addition to that, we are seeing the confirmation and completion of a harmonics pattern. Based on our multi-timeframe analyze the trend on weekly/monthly is bearish. We are being precautions this week as fundamentals for the president-elect for the US...
WE HAVE TESTED AND RETEESTED STRUCTURE. This aligns with the 61% Fibonacci and the monthly trendline. We are currently waiting for the 4H timeframe and daily to give us the confirmation needed to execute! We are being precautions this week as fundamentals for the president-elect for the US and potential vaccines make the global markets a bit more volatile. Last...
We have been discussing this part for the last several months. And after taking profit initially we were waiting for a test and retest of the broken trendline prior to executing a new setup. The test was confirmed and the entry conditions (4H) were confirmed as well. We are being precautions this week as fundamentals for the president-elect for the US and...
We have a solid case for buying USDCAD. We are testing the structure which is a 100% fib retracement (really healthy), impulsive bullish pattern as well as a harmonics completion on the Daily. We are simply waiting for a daily candle close to confirm the harmonic and structure as well as 4H environment to transition to a bullish context. Great set up being...
We are already executing the last leg of a harmonics pattern to the entry of our intended long term set up! We were buying the bounce on the 127% extension of the weekly leg as well as the major monthly/weekly structure. If you missed the long entry there could be a slight retracement being presented shortly, however, you can also wait for the entry of our...
We retain the previous entry of the setup first created on this profile months back. Now for those who missed the entry are being presented a potential opportunity assuming entry conditions are satisfied. GOOD LUCK TRADER! RR with new SL - 1:2.56
We are waiting for a confirmation on a pair called several weeks ago. The set up is finally coming into fruition as we await a confirmation on the lower timeframes. We expect the price to give us the confirmation flag mid next week unless the election results offer some unexpected volatility that will satisfy our entry conditions. Quick recap: Testing W/M...
We talked about the pair is ready for execution within the last 10 days and we finally saw a confirmation on the lower time frames that allowed us (based on our trading strategy) to enter and execute this trade. Quick recap, we identified a key structure with a 100% fib retracement. We tested the structure which followed an impulse push towards the upside. On...
We were waiting for a healthy retracement prior to entering a short with a confirmation of the reversal. It appears after months of anticipation we have finally arrived at this point. We were ideally waiting for the 61% fib of the month to be tested however we starting seeing structure form on the daily timeframe which aligned with the 50% of the month as well....