SKW-CG

SKW-CG

Price was bouncing since June, and the TLCAN deal could be close soon boosting the CAD, so let's see what happens the next weeks. If the price makes a zigzag action to the downside I start looking for long positions. Cheers!

SKW-CG Updated 

The pair heads into the Asian session retaining its short-term negative tone, according to technical readings in the 4 hours chart, as it's now developing below its 100 and 200 SMA, but more relevant, below the mentioned 111.20, a Fibonacci level, now the immediate resistance. Technical indicators in the mentioned chart have extended their declines within negative...

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The Australian dollar fell to 0.7795, its lowest level since mid-July, but cut half of its daily losses before closing, helped by moderate comments Kashkari, who said the Fed should not raise rates unless inflation reach 2.0%. The pair closed bearish for a sixth consecutive day, ahead of the RBA's monetary policy meeting, which has little change to reverse the...

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The USD/CAD pair is headed for the first weekly gain in four, with the recent upmove courtesy of a dovish BOC statement and hawkish Fed Yellen’s remarks. USD/CAD: Upside capped below 1.3300 Currently, the USD/CAD pair trades modestly flat at 1.3268, hovering close fresh five-day highs reached at 1.3272 in opening trades. The spot oscillates in an extremely slim...

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This is my wave count guys, the BOE can make a huge movements sot trade with care.

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The sharp spike in 4H can provide good volatility to start with a down trend, be careful.

SKW-CG

The usdjpy is oversell in month graphic so it need to rest high before to continue the down tendency.

SKW-CG Updated 

The price test the support area of 1062 just to make some action to the upside, The bulls will maintain the power?? Hopefully :P

SKW-CG Updated 

Hope that the price make a triangle because is the easy pattern to trade when it complete the structure, just try to find a overbought level in intraday basis to sell, if the price go up to the 185.33 level the pattern fail but the structure remains bearish with the alt count and an overbought in 1H basis

SKW-CG Updated 

Well as I said in my past post that the price could make a final wedge, but the structure of the wedge is really creepy, we still in halloween? XD also the upside run yesterday are creepy too it doesn't look like an impulsive wave because all the up waves are overlapped, unless it means that we are seeing i-ii i-ii 1-2 waves and the price will just explode to the...

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The price fail to maintain the pressure to break the red channel, also broke the Oct-Nov trend line(pink), that suggest that we are still in a corrective pattern, the only way it can be an impulsive is in a final wedge but it doesn't fit in the "big map" considering that the last big correction was from July/24/2012 to May/08/2014 so I think that the corrective...

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Short positions below 86.61 with targets @ 86.25 & 85.85 in extension

SKW-CG

Impulsive waves to finish c and (ii) so it's a good risk reward ratio, stopL in 102.26

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Looks like the triangle is done, and the (i)-(ii) wave to the down side too.

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cmon bulls!!

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We have a little price action know as low - lower low - highest low, just in the brake of the tendecy channel, so it can be a turn point? Let's see..

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As you know, from July of 2012, the EURUSD is on a weak bullish movement, so remember that the trend is your friend, so why to put it on a bearish perspective?, we have a huge correction the past weeks, so if the price will rise up again, this is the best moment to look for a cheap EURUSD.

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The price just broke the tendency line of the bottom correction, so whats next?, US and EU will give us good fundamentals to start a new rise up to 1.47 or this triple zigzag can be a killjoy for the bulls that will have to wait more weeks? :0