GBPUSD with a bearish engulfed candle. Indicator with overbought signals
I am shorting eurusd based on the daily indicator. I am expecting Eurusd to fall atleast 200 pips and maybe some more. I am trading this purely off my indicator
Range Indicator showing buying zone for long continuation
The dollar made a new high today bouncing of at critical 100 level on dxy. Range delta has been able to break above bearish trendline on indicator and want to be buying usdjpy for the longterm. Many pips ahead for this year.
NZDUSD showing overbought on the Range Delta Indicator. I am now shorting and following my rules.
Shorting the Aussie Dollar as we are overbought on the Daily. Trading this purely from indicator.
USDCAD retracement coming back into buying zone for the higher dollar. Take profit is at 200 pips
USDCAD broke resistance and is showing very good technicals for a long. Very bullish
AU has had quite a push up over the several days back into an old trendline. I would be watching for a potential reversal. Areas to take profit would be at the 50% fibbonacci at .73651
Usdcad coming back withing resistance levels. I am expecting a pop down then a burst up! Take profit on both sides are shown
Shorting gbpusd from resistance and taking profit from fib extension lower
THis is a weekly chart because I want to show you the weekly breakout we have had. This breakout suggests that Eurusd will be falling much farther as it has broken year long channel. I want to be short from this retracement and have my stops above the last high. The risk reward is not pretty but it does offer atleast a 1:1 and could be a decent 300 pip winner.
After yesterday's doji close with test if trendline, we have an opportunity to go short in the trend continuation. Depending on your style, you can get 1:2 risk to reward ratio or a 1:5 risk to reward ratio. Take profit is the fib extension of the previous support near .6800
AJ has currently broken the 4 hour hour timeframe and is currently testing the latest support. If this zone breaks, I'm expecting further decline into audjpy into my take profit area of 83.0 ; The risk to reward is 1:1.7 which is pretty good.
AUDUSD is at a double top where the Aussie should struggle and retrace back into a support. I have take profits above a well defined support and trading a 1:1.8 risk to reward ratio.
USDCAD is coming into weekly trendline supportive area. I expect usdcad to bounce up for atleast 150 pips and then maybe decide the trend whether higher or trend to break to the downside.
On Usdcad, we have a huge opportunity for long. Usdcad has gone down into previous supportive area where the last daily candle closed as green doji. The fibbonacci retracement is at .382 from last high. This buying zone was the last support from the last high as well. Overall, this is a great buying area into a bullish trend where I am expecting take profits...
Current nzdusd has hit my 272 fib extension and is showing oversold conditions on my indicator. I have opened a small-medium position risking 2.5% to make over 5%. I expect nzdusd to retest last support which is in my zone for potential sells. I recommend a small-medium trade size as we are trading against the current trend conditions.