TheTradingDistrict

TheTradingDistrict

Price has been testing the 2.90's resistance zone and has finally broken through with a possible retest. Price looks to be moving to the upside towards 2.35's. We will be entering once we have clear indication of this retest of the breakout.

TheTradingDistrict

Price has been down trending for a while and now forming a rising channel pattern. We expect price to break the lower trend line and continue to the downside. Aggressive entries can be at the break of the trend line support. Conservative entries would be waiting for the break to occur, then enter upon retest at the sell zone. (0.8930's). Always wait for the...

TheTradingDistrict Updated 

Price has made an inverted head & shoulders on the 4H/Daily time frame. Price is currently at a key resistance level @ 108.600's. If this structure is broken, we can find price moving to the upside. A falling flag pattern has formed on the 1 hour time frame in which has already broken its trend line. This is strong indication that price will rise. An ...

TheTradingDistrict Updated 

Price has been respecting the trend line support indicated on the graph and currently broke the recent support, now resistance level, of 0.6745. We are keeping an eye at this minor zone. If we see a rejection, we can expect a push to the downside.

TheTradingDistrict Updated 

Price has met strong resistance @ the higher 54.00s. Looking for price to break into the 55.00s before we make entry to the upside. Looking to target 56.50-57.00

TheTradingDistrict

Natural gas has been in downtrend since earlier this year. We recently had a break out of the downtrend and make a retest. Price is looking to break 2.350 resistance with a Inverted Head & Shoulders pattern indicated our move up. We'll be looking for buy entries around this area and will target 2.650 s.

TheTradingDistrict Updated 

Price is currently testing this level 108.450 resistance for the third time. If we break this area of resistance, we can find price moving upwards to the next zone 109.20 We are waiting for the breakout before entry.

TheTradingDistrict Updated 

USOIL has formed an inverted head and shoulders pattern. We are currently at the neckline ~53.60's where price has touched many times. If price breaks, we can expect price to move to the upside. Price could move up to the first zone @ ~53.97 then we may find a retracement/retest of the neckline before price moves to ~54.30. Waiting for breakout as confirmation...

TheTradingDistrict Updated 

Price is currently pressing key level resistance @ ~1.33400 on the daily time frame. If price breaks and hold above this level, we can expect a push upwards. Let's wait for confirmation as always. Find entry above the breakout around our resistance zone. I will be looking for a bullish daily candle holding our key level resistance. Potential 70-160 pip...

TheTradingDistrict

Price is currently hovering around our major key level support of 106.600. This level has been tested many times as resistance. Will this price zone hold for a buy or sell opportunity? We will enter a buy position if price holds this area and makes a confirm uptrend with a take profit around 108.450. If the price breaks this support level, we will look for sell...

TheTradingDistrict

Oil has been in a descending channel for a little while. It looks like price broke out of the channel and now making support at lower 52's. Could this be a breakout and retest for a potential upside move? Potential entry along the 52's for at support if we have confirmation of an uptrend. Looking to target 54's price zone.

TheTradingDistrict

Price has massively sold off these past few days. USDJPY now approaching previous support forming a double bottom. If we find a strong rejection from this support, we can look for temporary longs to the .382 fib retracement for ~40 pips. Let's wait for confirmation. Entry: If price action allows, ~107.150 SL: 106.915 TP: 107.550

TheTradingDistrict Updated 

USD/CAD has been ranging since mid September and we're anticipating a break to the downside. If price could break below ~1.3230 and maintain, we can look for sell positions. In addition, price has fallen below 200EMA on Daily and H4. Let's wait for confirmation to find a sell entry if price breaks and holds below. TP 1: 1.3180 TP 2: 1.3140

TheTradingDistrict Updated 

GBP/CHF H4 time frame making a head & shoulders pattern. Price is currently at key level support. If we break this support, we could find price moving to the downside. Potential 100+ pip if we can find good entry with confirmation. Overall trend: Down Stop Loss: ~1.2300 Entry: roughly 1.2190 zone TP 1: 1.21200 TP 2: 1.20700