dcm2020

dcm2020

Hi Traders, Today $USDCAD made a new yearly high above 3352 and trend line on RSI there is also breaking which indicates more upside is to come. However, I prefer to sell $CAD against other currencies too and one of them is $GBPCAD. I am buying $GBPCAD here with Stop loss bellow today's low and TP at 78,6% fib around 2.0750, a Risk/Reward bigger than 3/1. Also on...

dcm2020

Hi Traders, We were in a descending triangle on SP500 but we broke today and went higher until he touched the 61.8% fib and reversed during FOMC. We close in less than 1 hour and he is well back inside of the triangle. I am already short and in good profit already. All I need now to give me more conviction is the trend line on RSI to break. Thanks! Thiago...

dcm2020

Hi traders, At the moment we are at the bottom of a long channel on the $DAX. I think it is worth to try a long here because of the risk/reward. As you can see on the graph, my trade plan is to buy here with SL very close and a TP near 10,610. Ratio: 4.09 (amazing!). However, long term I am bearish indices, so I recommend buying small here. IF we see RSI...

dcm2020

Hi traders, Today is NFP day and the market will be probably be boring until the news comes out. So I was just looking this graph of $EURUSD 4hr and he is inside of a triangle at the moment, which is normal to lock himself before a big event. However, by looking RSI, the trendlines are there, but I personally prefer the second one (to be broken down) which will...

dcm2020

Hi Traders, The RSI on the USDOLLAR 4hr broke out the trendline which held the last 3 highs. This gives us the alert that USDOLLAR MIGHT go higher from here, which means that currencies against the USD will go down if USDOLLAR really gets pace here. Also, my long term USDOLLAR is bullish which gives me a better view. Thank you for looking! Thiago...

dcm2020

Hi Traders, I trade for 8 years and all these years I have been using RSI which is a free indicator which also does not lag. However, I use him with trendlines connecting with higher highs or lower lows so I can see a signal when he breaks this trendline. As you can see the RSI with those trendlines, everytime he breaks those lines it indicates a breakout and...

dcm2020

Hi Traders, DAX today reached its channel resistance and also resistance line around 11,620. I expect for him to find resistance in this zone, however, It wouldnt surprise me see him making another high tomorrow to touch that 0.618% fib at 11,731 and fall, HOWEVER, we need to close the daily bellow channel line to show that sellers put some short orders. Stop...

dcm2020

Hi Traders, I was just checking this $USDCAD monthly chart and I found out a pattern that I like the most and very powerful one. It is called ''Cup and Handle'' and is a long term formation that takes months to build. As we can see, it started building in 2009 and we are very close to break out the horizontal like we starts the effect of this pattern. The target...

dcm2020

Hi Traders, $USDMXN just came back to my radar which pressed nearly at the ex resistance, now support 15.5922 level. I just went long and my stop-loss is just below. Regards, Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader

dcm2020

Hi trades, USOIL is retesting this channel but from outside. Can he find resistance and reverse? Let's see. Good Luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader

dcm2020

Hi traders, This is one of some pairs that I am currently watching because it is very close to a breakout. Looking at the daily chart we can see that we are in a triangle type of formation, RSI is very close to break trendline and if we look a longer time frame, it looks that we may completed the wave 2 and now on the way to make wave 3. Breaking and CLOSING...

dcm2020

Hi Traders, I just opened a short $NZDUSD with a very tight stop loss. Lets see if this works. Thank you, Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader

dcm2020

Hi Guys, USOIL seems to be in a triangle which is very close to breakout. I left a order at 55.37 (0.786% fib) with SL at 56.05. My first take profit is at 53.70, second at 50.50 and third 47.00. Look RSI to break out too. Thank you! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader

dcm2020

Hi Traders, I just closed all my long term longs on $GER30 as I think we are in a great place to reverse or correct for a long time. As we can see on the graphs, waves with equal legs and we just completed 5 waves up. Also, RSI at trend line resistance. If I see anything bearish on 4hr, I might try to short in few days. Thanks! Thiago...

dcm2020

Hi Traders, Pound is at a very important area for a bounce. If we zoom what we can see that the pound has been in a very long term channel which has been working perfectly. I will be looking to get long in the blue box with tight Stop-loss. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader

dcm2020

Hi Traders, Pound is working perfectly well within this channel. Looks like we can reach 1.4950 and then maybe a jump. Thanks!

dcm2020

Hi traders, As I just showed few minutes about the AUD/USD, I am looking NZD/USD to see a reaction at the line of the channel which has been in play since Setember of last year. Let's see if we can see a top in that area (blue square). Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader

dcm2020

Hi Traders, I am looking at aussie today to see if we can get any reaction from the line of the channel which he broke tonigh. IF we can some failures at the line, I might try ti short with a very tight stop loss. Good luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader