dcm2020

dcm2020

Hi guys, USD/CAD is the pair that is on my watching list for this week and is very interesting. The level that I am watching is 1.1917 which can a trend line from 07/2013. Also lets keep in mind that the H&S has already hit target and looks like we are in 5 waves up in this pair. Time for correction or reversal? I don't know, but thing is for sure, if he gets...

dcm2020

bitcoin against the U.S. Dollar have finally reach 257.00 level which has 2 things; O.764 fib which is connected from the record low and record high and also the high which was made on April 2013 (yellow circle). I'm already long as I said on the short term graph and I like this zone because the risk is small and the reward can be massive. My long is open from...

dcm2020

bitcoin against the US dollar is finally at a level that I'm looking personally very close. However, looking this short term graph (4hr), we can see a channel that he found support today. Now the big question is; time to buy? I think so. I'm already long from 260.00, stop loss is at the low and take profit is very very big, so you better choose yours your self....

dcm2020

1.2100 is where I am waiting for Euro to find resistance and than drop to 1.1200 zone, which is also 1.618% fib. I dont know if he will go back there, but if he does will be amazing, with a very small risk and very big reward.

dcm2020

Pound is at a very important support, if breaks we can slide to 1.4800 which is 2013 low. Lets watch.

dcm2020

The Dollar Index (DXY) is close to a zone of resistance around 92.88 which is also 0.236% fib. Is in this area that I am waiting for a long time to reach and we might see a short to medium term correction or even reverse if the greenback shows some worrying signs.

dcm2020

USD/CAD had touched the H&S target (1.1639) which he formed between 2010 to 2012. Also in that area we have a channel line and 0.618% fib extension AND we can see very clear 5 waves move. Time for correction or reversal? I dont know. BUT we formed last week a evening star very beatiful but we need that confirmation which is a red candle this week at close. So lets...

dcm2020

After analysing this EUR/USD monthly chart it came to mind that we might be making a 'Three Drivers Pattern' with ABCDE waves inside of a triangle. We can see that Wave A and C came to 0.95, so if we do the same on wave C and E to get 0.95 too it came to 1.2140. I will just keep on side line to see if we get a nice reaction from this level.

dcm2020

The aussie has been sliding hard for the last few days but now we are close to big supports! Will big investors and banks cash-out their trades and get the profit from shorts? Lets watch 0.8064 and 0.7988 (red horizontal lines). Also the pitch-fork line is in that zone, RSI at 30 line and Stochastic getting in the lower zone.

dcm2020

EUR/USD its very close to a very big and important zone of support. In this zone we have a very big trend-line, pitch-fork line and indicator (RSI) at 30 line. Will big investors and banks close their shorts and start buying as we are in a very cheap price? I will be looking 2 levels: 2187 and 2115. Lets see what happens.

dcm2020

trade plan

dcm2020

USD/MXN is very close to long term trend line which is first connected at 2009. This is a great place that many trade will use to short, trying to get a correction on the dollar. 13.8400 is where I personally will try to short with a very tight stop-loss.

dcm2020

As we can see on the graph above, GBP/USD has been sliding without any major correction. Also looking at the RSI, we can see very clear that this big move has been in one way street. However, buy looking first at the RSI, I added a trend line at 2010 low and 2013 low put a extension to see where it will end and we are touching that line right now (red line). Now...

dcm2020

Dollar index can be forming a head and shoulders formation to a medium-term correction after the greenback upside for weeks without any major correction. Lets see how is reacts in the short-term and especially during and after FOMC news.

dcm2020

Hi traders! USOil is getting close to a zone that I am watching very closely, I am looking at the 0.50% fib 73.71 and the lower line of the pitch-fork 71.43. Keep this 2 levels in mind and lets see if we can react. On the other hand, everyone is talking about 75.00. Personally, I dont like to trade into levels that everyone is talking about! Maybe I am wrong, but...

dcm2020

Hi Guys, I am already long from this morning (13/11/14) at 8673 and my first TP is at 8800. However, Looking our long-trade view, we can see that this pair can fly really high and can reach 9200. (long term graph is bellow). Keep watching, and use this pitch-fork to help you, any correction is opportunity to buy in my opinion. To get more ideas from myself,...

dcm2020

Everyone on Twitter and many other website is calling AUD/USD bearish because he broke the yearly low BUT they are not looking the big picture, which in this case Monthly chart. Looking this monthly chart, we can see that he looks that he is in a descending channel, which is very clear. Also 0.50% is at 0.8535 and also a trend line. Last month candlestick does not...

dcm2020

USD/CAD reacted very well to the formation 'Head and Shoulders'. 1.1571 is 200% fib measurement of the low of the right shoulder and the high of the high shoulder. Also to keep in mind we have a 0.618% fib very close (fib of the 2011 low and 2009 high). On the other hand, to give us even more support of this zone, we have a very clear trend line (blue line) which...