USDCAD Weekly As you can see USDCAD has corrected in a large 3 wave move down, into what is very close to a long term wave 4 In this zone there is a wide area of demand coupled with a few Fibonacci cluster levels for harmonic patterns... namely butterflies... The challenge I always have with butterflies is defining the risk, and I usually wait for a candle or...
Shorter term plan, there are a few shorter term levels to be able to play off, but ultimately I think the key level is 1.12 for a longer term short... I'm going to fine tune my entries to these levels instead of the weekly to reduce risk and increase R:R
Already long as per older post, changed final target slightly to coincide slightly before the fib cluster level Rarely do I move targets, but this is target no. 3 in what has been a very good trade and there is an equal opportunity to take profit and reverse short at this level, so looking to take profits slightly before the cluster and then short nearer to the...
Bearish short term, bearish engulfing candle at Bat level
Possible Eurostoxx 50 Weekly Head and Shoulders Am also interested in the US indices on a weekly basis as I am hoping the SPX500 will close small and bearish this week and possibly the Nasdaq as well, in which case I will be shorting both of them first thing Monday
MOY0 Eruostoxx 50 Weekly Head and Shoulders Pattern Likely to follow suit with other Indices as there is appears to be a defensive shift in markets Waiting for S&P500 weekly close and if small and bearish I will be shorting on Monday
Currently position long in AUDNZD, but taking a cheeky short going for only a 1:1 initially and then will trail stops on second portion Not the highest probability trade as it is fading strong upward momentum and I do think longer term this will break higher but if I get to first target I will try and guarantee at least a small win
AUDNZD Daily Bullish patterns Already long from around 1.04, but I think it is possible to move up significantly from here I will post a larger timeframe chart on where we could go as this could be a Wave C within a Wave 4 Triangle at a macro level, It will be easier to see on the Monthly chart There are already some fib projection clusters for the possible...
I think we are in a Wave 4 correction on the macro picture, his makes sense to me as wave 1 was a simple correction and based on the theory of alternation the wave 4 could be a complex correction or possibly triangle (as shown) Right now I am currently positioned long to try and trade the C wave up within the triangle and then look to trade the D wave down to...
Notes in title, 38.2% target 1 and possibly 61.8% retracement target 2
Looking to sell based on bearish HTF clues
CAC Weekly bearish shark + alternate bat + possibly Bollinger Band reversal pattern This all coincides within a monthly pin bar on the monthly at a very long term S/R level (+15yrs) Looking for reasons to sell and watching for a indecision or bearish candle on the weekly to short
Key level going back a very long time with a monthly bearish candle Looking to short on a shorter time frame
CADJPY 4hr Bullish Bat Already long, but daily looks like it may be forming a small bullish candle as well
Position trade, already short looking to add, possible stop and reverse long at 0.9500
Looking for shorting opportunities to eventually buy around 107 if it gets there