Went short on the this pair after the RSI and Stock indicated it was overbought. I went on the 15minute chart for a day trade. Went well! Target almost hit but decided to take profits at 0.74450, about 3 pips away. Felt some resistance. sometimes better to not be greedy. I am happy with how it turned out.
I believe this pair is hitting the top of a descending triangle and may be ready to fall. Stop loss in place for protection.
I believe that this pair is in the next wave of an Elliot Wave and going for big run! Has been moving sideways for some time, should break one way soon.
Here USDJPY is testing the upper channel after it found support at 100.400 region. If it breaks this with volume will change the trend and will go up. if not it will be pushed back down to 100.4 level.
Hitting the 68 Fib and strong resistance here. looking for a small pullback here. Should be a day trade or swing 2-3 days.
I believe this has been consolidating for a while and now has broken above the triangle. It has pulled back and I have entered a long position. The chart is in a general uptrend and it should continue up after this point. My stop is just below the triangle in case it does break down. Happy trading!
I believe it is in an uptrend here and in the channel, it is at an important level at the moment if it breaks up will go for 1.32 and 1.33 if breaks below this might revisit 1.28 area fast.
Copper in a long term trend down. Once it breaks out of the triangle will break down.
on the daily it looks like it is in an uptrend going for second wave in an impulse wave.
Price bounced off the 38.2 Fib line and looks like forming a impulse wave
Shorting USDJPY based on it being at the top of the channel and hitting the 100% retracement level. Looking for a bounce back down to 105.5 then 104.68
I am short USDWTI based on the falling pitchfork and falling wedge. Also the fib levels on the Daily chart. If it breaks the .27 fib line I believe it is going back to the .382 fib level which is why I am going for short to just above that.
Based on the daily pitchfork and a rising wedge I am long USDCAD, with target at 1.31818. If it breaks this level then I will look to go long longer.