January and Feb looks to be very very slow in the markets. well for my type of trading . I trade mainly on the daily time frame..... anyways. I have a long position for EURUSD. I have a long position based on the tight range we have found our selves in over the last 4-5 months. This is a 4 hour time frame. holding this to see how this plays out on a 0.5%...
Seen this head and shoulder pattern on daily with a ABCD respect on the CD leg take over from 61.8% supply handle.
With oil picking up steam, I expect all cad pairs to correlate with its long bias. fed powell given a short term confidence in the market making every investor dump some of their X/JPY shorts to long positions. looking back out USDJPY analysis as well as CADJPY analysis posted weeks ago have all been met with precision. we did however experience some flash crash...
This is just a pain trade based on what is going on in the middle easy. this is down for a very small exposure. currently monitoring in short on this lets see how it turns out.
Currently taking a short on this ranging pattern. I already have a main short on this pair already which I have posted some few weeks back. and I al taking the opportunity to go long and short on the ranging which was been happening over the last few weeks as well. with very strong tight demand and supply compressions I am short on this pair inside my main short...
Compounding previous setups posted months ago.. expecting some small push to the up side then a rapid sell off to kick in.
fibs, supple and demand break out on top down levels met especially on monthly. I am given this long trade at least 3 weeks to 8 weeks to achieve.
Overall picture points a third touch on the weekly ascending trend line. looking at price action for breaches to hit weekly retest levels. I see price heading to 7200 zone before a major break out to the upside in 2019. for now a 180 point target with 0.5% risk exposure for a 1:2 ratio.
CURRENTLY WAITING FOR A PUSH UP . WITH DXY FALLING AND OPTIMISM ON A BRXIT DEAL I SEE THE GBP RISING UP WHICH TO MER PERSONALLY I SEE THAT AS A SETUP FOR A CATASTROPHIC EVENT. I COULD BE WRONG BUT I SEE THE CRACS.... HOWEVER ITS BEEN A CREAK WEEK WITH PREVIOUS POSTS ON CADJPY HITTING TARGETS AS EXPECTED AND USDJPY HITTING FIRST TARGET LEVELS. NOW ITS STAY...
Currently have this chart on my radar... inner head and shoulders formed on the 4 hour time frames. harmonic structure completed at 74% fib levels. currently awaiting a break and retest with daily close below the neck line support and trend line before a sell will be activated .. waiting patiently for price to come to us..... also have EURAUD in place as per...
currently waiting for price to hit the 61.8% handle. these areas do have some high level of demand .. with confluence with 61.8% looking for a long term hold on longs for copper... has been a rough summer...... targets for this will be at 0% ,127% extensions and 161.8% extension.... for now its patience on this precious commodity
expecting a short on this one . weekly triangle consolidating to form a triangle as well