pwfxsystem

pwfxsystem

Gold is in a corrective phase to the downside. We should visit around 1850s before the next measured impulse to the upside.

pwfxsystem

We have approached a value area low with high probabilities of a rally of the DXY. Let's see how this plays out Stop .90 Entry .913 Target 1.015

pwfxsystem Updated 

Let us prepare to take what NZDCAD may offer in the coming weeks. Based on pass behavior, there is a high probability that the Bulls will give up control. Be prepared to join the Bears this coming week if the Bulls fail to retest 0.925 Stop 0.905 Entry 0.895 Target 0.835

pwfxsystem

CHF is a SHC (Safe Haven Currency) I am expecting the dollar to weaken over the coming weeks ahead target .92

pwfxsystem

Stop 0.945 Entry 0.952 Target .976

pwfxsystem

USDCAD's personality is unpredictable which makes it a very fun pair to trade. Stop 1.345 Entry 1.338 Target 1.295 Happy Trading

pwfxsystem Updated 

Looking forward for a very high probability setup! Wait! Entry 1.794 - 1.795 Break Even 1.77 Target 1.717 1.665 Stop 1.81

pwfxsystem

Gold is in an ascending and expanding channel allowing price to continuously expand allowing wild swings with the expanding structure. Have FUN! Use the pattern's structural support and resistant as your edge. Happy Trading!

pwfxsystem

If price breaks above 122, then look to 128 for a potential target. ***BUT if price stays below 122, then we should see some downside momentum to mid target 116 Entry 121.00 Targets 118.5, 117.00, 116.00, and long term 110.00

pwfxsystem

As we wait to clear the lower wedge we are in, and early Buy Stop entry at 1.065 which is above the 1.06 value area, additional entries after we clear the consolidation/ H&S pattern will be considered. The target is at the 2018 high of value area 1.20. Side note: EURUSD and EURCHF has a positive correlation.

pwfxsystem

As the Canadian Dollar and Swiss Franc gains strength across other pairs, we shall look to see some slow but bearish momentum towards .725 and .72 on CADCHF as the channel progressively expands. Entry .741 Targets .725 and .72

pwfxsystem

USDCAD is reacting to a value area high. We should see some downward momentum to 1.295. And if price breaks, closes below 1.295 and form a continuation pattern? Expect to see price testing lower 1.20s Entry 1.325 Initial Target 1.295, Long Term Target 1.21 and 1.13

pwfxsystem

A market gap up from Friday April 21, 2017 was just confirmed filled on Friday February 21, 2020 as price action dramatically reacted to that value area. However pressure from the DXY may continue to push price to 1.07 (the uptrend mean), consolidate and create the famous W pattern before heading towards the upside. However a current swing long position is active...

pwfxsystem

As NZD picks up short term momentum strength which is expected to fade around value area 1.03, we should have 2 possible moves to play this out. 1. Short at 1.043 target 1.031 2. Swing Long at 1.031 (short term target 1.05) and long term target 1.085

pwfxsystem

There're a probability of 2 moves approaching for EURCAD 2020 to 2021. 1. A Swing to the upside; Entry 1.425 with Target 1.475 2. A longer term swing to the downside; Entry 1.475 with 2021 Target 1.22

pwfxsystem Updated 

Waiting for the 3rd touch in this value area consolidation before a continuation to the downside. Entry 145.00 Target 128.00

pwfxsystem

Price is at the weekly value area low in the channel structure, (Such opportunities comes once in a while) Initial Entry .66 with target .70 for now

pwfxsystem

Price is currently at a value area high in the D1 channel structure and as a result, we should expect price to retrace to a value area lower in the H4 structure. Entry 84.5 Target 82.00