USDJPY looking to finally have a decent pullback. I look for it to test support and break through heading down to make a nice size double top. Whats even better is MACD just did a firm cross looking to head down back towards 0.
EURUSD has been in and out of this downward channel. As we have just tested the bottom of the channel I am expecting a pullback up to the 1.285ish area before heading downward again.
USDCAD looking for a nice long bounce in the upward channel. The reasons I am looking to focus on buyying on this quick dip: 1. Long and Firm upward channel. Just bounced off the bottom of the channel line. +2 2. MACD is downside below the 0.0 however it looks to be crossing now and will be heading up. +.5 3. Fractal was just made signaling a turn around of the...
GBPUSD looking for pullback as it touched the top of the current LONG trend channel. We are going to look for it to go down and either: A. Bounce off button trend and make a possible movement further upward. B. Blow through the bottom trend line and head further down. Key notes: On a .618 retracement line which is a key line to watch Stoch is...
Pandora had a nice lower gap today where I had the chance to purchase near the button. I am looking to watch this thing ride back up today and hit R1 for a nice solid gain. I play pivots on daytrade so if I drop below the P of the day I will close my LONG position.
Looking to day trade the MSFT for a long position if it doesn't break through the key resistance position. If it does break through and shoots through r1 we are look for a nice take profit at around r2.
We are going to watch for nice break out. If it breaks through the shoulder formation expect it to keep going down. If it breaks above the shoulder line look for a nice LONG position.
GBPUSD bouncing back and will test that middle support in the channel. If it bounces down we are possibly looking for a continued down trend. For now though it is looking to be a nice gain for the next few days via the channel bounce.
eurgbp looking like a nice long down trend. However I see a slight pullback that people can play if wanting some extra movement. However for the longer term I see the continued down movement until we break the Nice channel we have going on.
Nice USDCAD movement on a nice expanding uptrend channel. Using former support and resistance lines we should be able to make a good ride for a good amount of pips on the long side / channel ride.
The EURUSD continues to drop down as we follow a long term channel. Looking for an long term short position and then a nice bounce after we hit the long term support.
This looks like a good opportunity to short the USDCAD. I see a nice downfall towards support / Resistance lines and having the MACD support our decision is great. Looking for a nice gain in pips over then next few weeks.
GBPUSD is looking to make a nice pullback before continuing downward.
USDCAD looks like it is going long to make another shoulder for a nice shoulder,head,shoulder position. I would go in long and pay attention near the shoulder formation.
EURUSD is testing a support for the third time and I am looking for it to bounce off firm support and head up towards next resistance line. I will be playing it on 30 minute chart to check small resistance levels but I think this should bounce nicely to form a "shoulder".
Playing the price action I am going to wait till end of hour to confirm a bounce and then either jump in a LONG position or a SHORT position depending on the results of the next bar.
Looks like a nice SHORT possition for a quick 1-2 hour scalp for a small pips profit. I expect it to drop down to next support level and either blow through our bounce and test the new resistance.
Nice downward channel play with nice support and resistance lines to go off of. Should be a good play for people who like structural play!