EZU nice ABC move with 3R potential The Euro market is still hot. and this ETF is near by buy zone. Just a little more pullback to Fib 618 and its go time.
EFX is looking strong... I have my order in today to get on the trend train. But be cautious, they have many issues to iron out. Some deep pullbacks to be expected, and can be potential opportunities to add to positions.
Shopify - keep it on your watch list. Entry now would be too early . Still looks like it has more downside to play out. Look for a buy in the next month or so. Then watch it go. I am new to Wave theory, so if I am wrong in my analysis, please offer some feedback. Thx.
looks like we are at a crossroads, will it go, or will it retrace? Which ever way it moves in the next few weeks will likely be our signal to know how to play this out for the next 3 to 12 months. A. just keeps creeping up, nice and steady, bulls keep control and just steps its way to target. B. retrace, build up selling pressure, then during 4th Q, the bulls...
Possible Trend Reversal with recent Double Top Short on bounce off of Previous S/R This feels like it could go either way, definitely need some confirmation before entry. But when it goes, I predict it will take off for a nice little run. Flag suggests more upside, but we have two tests and pretty reliable resistance, so possible third test and failure could...
HMMJ Buy Long Term - 6 months+
I am seeing more downside to the Dollar for rest of week, maybe next couple of weeks. Nice short term trade setup. We have seen it touch the top of this latest retracement 4 times, should be time to go short.
I am looking for a strong bearish candle to confirm weakness in this pair. Then small short opportunity, but must fit my plan exactly or no trade. However, I predict it will be short lived as USD weakness will overtake next week or two and give the cable a little boost back up to major resistance. My Bias is that this pair will be in a large range for the rest...
The CAD is feeling pretty spunky lately... The country is having a great summer. Looking for The Trend to continue, or solid proof it's over.
This is a big depends, just something on my radar for next week. I will be watching other AUD pairs, might be something more interesting with those. Will be doing further study this weekend as time permits. Watching gold and copper prices and some fundamentals for bases of this trade. Watching price action below MA200/ 50% zone. See chart for details.
CAD is on a bit of charge. I am looking for a touch of my Area of Value (AOV)for entry. In my opinion: The type of entry isnt as important as just getting in at good value zone, which I like to call AOV. It seems like so much focus is spent on fancy entries, which wont matter the least if your trail your stops are too tight or your R:R is dangerously...
USDCAD has been on the decline since May 5th, 5:30am (NFP Friday). Obviously, this is a pretty good indicator of what to expect. USDCAD, possible more weakness ahead until NFP Friday (USD), and or Crude oil inventories on Wednesday (CAD), which could be a small rally. I predict a healthy pullback, but not a trend reversal this week. And depending on NFP, which...
Break of Previous Resistance Rules of Engagement met - Enter trade. SL at previous low plus 10p (81p) T1 = R1 (81p) At fib 141 zone, If momo is still strong, re-evaluate Then build case to let it run without target. (Check news events and structure to confirm high probability that this pair still has move upside left.) and move to breakeven at T1. Exit...
PSR Breakout Trade - Long on break of Previous Resistance Entry Trigger: A. Conservative Trigger= HHHC candle + take trade on next candle close (confirmation candle ) if also blue/bullish. B. Aggressive Trigger = Go long if HHHC of PSR. 1H/TF *depends on price action and volatility of the day. Stop: SL set 10 pips below Previous Support. Target(s): 1R +...
From the recent price action and oil rallies, I predict we should see gold ping-pong between support and resistance over the next few weeks.
GBPUSD short set up early next week. I will be watching for another touch and go off of resistance.
Long EURUSD on falling wedge pattern See chart for details.