So USD/CAD is looking lime a SELL. Currently reached a nice zone where reversals have been happening since June. However, it is now causing a rising wedge which could indicate a nice sell catching between 60-125 pips depending on entry point.
2 of the lines indicates which way the markets could go.
More of longer term trade. I'll expect to exit the trade on Friday night. Created a funnel and will now look to trade this. Could either, reverse at the 61.8 or continue the pattern upwards catching around 90-110 pips.
So looks like US30 will rally up towards the weekly retest region. Should be able to move upwards further due to the face that the 21 SMA has crossed over the 50 SMA suggesting a reversal in the pattern and now will create new HH AND LH.
So Bitcoin as you all know rallies to a much LL. However there is always a retracement after every surge sell or buy. SO, we will be looking to buy bitcoin and allow it to rally up towards the hot reversal zone. If it breaks though then be expected to rally to the trend line.
So this is the current situation for LLOYDS. There is huge downwards momentum at the moment and both SMA's and Elliot wave impulse (1-5) suggest this. However, the stock will look to retest the area then drop. Looking for around 120 pips bullish movement before hitting my TP.
SO EUR/USD has reached a very HH. Has created 3 previous 120 pip buy momentum which is followed by a SELL of around 80-100 pips so look to SELL around the region indicated. Look for confirmation...
Will post an update when the next candles are formed so don't go in for the trade yet.