NeoSalvo

NeoSalvo

I sometimes look at consolidation as reloading. NZDCAD usually trends pretty good. I am in because I believe it is going to continue north.

NeoSalvo

This looks really clean. I am taking it.

NeoSalvo

I took the original move up a few weeks back. Now I have an order set above today's high to catch next move up.

NeoSalvo

The daily looks bullish but an entry here is cloudy. The AUDUSD looks better short term. If I was a Position trader I might be more serious about the Euro

NeoSalvo

This and AUDUSD are quite similar. Has the slide ended? The January Effect (Peter Brandt) roughly states there is a good possibility the annual high or low of the EURUSD happens in January. That being said, there is a pretty good case the a new uptrend is starting. I can see an initial 200 ish pips trade in the works. Going to the 240min. chart

NeoSalvo Updated 

AS I pointed out of the daily, the down trend seems to be broken. Here on the 240, it has broken thru resistance and return now to support. I may for an entry on the 15 min this next keeping in mind, non-farm is this next Friday. The gold trend line is from the daily.

NeoSalvo Updated 

I find this interesting as the year ended and the new one begins that the downtrend seems to be ending. Not only is the trend line broken, price has broken above the 200 ema.

NeoSalvo

So I was watching this bear flag and saw it break the 2nd trend line so I am going to take this trade at break of the new low. (a little late) There is plenty of available pips here to the south. If you also considering fundamentals, GBP still has Brexit woahs and a new war poses a threat to oil which is good for CAD.

NeoSalvo

I was even scouting this but got distracted over the holidays...

NeoSalvo

JPY news this afternoon CST. We had a break out of pattern and a retrace. check Daily chart I posted. This is going to bounce off 200 ema. Watching for break of a daily hi to get in on 15 min chart.

NeoSalvo

Overall cadchf hasn't done much the last month or so. This may give some direction for the beginning of the year.

NeoSalvo Updated 

It broke to the south. I hope to see it continue south for 180 pips to 1.6600

NeoSalvo

I was watching for a reversal but it consolidated over a large range and then broke south. I got in on my 15 min chart entry. Will post

NeoSalvo

This bull flag has developed in a very nice spot. Watching my 15 min chart for entry.

NeoSalvo Updated 

I am watching for an entry on the 15 min chart.

NeoSalvo

I will watch this tomorrow night and maybe put in a stop order.

NeoSalvo

Time for a reversal or will it continue on to the 2016 lows?

NeoSalvo Updated 

It is hard to accept the showing of strength of the pound, but the chart does not lie. I have a buy stop for the break of the week high.