ParkdaleCapitalManagement

ParkdaleCapitalManagement

Good day, The GBP/USD cross is offering a sell signal this evening. Signal: - Double top - RSI breakdown - MACD bearing divergence Note: - Protect pips if there is a flurry of activity around the Haiken Ashi (smoothed) line Potential Drivers: - Pound selling due to political activity - Risk off flows bidding up the dollar / pushing down the Pound All the best, AL

ParkdaleCapitalManagement

EUR/USD is sending a rather firm sell signal this evening. Signal: - Price trading off of elevated ATR channel - Second run/test of Haiken Ashi (smoothed) - Triple top - RSI breakdown Potential Triggers: - Risk off flows bid up the dollar/ push down the euro - Potential dollar bid if US data attracts fresh capital All the best, AL

ParkdaleCapitalManagement

Shorting the CADJPY is such a powerful tool for portfolios in today's market environment. The trade benefits from 3 fronts: (1) NAFTA headwinds for the CAD, (2) Geopolitical risk-off dynamics of the JPY, and (3) Equity underperformance. Attractive technicals and fundamentals for this trade. Plenty of JPY longs have been liquidated over the past week, but the...

ParkdaleCapitalManagement

Strong fundamental and technical tailwinds for this trade.

ParkdaleCapitalManagement

Technicals say it all...

ParkdaleCapitalManagement

technicals speak for themselves

ParkdaleCapitalManagement

Title and chart say it all, selling pressure my resume in the near term.

ParkdaleCapitalManagement

Yen is uaually treated as a safe haven. Money may continue to flow out of JPY if the market continues to recover. Good fundamental and technical tailwinds

ParkdaleCapitalManagement

Great technical and fundamental tailwinds for this trade. The top indicator is a BB% with the 30MA as its source The bottom indicator is Labu Bear's 'Wave Trend" indicator

ParkdaleCapitalManagement Updated 

Stop loss = red heikin ashi candle

ParkdaleCapitalManagement

Relief rally after a lot of selling

ParkdaleCapitalManagement

Fundamental Tailwinds: NAFTA uncertainty Correlation to (overvalued) stock market

ParkdaleCapitalManagement

Fundamentals: - NAFTA Negotiations uncertain, any signal at termination would cause loonie to sell-off - JPY tight inverse correlation to global stock market, therefore a sell-off in markets would benefit this positioning Technicals: - Clean break of uptrend - 100 Day MA crossover - Ichimoku transition line crossing baseline

ParkdaleCapitalManagement

major swing setup, technical confirmation. Worthy of a small first move.

ParkdaleCapitalManagement

WIll be tracking this potential trend reversal going into the week and beyond.

ParkdaleCapitalManagement

Weakening RSI and MACD Divergence makes for a solid short setup

ParkdaleCapitalManagement

Looking at this going into the open and into the trading week.

ParkdaleCapitalManagement

Good evening comrades, With the recent rally in the loonie resulting from multiple interest moves by the BOC, I'm looking to form a consus regarding the posoitoning of the market going into tomorrow's report. Personally, I beleive that the data release will result in a downside correction for the CAD seeing as the currency incredibly firm already. Now, putting...