The808Trader

The808Trader

This pair has seen some pretty big movement over the past few weeks and we recently had a pretty big bearish kumo breakout. I am looking for that bearish trend to continue, the Australian brush fires and the subsequent spending are probably going to hurt the Aussie a bit over the short term as well. I've drawn out a pretty wide stop loss here above the...

The808Trader

The kiwi has started to flatten out a bit here but I am still looking for the overall bearish trend to end up resuming after the pause we've seen. I've drawn a sell entry a little below our current price with a stop loss right above the rejection wicks we saw which also lines up a flat kumo area where we ended up twisting back to bearish. I've drawn out a few...

The808Trader

The USD has been on a bit of a rampage over the past couple weeks and there's not much sign of a slowdown yet. I am looking for a good chance to enter a sell which may require some patience. I've drawn out my entry line where I would like to see a drawback and rejection form to help confirm my bias. As usual, I've drawn out partial take profit levels on the...

The808Trader

This pair stayed pretty consolidated last week but did see some small upside moves before falling at the end of the week. We are close to a bearish kumo twist and I am looking for a chance to sell if we can get a break out of our previous price structure support/resistance I've drawn out. If we can break that level I'll look to get short and target a previous...

The808Trader

This pair some some strength for eventually trailing downward last week. We don't have a kumo twist yet but we are approaching the bottom of the kumo here and I will be looking for a chance to short when/if we get a bearish breakout. I've drawn my entry line at a level that corresponds with an important price level and a flat kumo area. If we break that...

The808Trader

We ended up generally rallying after a dip at the beginning of last week. I am now watching for a drop down to the kumo to look for an ideal chance to enter a buy. We have a bullish kumo and some strong support down near the flat kumo area where I've drawn my possible entry line. In order to enter a buy I'll want to see some good support form to help confirm...

The808Trader

This pair finally saw a push down after a week of Aussie Strength. I am looking for a slight push back up to test the flat edge of the kumo. These areas typically act as a strong resistance and I am looking for a decent rejection to help confirm this bias. If we can get that rejection candle or a strong hold there, then I will sell down to my overall price...

The808Trader

This pair saw a pretty large sell off last week and I am looking for that trend to continue. We just had a decent bearish engulfing candle and I am looking for a close below the recent candlestick lows to get short. I've drawn out a longer term target at major price structure support as my overall aim, but we not make it all the way there. I've also drawn...

The808Trader

The yen has been gaining a bit with money flooding the typical safe havens during the end of the year and most likely with the help of the recent headlines. I am looking for a push back up and another rejection around the yellow zone I've drawn at a major support and resistance level. If we can get a good rejection there we should fall back down to our...

The808Trader

This pair has been on a larger bullish run over the past few weeks and I am looking for that to continue. We are down near kijun sen here and I am looking for a push back up and beyond price structure highs we saw last week. I am looking for a good support candle to form to buy on for a chance to go ahead and get long to our targets I've drawn out. If we...

The808Trader

We're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form...

The808Trader

We got a big move out of this pair last week, both before and after the election polls and results were coming in. With that big move came a large drawback down near a flat kijun sen to held the week. I am looking for a little further drop to test that flat kijun sen for a chance to once again get long. I've drawn out some price structure level targets to...

The808Trader

The setup levels should look familiar as they match a previous breakout setup we had for USD/CAD. I am looking for a rejection at this flat kumo level for a breakdown to major price structure support again. It looks like we are already starting to form a bearish move down and I'll want to see it sustained with our normal ichimoku bearish signs. If we fail to...

The808Trader

The kiwi has been on a rise for the past week and now I am looking for a drawback and support to hold for a chance to get long back into that trend. We're close to entry here at market open which actually may give us a quick entry into this with the gap that formed. I've drawn out price structure targets on our way to overall price structure resistance that...

The808Trader

Despite another stellar NFP report, the dollar didn't make substantial gains against the pound last week. It look like support is holding near where we're currently sitting and if it stays that way I'll be looking to back long. I'd like to see a small drop to the level I've drawn and support to hold there to help confirm my entry. All our other signs remain...

The808Trader

This is a forecast of where I need to see price go to if I am going to entertain a sell. We have a big flat kumo level which will act as a strong support. If we can break that level then we have a chance to sell down to at least the price structure level I've laid out as my main target. I've also drawn out some partial profit levels to aim for along the way...

The808Trader

This is a pretty simple drawback setup that I have my eye on going into this upcoming week. We've started to break tenkan sen support so I am looking for a drop down to kijun sen for a chance to get long. Usually I am looking for a good wick to form through kijun sen with the body of the candle closing above it, but I will be watching all price interaction in...

The808Trader

We've had GBP/JPY drawn out in a longer term consolidation pattern for a while now. Originally we were waiting for a break and retest of the zone to drop, but that the moment we actually broke to the upside. You can see the price structure to the left that I am looking to grab a buy at, as we attempt to make a bullish push upward. This opportunity is...