TVC:DXY Getting ready for correction. Not that I couldn't be wrong but I do believe that more likely than not the USD will struggle over the next week or two.
Personally I would not trade this but use it as more confirmation for my other positions on GBPUSD , EURUSD , and NZDUSD . 1) Pair pushing into previous resistance which will most likely act as support 2) Perfect 1 to 1 measured move into this support 3) RSI divergence showing weak bear push 4) 1.272 Fibonacci extension landing perfectly in this zone...
FX:USDCAD Personally I would not trade this but use it as more confirmation for my other positions on GBPUSD, EURUSD, and NZDUSD. 1) Pair pushing into previous resistance which will most likely act as support 2) Perfect 1 to 1 measured move into this support 3) RSI divergence showing weak bear push 4) 1.272 Fibonacci extension landing perfectly in this...
Trade Rational 1) Clear defined resistance 2) Rally showing weakness toward resistance as shown by RSI divergence 3) Pair most likely going to target deeper support on daily and weekly chart 4) A fantastic reward/risk opportunity at a 3:1 Any questions or comments just let them fly below, I'd be happy to chat about the trade. FX:GBPUSD
This is really a golden trade for me. 1) Coming into strong resistance at a even price point. $1.1400 2) Perfectly on the 1.272 extension 3) RSI is showing a weakening push 4) Perfect 1 to 1 measured move FX:EURUSD
DXY Personally I usually stick to Forex but I'm actually considering going long here. What's great about these DXY technical's is that they line up perfectly with the last two ideas I published. What I'm looking for here is a strong rally on DXY up to previous resistance which lines up with my analysis on EURUSD and GBPUSD because both those pairs I'm looking to...
FX:NZDCAD Check it out. If anyone really wants to know the logic behind my trading thoughts just comment below and I'll be happy to chat about it. :)
Watch for a break in structure and a quick retest. I would not suggest selling unless that support is violated. The reason this looks like a potential set up is because frequently after there are these sharp moves up there are sharp moves down.
How I am looking for this right now is waiting for the pullback into this .382, trend-line, and previous resistance. If this happens next I'm looking for a weakening move and going long on the shorter time frames
This is a area of high activity. I think if this weeks candle closes as type 2 with the wick through the support line but the bearish candle closing on the trend-line this will be a beautiful long trade up too the previous swing highs. Keep an eye on it because this could be good.
What I would like to see in this pair would be a rally back in into the region of the gap. This is a really interesting area because if you look left there is some real resistance/support levels that that this pair has respected recently. With gaps frequently becoming future resistance and support this could be a good case for entry. 1) Trendline breakthrough,...
Throw your 2 cents into the comments and I'll happily take note :)
Descriptions are overrated