kaizern

kaizern Updated 

given my analysis i beleive usdcad has stronger bull power and might end up breaking the trendline and move to retest 0.5 retracement level

kaizern Updated 

market might move to 0.5 retracement level for retest. though it will have to break the trendline there has been significant bull power as of late suggesting upward trend.

kaizern

The chart is pretty self explanatory. there is a double zigzag correcting the impulse wave. the double zigzag is headed to completion at c, this means a long term sell is possibly in order. the correction ends at start of wave two for the impulse wave (in red)

kaizern

swqd

kaizern

RETRACEMENT OF THIRD WAVE UPTO 1.10 THEREABOUTS. GOOD LONG POS remember to exit before the fed rate announcement

kaizern

SHORT OPP. LONG TERM

kaizern

OPINIONS?

kaizern

watch for a breakout at the 5th wave there should be a number of pips to be made there. im considering taking a short position and exiting when price levels get to the bottomline for the triangle and go long thereafter.

kaizern

short at 43.35 leave position open until 41.5 thereabouts

kaizern

good buy or short position depending on whether it breaks or not

kaizern

bh

kaizern

taking into account the use of rsi, macd and ma's i think there will be a pull back to 1.07 thereabouts, thinking this will materialize in a 2 to 3 day span so tue or wed. the macd which i have circled where the signal line has been cut from below suggesting a bullish trend suggests this. caution should be taken as this might end up being a fake out leading to a...