paulDtrader

paulDtrader Updated 

GBPCAD SHORT AT 1.71687 - SL- 1.72756 - TP- 1.64696 REASON FOR THE TRADE (TECHNICALLY): 1) POSSIBLE ABC CORRECTION OF WAVES 1-5 2) PRICE AT 61.8 OF LEG A 3) PREVIOUS SUPPORT AREA GOOD LUCK.

paulDtrader Updated 

EURUSD LONG AT 1.18597 - SL-1.18249 TP-1.2000 THIS PARTICULAR TRADE CARRIES A HIGHER LEVEL OF RISK AS IT IS COUNTER TREND. HOWEVER, IF THE ELLIOT WAVE ANALYSIS IN MY PREVIOUS POST STANDS TO BE TRUE, THEN WE CAN EXPECT A CORRECTION OF THIS BEARISH IMPULSE AT THIS LEVEL. REASON FOR THE TRADE (TECHNICALLY): 1) ELLIOT WAVE ANALYSIS 2) STRONG PREVIOUS SUPPORT...

paulDtrader Updated 

SHORT WITHIN THE HIGHLIGHTED REGION- SL- 0.79252 - TP- 0.76977 REASON FOR THE TRADE (TECHNICALLY): 1) DESCENDING TREND LINE 2) SUPPORT TURNED RESISTANCE 3) RESISTANCE 2) RSI ALREADY OVERBOUGHT ON THE DAILY 3) RISING WEDGE GOOD LUCK.

paulDtrader Updated 

USDCAD LONG AT MARKET - SL-1.23500 TP-1.27545 REASON FOR THE TRADE (TECHNICALLY): 1) CURENTLY AT MULTIPLE HISTORICAL SUPPORTS 2) RSI OVERSOLD AND POINTING NORTH 3) BREAKOUT OF DIAGONAL FALLING WEDGE GOOD LUCK

paulDtrader Updated 

EURUSD SHORT - SHORT WITHIN THE HIGHLIGHTED ZONE. LOOK FOR A BREAK OF THE NECKLINE THEN A RETEST OF THE NECKLINE ON A LOWER TIME FRAME BEFORE ENTERING - SL- 1.20534 - TP- 1.18469 REASON FOR THE TRADE (TECHNICALLY): 1) REGULAR BEARISH DIVERGENCE BETWEEN PRICE AND RSI SIGNALLING BULLISH TREND REVERSAL 2) DOUBLE TOP 3) END OF AB=CD PATTERN GOOD LUCK.

paulDtrader

IT'LL BE INTERESTING TO SEE IF THIS IDEA PLAYS OUT LIKE THIS.

paulDtrader Updated 

REASON FOR THE TRADE (TECHNICALLY): 1)BEARISH AB=CD PATTERN WILL BE COMPLETE THERE 2)PREVIOUS SUPPORT TURNED RESISTANCE 3)TOP OF DESCENDING CHANNEL GOOD LUCK.

paulDtrader Updated 

EURUSD SHORT AT 1.20923 - SL- 1.21351 - TP- 1.18956 REASON FOR THE TRADE (TECHNICALLY): 1) RESISTANCE LINE CONFLUENCE AT THAT REGION 2) RSI ALREADY OVERBOUGHT ON THE H4 TIMEFRAME GOOD LUCK.

paulDtrader Updated 

GBPCAD LONG AT 1.68906 - SL- 1.68448 - TP- 1.71066 REASON FOR THE TRADE (TECHNICALLY): 1) SUPPORT LINE CONFLUENCE AT THAT REGION 2) REGULAR BULLISH DIVERGENCE BETWEEN PRICE AND STOCHASTIC ON H1 TIMEFRAME GOOD LUCK.

paulDtrader

As we can see the audjpy is currently trending down. We have an ab=cd pattern currently developing on the 4h chart. Short till the D leg! Good to sell on any rally. Trade safely- Happy trading

paulDtrader

THIS IDEA MIGHT BE CONTRADICTORY TO WHAT THE POPULOUS MIGHT THINK, BUT I THINK TECHNICALS DO NOT LIE. THERE IS A NICE H&S FULLY DEVELOPED ON THE DAILY WHICH IS NOW READY TO ASSAULT THE NECKLINE SHOULD PRICE GET REJECTED BY THE BOTTOM OF THE UPWARDS CHANNEL. ALSO, BOTH THE 20 SMA (BLACK LINE) AND 50 SMAs( BLUE LINE) HAVE BOTH CROSSED THE 200 SMA (RED LINE)...