I may be a little early here and the technicals do not agree.. always trouble when I think I know something...::)) But I think we have a 4H signal for a substantial short.
yep one more time, after today's run-up we are going short. We shall see in the AM...::))
After today's magnificent run-up, I think we have the tiniest of signals for a 100 pips plus short. I'll let you know in the AM..::)))))
Here I go thinking again. EU is poised from a turn down in the channel. I'm thinking it may go north another 10 pips and then turn south. So I placed three trades a bull scout, which is already negative but CCI hasn't turned south yet and two bears, at 10 and 50 pip TP. If the PA breaks the south 50 pip zone it's going to continue and this also implies the USDX...
This is a D1 chart ending in two doji, however, the H4 chart shows consolidation and the last candle is a gravestone. I'm thinking this is the signal for a breakout trade to the south and the CCI has just crossed the +100 line heading south. Caution would wait until the CCI crosses the zero-mean line. I have placed two sells, one market order for 50 Pips and a...
Potential a good-sized Silver short setup. On this 2 Hr chart, CCI has hot 4% deviation and help for a bit potentially consolidating for a move south. Happy trading
1st chart I looked at this AM, good omen, possible 50-75 pip short setup, wait for the next bearish candle to move 50% past the previous to take the trade. Happy trading!
EURCAD Short Setup, just beginning the pivot south, CCI showing losing momentum. Oil not well and weak cad.
AUDCAD Short Setup, thinking this short setup will start its fall in a few hours. Good Luck and happy trading
Methinks the GBP CAD is setting up for a good short then a bit sideways and short again to complete the mirror pattern. Happy Trading
I like chart drawings, of course, we can usually make the drawing reflect our personal bias. That said I thin EU has a good distance to travel before its issues are resolved. Happy Trading
EURCAD is getting ready for a very nice retracement! I call this trading the legs, up now down. Put a few stop orders in a catch the fallout...::))
The attached daily chart of the XAU shows a peak I think, the CCI conforms the loss of momentum and a strong downward slope While the DXY is heading upwards and my opinion is it will continue at least until Wednesday FOMC. So I'm thinking we have a perfect storm for an XAU pullback good for 100 pips. Last week I think I said the same thing so I was about 150 pips early.
Well, traders, the DXY did exactly what I guessed and went long today, currently is languishing in the Friday lest go fishing while I impatiently wait for my last 10 trades to close on GBPUSD and EURUSD which served me well today. However, I did get slaughtered with Gold as it smashed thru 1350 and then promptly retracted the gain in what I assume was profit...
I'm thinking XAUUSD has peaked and is consolidating. When the consolidation is over next week it will head south for 100 pips. AS the DXY usually runs contrary to Gold logic would have it that XAU will head back to the 98 price zone. Successful trading to all!
shortly Gold will complete its morning swing and change direction for at least 25 pips but could run 35 pips to the south.