Hi Traders, Happy Thanksgiving to all of you. Trade with care. Got into a few positions but market is not moving much. Have a early rest then. seeya
Potential bullish pennant on 1 hour chart. Pair is on an uptrend (daily chart). High probability of a breakout to the upside.
As i described in the linked post, I'm looking for long opportunities on USDCAD. Right now, price is forming a tight Ascending Triangle. These Price Patterns typically breakout to the upside. IF, we get a break & close out of the triangle I will get long on this pair. I will use a trail stop for Target #2's
USDCAD has been consolidating on the HTF's since May of this year. It has formed an Ascending Triangle Pattern. These typically breakout to the upside. With Friday's close we have finally closed above the Triangle. We could be seeing a major recovery in USDCAD if this pattern plays out as projected. I will be looking for some aggressive long entries on the 60min...
If the pair closes above the pennant formation, will be a good buy opportunity. This pair is currently in the process of forming a c-wave that could extend up to 500 pips. Good luck out there.
This pair has been forming a bullish breakout structure and price is pushing against the 86.000 handle. Good upside pontential with primary target around the 88.000 handle. Long entries can be taken on the breakout or after the breakout on the re-test.
The DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together. It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction. After the break...
If we see a close below this trend line we could see a drop to the daily resistance.
Snake around trend line. Expecting Cobra attack ! Up! S1 29900 TP1 131200 TP2 131600 TP3 132600 TP4 133400
SETTING UP FOR A POSSIBLE BULLISH MOVE NEXT WEEK. WHAT DO YOU THINK? ALSO VIEW THE WEEKLY CHART FOR CONFIRMATION. PEACE AND SUCCESS AS PATIENCE IS KEY IN THIS TRADING BUSINESS !!!!!!!
Buy the breakout might seem like a good idea Expecting greenback strength across all currency pairs However the USD/CAD more often than not has a mind of its own.
I don't give these type of precise enter or exit trade points but this time I give these areas also for my own records.
AUDUSD breaks out of the resistance level at 0.75 and confirms a nice cup and handle pattern. From elliott wave analysis, it will continue the correction for going up. It is a strong sign to go long with SL at 0.745 TP1: 0.76 TP2: 0.781 TP3: 0.81 Good luck for everyone!
On daily chart looks like an ascending triangle, with an target on the nex round level looking for more potential if we can break the big resitence long >1.90 Stop = 1.79 Target(1) = 2 Target (2) = 2.25