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- #15,882
- Apr 15, 2018 10:37pm Apr 15, 2018 10:37pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Here's a fun chart: EUR/CAD daily. We bounced from 38.2% Fib, right at the 100 SMA, and with a hammer.....Nice potential move.
- #15,886
- Apr 22, 2018 4:45pm Apr 22, 2018 4:45pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Watching this pair as we start the week.....GBP/CAD:
- #15,891
- Apr 23, 2018 9:23pm Apr 23, 2018 9:23pm
Chris,
What do you think about this one on GBPJPY?
- Bullish engulfing bar
- On daily pivot SNR
- On 38.2% and 61.8% fib retracement
I was kind of expecting this one, i said to myself, if GBPJPY formed a strong bullish bar tomorrow i will jump in. Then there it is, so i set my buy stop above the bar.
About the pinbar on GBPCAD, i spotted that pinbar too, but i was like, "there is a resistance on 1.8060, will the trade have enough space?". I talked myself out of the trade i guess. How do i overcome this overthinking?
Cheers,
Ivan
What do you think about this one on GBPJPY?
- Bullish engulfing bar
- On daily pivot SNR
- On 38.2% and 61.8% fib retracement
I was kind of expecting this one, i said to myself, if GBPJPY formed a strong bullish bar tomorrow i will jump in. Then there it is, so i set my buy stop above the bar.
About the pinbar on GBPCAD, i spotted that pinbar too, but i was like, "there is a resistance on 1.8060, will the trade have enough space?". I talked myself out of the trade i guess. How do i overcome this overthinking?
Cheers,
Ivan
Ask, and it is given. Every single time, no exceptions.
- #15,896
- May 2, 2018 12:52pm May 2, 2018 12:52pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Interesting chart. Looking at CAD/SGD, which has been in a strong down trend. This satisfies the most important thing: to go with the overall trend. Beyond that, we have the 200 SMA above recent action, and the previous uptrend line offering resistance. I think the 1.04 area continues to offer selling....
- #15,897
- May 5, 2018 9:04am May 5, 2018 9:04am
- | Commercial User | Joined May 2007 | 7,685 Posts
The chart I will be following the most this week: USD/JPY
The weekly has formed a shooting star. The market breaking above that would be very bullish. However, I think we fall from here......to build up more momentum to the upside. Things are lining up for a USD strong summer, and this pair will certainly show that if it comes to pass. I suspect 107.50 will be heavily defended.
The weekly has formed a shooting star. The market breaking above that would be very bullish. However, I think we fall from here......to build up more momentum to the upside. Things are lining up for a USD strong summer, and this pair will certainly show that if it comes to pass. I suspect 107.50 will be heavily defended.
- #15,898
- May 5, 2018 9:09am May 5, 2018 9:09am
- | Commercial User | Joined May 2007 | 7,685 Posts
Has the Ten Year Futures market started to try to bounce? If so, this would send that dollar lower - for a moment as rates fall. However, there is significant pressure to the downside just above......weekly time frame
