Triple taps

Here's the one I like for Sunday.....so far.

G/U

The weekly has a real pretty double top that it looks to be finishing up...the downward shoulder!!! The Stoch and RSI are starting to turn on the weekly. There's a doji on the daily chart that tapped the main trendline. The next candle isn't bear yet though it's lower....we'll see on sundays open.

The trend line on the stoch looks like it will continue down....also the rsi and TDI. Divergence against price!!! Look at the stoch, tdi trend line

A nice triple tap on the 4 hr that broke through a little. It bopped the main trend line above it a bit ago.

If it breaks through 1.5815ish it could be a 300 pip move.

I'm thinking if it turns down hard at sunday's open or a bit after (1.5950 ish)....it should be a safe 75 pip move. P.S. just added...7:00pm eastern - there's news. Be careful until after about 8:00pm.

I'm going to wait for it to recross downward over the trend line with a some bear price movement on the 15 min. The 1 hr TDI is crossing green over red. 1 hr Stoch moving down. Could be a move a couple hours after sunday open or at london open.

Entry about 1.5934 to a TP of 1.5857 for about 75 pips. You could enter now if you feel risky ...for 100 +. I'll wait. I may go for 50 pips....there's a trend line under the price....it's not listed. It should produce 50 pips...if it's broke...many more. 50 or 75?????? any thoughts???

This is not a home run yet. That's why I'm waiting for price movement and such.

4hr chart listed.

This pair has been hovering around 1.5900. If it breaks the 00 marks that be a potiental 50-70pips move.

G/U - be careful.....there's news at 7:00pm eastern usa time.

Here's another one to watch

A/J - this is a 1 hr chart. I posted the 1 hr so you can get a better feel for the indicators and where they're heading.

There's a triple tap on the 4 hr chart. The indicators aren't there yet so my guess is that it may go through the line to make the channel more symetrical.
I made a hypothetical top trend line to show it as an even channel.

There's a nice doji on the daily chart. There's a doji battle going on in both directions. This is one to be careful with. Go slow. This one could go up another 200 pips so be careful. There's an upper trend line it could hit on the weekly....that put's it at 83.50ish.

This is one to watch. If it does go through the line upward then mark it as a good potential trade at the 83.00 - 83.50 area.....for a short.

The jpy pairs look very similiar. Most look like they have a small amount to finish upward then a drop. Lots of long tf trendlines.....weekly and such.

E/J looks real good for a prolonged short. The long term trend line has been tapped.

All the indicators are saying down. Especially the daily.

The 1 hr says an entry is possible in about 10 to 20 pips. A third tap on the 1hr. Look it over well....it could retrace a bit more. The daily chart rsi is turning a little....very subtle but maybe important. The last daily candle looks like it may be making a doji. Go slow.

The daily and weekly are showing a bear candle.

I used a weekly chart to show you the prolonged long term trend line it's hitting.

Here's one to really watch.

N/CHF - 1 hr chart listed

It's been riding in a horizontal channel. 73.02 was the high on Thursday. Friday it respected the high which keeps it in the channel. (the channel is designated by the two yellow trend lines). It could drop down into the channel....I'm not sure it will. Well let me look again.....it probably will fall after looking at the h4, daily, and weekly. Be careful!!! The indicators can ride high for a long time!!!

If it does a hard break of 73.07 then we will probably see it rise to the top trend line of the down channel. Easily reproduced on the daily chart. This is at about 75.00

Notice how price broke the top triangle line. It may be just trying to bop the yellow horizontal channel line....maybe saying I'm going up through it!!!

Okay, this is how I will watch it.

1. If price breaks the top channel yellow line...I will wait for it to go to about 73.13...then enter long to about 75.00.

2. If price breaks down across the lower triangle line then I'll go short. 72.43 to about 72.16.....maybe further if I like what I see. Maybe a ride to the bottom yellow channel line.

3. My bet....down. Because of the trend. But....it's going to want to bop the bigger down channel, it's top trend line, sometimes soon. That means up for a while. Could go either way!!!

NZD/JPY looks somewhat similiar without a horizontal channel. It already hit the top trend line for the down channel, on the daily!!! It's producing a doji on the daily chart.....hummmm...up???? through the trendline??? My gut is starting to think NZD wants to go up this week.

U/CAD 1 hr chart listed

U/CAD looks good for a triple tap and up!!!

It just tapped the bottom trendline for a third time....lets hope the market doesn't open 30 pips above the tap. This should be a good one for some pips. A counter trade in the longer down channel so don't get too greedy.

The lower time frame indicators are turning up....could be a few hours before it shows it's true colors or intentions.

The more I think about it, I kind of hope it moves a bit on market open....this way we'll know what's happening immediately.

I'm starting to like A/J more and more.....

80.87....or maybe 80.82 entry. Indicators look pretty good on the longer tf's. 1 hr looks very good.
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Also like NZD/CHF entry about .7260

Look it over and you make a decision!!! These two are at the top of a downward channel....trading with the trend. Short!

Both these are short trades.

And that's why I take my time going in.....

They both are starting to break up....

Just about everything is going through the trendlines instead of bouncing.

if i may comment.. ey has broken through tough resistence.. price just waiting for either boj intervention or eu to break through current top resistence .. and aj is not going anywhere.. price is just trapped inside 4h tf triangle .. i'll show previous set up .. as always market is king and i can be wrong .. trade carefully
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Just entered G/U at 1.5934

I'm getting close to entering U/CAD....it broke the line also but is going back up.

Lots of them have broken through resistance tonight. I'm not sure most will continue after the break. I think most will go back down below the break.

I wouldn't jump into E/J with a long. The 1hr and 4 hr TDI says short .....the 4hr TDI is below the 50 line ...the RSI is turning over.

E/J - Draw a trend line under the climbing price since about sept 15th. The price has now broke down over it. Will it continue down...maybe not. Is there a short opportunity. Probably.

We'll see.

Forex3E,

E/J -

Here's a current one at 7:00 am eastern usa time

Looks down to me.....the weekly and daily certainly looks down. The 4 hr looks down....


A/J is going down too.....I don't pay attention to BOJ...if you do you'll never trade because you will never know exactly when they're going to play with their currency. Set a sl and enjoy the ride.

US and jpy are closed until later today.....nothing is going to rock anyones world today. I did get 10 pips overnight. Watching NZD/CHF.

That was a good night and morning. Got heeps more!!!

Thanks cugir321.. i await the break out if it is coming..

Forex3e: Why are you waiting the breakout? It's already moved 50 pips?

Yes there is a counter trade with three taps on the 4hr chart....not sure I want it. The trend is down!!! The channel is down!!! I think it may rise about 35 pips to the top of the channel and then continue down.

4:00pm eastern usa time

G/U 4hr .....tapped bottom trend line....channel up - long!!! Now!!!

A/J - 4hr - tapped line - top trend line - channel down - short - I may wait for a break of daily pivot. I may not!!

E/J - 4 hr if it taps the top channel line then enter short. Channel is headed down. This one needs watching a bit

NZD/Chf - looks to drop....may go up a little to tap top line a third time. Probably not....broke down over a h4 trend line.....I believe will continue dropping.

Well missed the setups. Was still in bed at that time......

LOL, me too, can't wake up at that time to do the trade

G/U went 25 up and reversed....hopefully you didn't go in late. Probably good you were in bed...

All the others were fine NZD/CHF went about 35 and reversed but is till in the channel.

E/J and A/J went more then 50 pips....

A good night.