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  • #20,081
  • Oct 22, 2014 7:17am Oct 22, 2014 7:17am
USDCAD is showing a falling wedge which is a sign of bullish continuation. We have 3 possible setups on USDCAD. Breakout setup would happen if wedge breaks 1250 upper confluence border. Second , if the price drops to 1.1195 price may initially jump to 1.1240 region and 1.1165 zone may be good for taking an entry at the bottom of the wedge. Look for price action around the wedge bottom, around the trendline and the possible break to the upside. If the wedge breaks it should target 1.1270 and 1.1310.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-10-22_14-06-07.jpg Size: 262 KB
  • #20,082
  • Oct 22, 2014 7:35am Oct 22, 2014 7:35am
Quoting T@rantula
USDCAD is showing a falling wedge which is a sign of bullish continuation. We have 3 possible setups on USDCAD. Breakout setup would happen if wedge breaks 1250 upper confluence border. Second , if the price drops to 1.1195 price may initially jump to 1.1240 region and 1.1165 zone may be good for taking an entry at the bottom of the wedge. Look for price action around the wedge bottom, around the trendline and the possible break to the upside. If the wedge breaks it should target 1.1270 and 1.1310. {image}
First target has been hit.
  • #20,083
  • Oct 22, 2014 7:44am Oct 22, 2014 7:44am
Quoting egkid
{quote} positions in play the same {image}
PA do as it should
  • #20,084
  • Oct 22, 2014 7:56am Oct 22, 2014 7:56am
Quoting egkid
{quote} PA do as it should
Yes , looking good mate.
  • #20,085
  • Oct 22, 2014 7:57am Oct 22, 2014 7:57am
Quoting T@rantula
{quote} Yes , looking good mate.
Quoting egkid
Morning nzd sell@8010 now live trade
Quoting egkid
{quote} show me 7935 next few H Plz
5 pip and we see 7935
Inserted Video
  • #20,086
  • Oct 22, 2014 7:59am Oct 22, 2014 7:59am
Quoting egkid
{quote} {quote} {quote} 5 pip and we see 7935 https://www.youtube.com/watch?v=qfO_OfmGOl0
Well done!
  • #20,087
  • Oct 22, 2014 8:00am Oct 22, 2014 8:00am
Quoting T@rantula
{quote} Well done!
Thank u bro
Just if had more money i swear i can make million $
maybe one day
  • #20,088
  • Oct 22, 2014 8:08am Oct 22, 2014 8:08am
Quoting egkid
{quote} Thank u bro Just if had more money i swear i can make million $ maybe one day
Step by step!
  • #20,089
  • Oct 23, 2014 4:02am Oct 23, 2014 4:02am
EURUSD is having a retracement after good PMI results but general trend is bearish. This is the time when fundies can give us chance to align with Technicals. Retracement towards 1.2700 could give us new chance to sell. WE can spot an inner trendline, previous M 1 2 3 bearish pattern and H4 cam level with 38.2 fib. That gives us a confluence zone for fresh sellers. Selling should go towards 1.2675 and 1.2620.

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  • #20,090
  • Oct 23, 2014 5:38am Oct 23, 2014 5:38am
Hi T,

yes 1.207-5 is where i am looking at... I figure we will still be paying a visit to 1.2575... or even lower but this could be one big crazy correction... I will only long lower.. much lower
  • #20,091
  • Oct 23, 2014 5:39am Oct 23, 2014 5:39am
Quoting T@rantula
EURUSD is having a retracement after good PMI results but general trend is bearish. This is the time when fundies can give us chance to align with Technicals. Retracement towards 1.2700 could give us new chance to sell. WE can spot an inner trendline, previous M 1 2 3 bearish pattern and H4 cam level with 38.2 fib. That gives us a confluence zone for fresh sellers. Selling should go towards 1.2675 and 1.2620. {image}
MMM interesting TREND line..new one for me..
  • #20,092
  • Oct 23, 2014 7:15am Oct 23, 2014 7:15am
Quoting jaylovin
Hi T, yes 1.207-5 is where i am looking at... I figure we will still be paying a visit to 1.2575... or even lower but this could be one big crazy correction... I will only long lower.. much lower
Yes If 2700 is rejected 2620 is the ultimate target for the day. Swing traders could also target 2550 zone.


Quoting danc
{quote} MMM interesting TREND line..new one for me..
Yes. It is an Inner Trendline- Trendline which was broken and retested.
  • #20,093
  • Oct 23, 2014 7:52am Oct 23, 2014 7:52am
EU rejection at 2722, halt at 2640 and move to 2560,what I see.
  • #20,094
  • Oct 23, 2014 9:46am Oct 23, 2014 9:46am
Quoting kalyan
EU rejection at 2722, halt at 2640 and move to 2560,what I see.
Lets see if 2700 is reached. There are definitely more sellers at 2700 zone then 2675.
  • #20,095
  • Oct 23, 2014 10:25am Oct 23, 2014 10:25am
Quoting T@rantula
{quote} Lets see if 2700 is reached. There are definitely more sellers at 2700 zone then 2675.
My limit order is waiting @2710 already. Hope it does not make any crazy move.
  • #20,096
  • Oct 23, 2014 10:29am Oct 23, 2014 10:29am
Quoting kalyan
{quote} My limit order is waiting @2710 already. Hope it does not make any crazy move.
haha same..2700 here.
  • #20,097
  • Oct 23, 2014 11:35am Oct 23, 2014 11:35am
Quoting kalyan
{quote} My limit order is waiting @2710 already. Hope it does not make any crazy move.
Same here 2700
  • #20,098
  • Oct 23, 2014 2:27pm Oct 23, 2014 2:27pm
EURUSD Sell @ 1.26953 ....
  • #20,099
  • Oct 24, 2014 2:29am Oct 24, 2014 2:29am
The analysis is still valid 2695-2710 zone should be still good to sell towards 2675 and 2620.
  • #20,100
  • Oct 24, 2014 3:20am Oct 24, 2014 3:20am
Is EU trying to move to 2584 before 2710?? Looks so
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