Took a long at 9905, stop 9895.

USD/CAD Trading Room

A daily view so you can see where my lines come from. Possible short on a retrace back to 3130's.

EURUSD

Potential inverse head and shoulders pattern forming below parity.

USD/CAD Trading Room

Here is a nice setup. The 61.8% of the recent advance coincides with today's M2 pivot point and a prior resistance. Looking to buy.

USD/CAD Trading Room

It's in the middle of an old gap.

AUD/USD

I'm short 1.0180 .. The spike above 1.02 was on low volume, couldn't take it too seriously.

AUD/USD

Check the chart. Move stalled near the 1.382% extension of of the drop from 1.30's ... For longs, wait for a break above parity and then start to buy as close to parity on a retest with a stop no more than 20-30pips away.

USD/CAD Trading Room

I'll be around to hopefully help on a technical turn. I can already say that a weekly bearish divergence on MACD is forming. So I'll be waiting on a short setup much like the earlier one I posted under 1.02.

AUD/USD

Could be but that looks bullish to me. If it breaks up, take a look and try to short Euro. The head and shoulders is not well developed.

AUD/USD

No idea. Believing it will go to 1.06 will make you take longs just because "you believe". There's no way I would ever buy at this level. Look at the daily. Do you really want to be a buyer after all that buying has taken place? Wait on a ...

AUD/USD

Took a short @ 1.0163 Possible Head and Shoulders forming as well. Couple that with the weekly bearish MACD I spoke of previously, could be in for a reversal to start the new year.

AUD/USD

Thanks .. I was just about to post an update chart for comparison. I got in at both levels and have since took profit. Happy New Year to All.

AUD/USD

Got in at 1.0185 .. stop at 1.0205.

AUD/USD

It's a tough call both ways right now to be honest. Aussie did make a new high, and also is diverging on the weekly chart MACD... so I am looking to take a low risk short to end out the year, hopefully to catch profit taking from all the longs. For ...

USDCAD trend reversal?

You too ... on holidays now, so been sharpening up my trading technique. Otherwise, school has been going well thanks.

AUD/USD

See below. Any spike above the high should really only be a fake out to take out shorts. Be careful.

AUD/USD

Weekly MACD is diverging, see below. May see some profit taking before new years. I'll post another small chart with possible entry for short.

AUD/USD

Possible short setup. Overlap of Daily R1, a downsloping TL indicated on the 4-hour chart, a 38.2% and an area indicated on the daily with a white box. 1.5560

Cable Update (GBPUSD)

Yeah. We would need to see a strong daily close below parity to really open up the downside. Until that time though, it's good to pick the bottom of the range with a stop not too far off in the event of a break down.

USD/CAD Trading Room

No triangle has been broken yet. url

USDCAD trend reversal?