Trade Idea

[cadarkitek]

Engulfing bullish formation after the retrace to the up trend line which is also at the fibs. 618. Look for long entries on lower time frames.
Similar setup on usdchf to go short.

[cadarkitek]

Originally Posted by cadarkitek

This pair has formed a reversal candle formation at critical resistance shown on the daily chart, also its at the fib. extension 161 from the last wave up. Its possible we might see a retrace down to the up trend line. Look for short entries on smaller time frames.

H&S formation on the 1H formed after a break and test of the broken up trend line. Entry at the right tip after the engulfing bearish formation.

[xtraction]

AUDUSD still looks "expensive" to me. The sellers pushed it back down. I would wait for it to go "on sale" before I buy.

[xtraction]

AUDCAD looks expensive, too.

[xtraction]

The EURUSD isn't "on sale" or "expensive". Wait it out.

[cadarkitek]

Daily chart showing a possible H&S/Crown, we might a strong bullish run up to take out past highs.

[cadarkitek]

The market has retrace to test the outer trend line followed by a number of indecision candles on the daily, todays engulfing bar completes a morning star which might well be the start of a bullish run. A break of the counter down trend line will increase the chances of a bullish rally. Look for long entries on smaller time frames.

[cadarkitek]

4H chart is showing a break and test of the counter up trend line. Entered short after the evening star formation on the 4H. Note also the daily trend is down.......

[cadarkitek]

Morning star formation on the daily chart at the test of the up trend line. Look for long entries on smaller time frames.