Best Thread Potential setups

[Bloodhound]

Gbpchf

GBPCHF is at quite an interesting level......

 

[rawrschach]

Another rising wedge/Head and shoulders in FTSE?

 

[foredog]

I've got stops at 1.3005 right now as my stop strategy dictates.

Probably a hindsight comment now but...why not have stop just below big figure as this may have provided additional support?

 

[leovirgo]

Yg

YG looks like a double bottom and trying to break above resistance line. Break out, pull back, SR switch and then a potential long towards the descending trend line above? Haven't done much on daily so correct me if I am wrong.

 

[teojh]

Regarding USDCAD,
I agree it is a good trade but dont be so sure........ look back at 11th & 12th of feb. Double pin, same level, same price action into it.... didnt even make it as far as your risk.......

Oh thanks for pointing them out . im using veteran floor trader method to trade. During the 11 n 12 feb, i wun short coz its an uptrend for me. This time its a retracement off a down trend for me.

 

[KillPhil08]

GJ on downtrend EJ on top of range, now. Look for breakouts / bounces.

 

[bbmac]

gbpusd

Cable inbetween 2 x 1hr trend lines atm?

 

[KillPhil08]

Pow

 

[trader_dante]

Probably a hindsight comment now but...why not have stop just below big figure as this may have provided additional support?

There had been five attempts to break 1.3030 area. All of them failed.

The last hour created a fairly good looking pin bar.

The lows of that pin ALREADY tested the round number.

The market tried to get higher and once again got rejected off 1.3030.

So, in a nutshell, I didn't think that if I was right, it should have got down there.

 

[Technically Fundamental]

Pow

?

 

[vinicius]

1hr inside of inside bar GBP/USD

 

[omni]

?

Aaronmalins,
The "pow" referred to eurjpy breakout i believe.

 

[Blue Ruin]

GBP/JPY

I've pencilled in an appointment with this pair for early Monday.

Lots of fibs gathered at that level too, but they make the chart less pleasing to the eye.

 

[advfntrader]

EUR/CAD. price has not yet broken Daily pinbar of 2 days ago. 1hr Pinbar has formed to suggest short.
If Daily Pinbar hold this is a good opportunity to get in right at the top of it, low risk for big reward

 

[trader_dante]

EUR/CAD. price has not yet broken Daily pinbar of 2 days ago. 1hr Pinbar has formed to suggest short.
If Daily Pinbar hold this is a good opportunity to get in right at the top of it, low risk for big reward

Too much support underneath it for me but good call, nonetheless.

 

[foredog]

1hr inside of inside bar GBP/USD

and again

 

[vinicius]

and again

GBP/JPY as well, at resistance..

 

[supremegizmo]

i was about to publish my newsletter for my firm .. thought to post half of it here for you lots
EUR/USD has rebounded after placing a double bottom at 1.2880. Intra day bias stays on the
as far as 1.2970 minor support holds which is also previously tested resistance turn support line
and 55 Exponential Moving Average (EMA). European dealing saw Euro testing yesterday's
high 1.3046 and retracing back to find support in 1.3000 area. A break of 1.3040 area will
put cluster resistance 1.3080-90 into test. Further 1.3080 also holds 38.2 % Fibonacci resistance
of 1.3393-1.2887 down move along with 200 EMA(1H ),55EMA (4H )and R1 on Pivot Point.
The downside remains intact as far as minor resistance 1.3130 holds and a settlement above the
later will make bias neutral. Overall the rally in EUR/USD could be attributed to profit taking ahead of G7meeting where key issues like IMF Special Drawing Rights (SDR) will be discussed.

Technical traders to note that the Dollar Index has rejected the 61.8% Fibonacci resistance
of the 89.62-82.60 down move and is retreating its up move which has temporarily given equities
an currencies boost.

 

[2Tall]

Dax

1H pin on DAX off pivot and 50% fib for long entry, I got in at 4576. First problem area could be yesterday's highs at about 4616, 2nd problem area would be 4700.

 

[advfntrader]

also a double top on 1hr.

Too much support underneath it for me but good call, nonetheless.