taming_the_mind

taming_the_mind Updated 

USDCAD made its new low at 1.3009. If you have heard the term from Tom Dante Swing failure pattern, the low 1.3009 is exactly a SFP. I admit I did chase price a little bit to have entered at 1.3089. I was looking at it 2 hrs ago and got distracted . Forgot to further analysing this pairs, then when I look already moving with great momentum! Target 1.3146

taming_the_mind

Current StochRSI reading on different TF: Daily (42.64, 37.06) - Notice from the period 6 Feb - 15 Feb 2016, stochRSI reading was in a Divergent ! 4HR (63.34, 58.69) - see the trend line that is making in the indicator! And how parallel the 9 and 59 EMA - suggesting it is a progressive accumulation and ready to break this major resistance 0.77062!!!! I am...

taming_the_mind

Current STochRSI reading on different TF: Weekly:( 93.74, 82.06) - overbought here Daily ( 53.69, 53.50) - no direction are indicating current 4hr ( 88.35, 92.56) - overbought at 15:00 current 1hr (2.18, 8.14) - oversold at 15:02 As we can see there is not much confluence in between one Timeframe to another. . On 16 Feb 2017, 1217 support low retest, as for...

taming_the_mind

Let see how the next bar closed to confirm.

taming_the_mind

would it break up or break down? I would like to see a Swing Failure Pattern to appear here so that I can Sell it OFF. Yet currently the momentum is bullish. so lets keep monitor it.

taming_the_mind

See yesterday high was just a pip higher then the previous high found on 15 Dec 2016. This is a sign of SPF candle bar formation. I am now monitoring on 60M chart for a confirmed reversal closed candle bar as my entry trigger point. Target 116.85

taming_the_mind Updated 

Finding support at 118.18 Target 1 118.66 Target 2 119.22 This bias is matching with Fundamental analysis also.

taming_the_mind Updated 

Breaking down

taming_the_mind Updated 

See how the bar closed. Swing failure pattern.

taming_the_mind

Looking for reverse signal from hourly closed candle to be confirmed.

taming_the_mind

See the blue lines. They are the levels to look for short opportunites.

taming_the_mind Updated 

Trade is already active, Long at 0.9745 Target at 0.9941 other Targets 0.9892, 0.9988

taming_the_mind Updated 

Entered at 79.09 Target 80.543 2.6R

taming_the_mind Updated 

TG1 :1283 TG 2:1292

taming_the_mind Updated 

see the chart

taming_the_mind

see the chart

taming_the_mind Updated 

This is a 3 points touched trendline, therefore, 1263 level gives strong support. The closed of the next 1 hr and 4hr bar is crucial to give us the information if Buy signal around 1263 will provided here!

taming_the_mind Updated 

see the chart