QuileHills

QuileHills

I hopped in on an AUDCHF short last week due to structural resistance on the weekly charts. I've closed part of the position now and moved the original SL to just below BE. I've also put a second order in to grab a bearish continuation at a flag breakout as shown. The pending order is the same lot size as the recently closed part of my original order but with...

QuileHills

USDCHF bounced from the bottom of its weekly range, forming a bullish flag formation visible on lower time frames (4h - 12h). I entered long as shown on the chart at a break of the flag, initially targeting previous structure for my TP though final TP will be dictated by price action.

QuileHills

An equal weighted average of GBP vs three major commodity currencies (AUD, NZD, and CAD) shows potential for the start of a bullish move starting here in the middle of the range formed since Brexit. My chart shows some consolidation in the immediate area potentially closing this week with a small bullish Doji. I currently have a GBPAUD short open with SL at BE,...

QuileHills Updated 

EURUSD entered an area of historical resistance in the last week of June. If the pair stays stable, completing only minor price point fluctuations, a bearish Doji will form. The presence of a weekly Doji nearing market close Friday would be a strong signal to enter short in this area in which case I would enter short similar to the trade shown, targeting the minor...

QuileHills

NZDUSD is at the top of it's weekly/monthly range, maintained since September 2016. I'm already entered short as I don't anticipate much volatility in USD pairs with the holiday approaching. My stop is place above both the apparent weekly doji (too early still to call it a doji as it is only Thursday at the time of posting this) as well as above the previous high...

QuileHills

It's still early in the week but GBPCHF has potential to form a bullish Doji if the pair remains calm for the rest of the week. This support area has failed to break the 3 times it's been tested this year and is complimented by the support created in 2011 which was tested in October of 2016. If the pair closes the week with a bullish Doji I'll enter long with a...

QuileHills Updated 

GBPJPY looks like it may form a small bearish Doji to close the week this week right at the resistance created by previous structure since Brexit. If the Doji does form, I'll likely look to enter short at the beginning of the next week, targeting the support shown by the purple box and depending on price action in that area I may target the lower support area...

QuileHills

This .875 - .885 area has proven to be a solid area of resistance for EURGBP so far this year. I'll be watching how the pair behaves later this week to potentially enter short. I would be targeting around 0.84 ideally with a trade designed similarly to the one shown.

QuileHills Updated 

GBPAUD has maintained a tight range for the past two weeks after a strong bullish climb within its larger range, maintained since July 2016. Depending on the price action today, I may enter a short position similar to the one shown, targeting the bottom of the nearly year long range since Brexit.

QuileHills

EURSGD has potential to form a weekly bearish doji candle within a zone of structural resistance. If it does I'll likely short the pair with a similar trade as the one shown, targeting the 1.50 area.

QuileHills

It's still early in the week but I'm going to be watching around close on Friday to see if EURJPY will form a bearish doji. The pair is within the range of previous structure which could serve as resistance. If the bearish weekly doji does form I'll likely enter short, looking to take profit just below the 116 level.

QuileHills

Based on the historical range of NZDCAD going back 30+ years, it may be a good time to start looking for shorts, whether intermitently selling at peaks or sustaining a long term short position. Cycles over previous decades have spanned 4-7 years, we're currently at the 8 year mark since the last low at the long term range was created in the beginning of...

QuileHills

AUDCAD has reached the top of it's weekly range and appears to be getting rejected back downward. I'll be monitoring the pair for an entry signal toward the end of the week.

QuileHills

Barring any interruptions within the next hour, EURGBP is about to form a bullish doji on the 8H charts. Taking a look zoomed out on the daily charts, the pair has been ranging between 0.83 and 0.88 since November. If it continues this bullish intrachannel run, history shows it will likely overshoot the mean created in that time period. If the bullish doji does...

QuileHills

AUDCAD formed a 4H doji after retracing a bit of it's bullish run. If it consolidates tightly in this area for the remainder of the current 4H candle then the 8H candle will also form a good bullish doji. I'll be watching the pair after rollover to possibly find a good long entry once spreads settle back down to their normal size. I'll likely target 1.024-1.026,...

QuileHills

The 8H charts formed a small bearish doji, so I entered short again. Some of you may have seen my first attempt which hit my SL. Perhaps I was too aggressive with how tight my stop loss was with the pair so far from its channel resistance. This trade is starting off well with a good initial r:r of 3.8. As before future price action will dictate the potential...

QuileHills

After getting the 8H formation I was looking for on the candle close, I've entered a short trade on AUDNZD as shown. Note that SL and TP could change based on future price action so please do not take this trade design as gospel.

QuileHills

AUDNZD has entered an area of previous consolidation. The pair has been bearish since mid March so I'll be watching the 8H candle close at 9am EST for a sign to enter short.