QuileHills

QuileHills

AUDCAD has entered an area of previous consolidation after a strongly bullish past 8 days. The RSI for the pair on the 4H and 8H charts has formed some hidden divergence to compliment the potential for a bearish movement. I'm going to be watching at the market roll over time to see if the daily and 8H candles are favorable to a short entry.

QuileHills

GBPCHF has potential to form bullish hidden divergence on the 4H RSI, signalling a potential for one more drive up creating a new local high. The pair has been held below 1.27 for all of 2017 thus far. I'll be watching price action around that range resistance (green line) to potentially short the pair down to the 1.24 level.

QuileHills Updated 

USDCHF just barely popped over its weekly pivot which lies just beneath the 38.2% Fib point for a larger time frame leg starting on Nov 9, 2016. Since the pair's rejection from the Pivot I'm targeting S1 near .9957

QuileHills Updated 

AUDNZD appears to be bouncing from the 1.06731 level where a short term trend support (red line) intersects with this week's Pivot point. This week's R2 is in the same relative zone as 50% retracement level of a long term range-defining weekly leg which has acted as the top of the pair's range since said weekly impulse leg was formed. The original design of this...

QuileHills Updated 

CADCHF is currently retesting its previous trend support (white line). It two recent small bounces from the 23.6% Fibonacci retracement of the most recent bull leg. I'm placing my sell stop entry just below these two bounces in anticipation that a break of this level could lead the pair down to at least its 50% retracement level though I may extend my TP to...

QuileHills Updated 

AUDCHF has formed a local double bottom after breaking its trend support (red line). I'm looking to enter short with a break of this double bottom. This is a similar entry to my previous idea where the entry never got hit but now I have a well defined top to allow me to more strategically place my SL above.

QuileHills Updated 

GBPCAD is forming a descending triangle near the intersection of its trend resistance (red line), shorter term trend support (blue line), and the structural resistance formed by the range the pair maintained from November to early January. I've positioned myself with a sell stop order below the bottom of the descending triangle in order to catch a bearish break,...

QuileHills Updated 

EURUSD just barely dipped under its trend support (red line) during NY's Thursday session. As far as I'm concerned, there pair is still bullish at least in the short term while it remains above this trend support but I'm positioning with a sell stop order below the trend support and below the local low just underneath the trend support.

QuileHills

GBPCAD is approaching its long term trend resistance intersecting with minor intra-range support along with some recent structural resistance. I'll be watching price action here. I'm biased to the short side at the moment but a break out through the trend resistance (red line) could bring the pair up to the 1.71 level.

QuileHills Updated 

USDJPY is currently testing its channel resistance which I mentioned in one of my previous ideas. I'm now positioned with a sell stop order as shown.

QuileHills Updated 

AUDCHF recently broke its trend support (red line) after peaking in an area from where the pair has been rejected several times over the past year. Since the trend support is broken, I'm positioned with a sell stop order as shown with a target near the 50% retrace of the previous bullish leg which has confluence with some recent minor structure.

QuileHills Updated 

AUDJPY appears to be continuing it's bullish bias after bouncing off it's trend support (red line). I entered the shown trade this morning with what I believe is a conservative TP at a retest of the previous top just over 87.5.

QuileHills

USDJPY has formed a bearish channel over the last month or so and is nearing it's channel resistance yet again presenting the possibility to enter a good short trade on the pair. I'll be watching the behavior around the intersection of the channel resistance and intrachannel support. If it's favorable to a short entry I'll likely target just below the 111 area.

QuileHills Updated 

Since the end of last week GBPJPY has been riding along it's trend resistance (red line) forming a bullish flag. A break above 142.082 could give the pair a run potentially to the 145.5 level. However, if the pair continues to run along it's descending trend resistance breaking through my shorter term trend support (blue line) I'd be biased to the short side and...

QuileHills

I'm currently short on EURGBP since it has broken my short term trend support (yellow line). I'm looking for the pair to at least retest it's recent lows in the 0.83 area. After a quick small jump due to the results of the court ruling on Parliament's involvement in Article 50 the pair appears to be heading back in the direction of my trade.

QuileHills

This morning I entered GBPJPY with a Buy Stop order as shown with the pair breaking out upward from the Bull flag it had formed along it's trend resistance.

QuileHills

USDJPY may be bouncing off of its 50% retracement to continue bullish. I'll be watching the current 4H candle. If it forms a bullish pin bar I may set up a long entry using lower time frames for entry accuracy.

QuileHills

USDCHF has opened this week with a 4H bearish pin bar at the 38.2% Fibonacci retracement of the previous bearish impulse leg. There is structural confluence around this area (a bit easier to see on the 1H chart) as well to support the hypothesis that the pair could retest its recent low of 1.00868 if not surpass it creating a new structure low.