ForceFollower

ForceFollower

Looking to take profit just below the range at the top. Relying on the dollar's recent weakness and the euro's strength.

ForceFollower

If I'm not wrong about the US Dollar's weakness and Yen stays strong as it has since May 22nd, we'll see this pair's price below 100 and perhaps even reach the red Median Line of the big fork, although the purple channel parallel is more probable.

ForceFollower

Looking to take profit along the upper sloped line.

ForceFollower

I won't take it with a limit order. First I'll wait and see, if the down trend line is tested and rejected. Only then will I enter.

ForceFollower

Euro has weakened a bit today, so a bet for a small correction seems to be warranted. Even if it is against the recent weakling - the Aussie. I believe, the pair can't go much higher now - needs to take out those longs that have their stops below the recent low, in order to get the fuel for the next rally.

ForceFollower

Recent recovery of Frank and US Dollar's weakness allow me to bet on an idea that USDCHF will eventually fall and hit the sliding parallel.

ForceFollower

Kiwi starts to press its muscles, and yet the down trend against US Dollar doesn't seem to be over yet.

ForceFollower

If resistance holds, we'll see a continuation of the down trend. Frank will strengthen again and Canada will yield.

ForceFollower

Jittery nature of the pair spawns multiple trading opportunities. It requires a "rangy" approach but is quite manageable, esp. if the stops are wide.

ForceFollower

Weakening Frank will probably show its strength again against the weakest of the all: the Aussie. That's why I find a short with a target at the recent low a good idea...

ForceFollower

Swiss Frank looks like it's been given up on, while Yen is resuming strength. That's why I'm going short. Target: Median Line.

ForceFollower

Yen may soon be done weakening and will get stronger again, whereas Canada still looks weak. A short towards the quartile of the down fork seems to be OK.

ForceFollower

Kiwi is no competition for Yen last days, so a short in NZD/JPY is warranted. It may be hard to get filled though, but the R/R would be decent.

ForceFollower

Kiwi/Canada broke out of the down fork. Now it looks free to go up. I wouldn't expect too much though, and yet both the recent strength of Kiwi and Loony's feebleness allow me to bet it's gonna make a new high somewhere along the upper border of the channel.

ForceFollower

In recent hours Kiwi seems to be stronger than Pound, so a short may be a good idea. Both the lower median line parallel of the up fork and the lower band of the downward channel may soon be hit.

ForceFollower

Two positively correlated currencies: Aussie and Kiwi have been both weak with Kiwi actually a bit stronger, so that the pair's been inching downward for the last two months. Now as they approach the Warning Line a reversal in their relationship may be observable.

ForceFollower

US Dollar still strong and Loony looking swoony. Possible bounce off of the lower band of the channel and a subsequent rally to the upper band. A decent R:R.

ForceFollower

Not my favorite reward to risk, but should be worth the effort. EUR recently relatively strong and GBP weakening. So I expect the upper boundaries of both the rising blue channel and the declining large green channel to be hit.