TradingClear

TradingClear

OANDA:GBPAUD . Selling at the 0.786 Fib of the previous downside movement seems like a good idea, as with a potential target in the 1.605 area the R/R and a stop loss above previous high, the ratio is just outstanding. If you prefer to have a confirmation, wait for an impulsive break of the previous upward channel, then a flag, then enter on the break of the...

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OANDA:GBPAUD is tiredly crawling its way back towards the previous top. It is still unclear whether the progression will be given by 3 or 5 different movements, but eventually it will break the trend line that it is forming and will fall, also given the increasing divergence, so selling the break seems to be a good idea with an excellent R/R ratio. Stop above...

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Eventually, the year-long correction will end, and OANDA:USDCAD will begin a huge impulse toward the downside, with targets in the 1.22 area or below. The question is: when is this going to happen? The answer is: no one will know, as no one has a crystal ball for this. What we do know, however, is that we always need to be ready for this movement, so between...

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OANDA:XAGUSD seems to have just completed a corrective structure. If this is the case, it is a good idea to go long right about now, with a first target in the 19.6 area. Upward movement should be of an impulsive kind. However, should the price of this commodity against the dollar form a flag, there is a chance that OANDA:XAGUSD might retest the 2016 low in the...

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OANDA:GBPAUD seems to have completed a three wave corrective structure, and is ready for a downside impulse. Could move in profit very fast. A first target area would be represented by a retest of the downside base trend line, and a second potential target would be a retest of previous long term low. Updates on lower timeframes will follow. Trade with care and...

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Watch this pair closely. There might be a nice trade to the upside, if OANDA:CADJPY breaks the monthly long downward correction channel. Wait for an impulse and a flag, to confirm the pair's intentions, as the price might correct further to the downside to the 0.618 Fib area. Nonetheless, if it breaks, don't miss this great trading opportunity with an excellent...

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EURNZD is in a corrective structure following a short, but strong, upside impulse. Looking at the weekly chart (down below) the impulse has yet to begin! A trade not to be missed. Updates on lower timeframes will follow.