EURCAD - I posted this chart a while back. Price has been testing long term channel support. This is a huge channel forming all the way back in 2012. We can see..... 1) Test of support rejected. Long lower wicks, close above. 2) Price breaks below support. Bulls are able to push price back above channel support, but can't hold it. 3) Price back below...
Short trade set up on CADJPY. Bullish trendline is broken. Lower highs forming on this timeframe. Looking to trade this pair down to the bullish daily trendline before going long.
we have nice opportunity to open short position here for CADCHF. we have strong resistance on the red line that keep price below itself for 9 month ago till now. we open short at .764 and put stoploss above red line and target is long Trend line (black) that is supporting price for more than 4 years!
Price is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.6859 Stop = 1.6834 Risk = 25 pips Profit target = 1.6940 ( The projected daily high ) Reward = 81 Pips RRR = 3.24 - 1 I would appreciate if you leave a comment or like as a thank you Allen This trade was analyzed and discussed...
Confirmations Market structure Institutional candle highlighted in yellow Fib levels are between 62 - 88% Imbalance below 4 out of my 5 criterias have been met which has made this trade for me a high probable set up, i am expecting price to go higher to atleat 50% of the institutional candle which is where my second entry is however right now price seems to be...
bearish on gold this week (wont be trading on Wednesday due to fundamentals (massive volatility expected) -check out my previous analysis on gold last week link down below)
on the daily chart you can spot the descending channel and as we start to get to the top of the descending channel we get a tight ascending channel which is a strong bearish confirmation to go short.
Could be a nice selling opportunity on the horizon Will be looking for a set up then looking to go short down to the lows. Any questions feel free to ask
This pair here hit most of its bull tps last week. Bought we are now heading into the overbought area and bullish harmonics are forming on other JPY pairs. We should see a retracement of the bull rally before continuing further up. BEAR TPS: • 82.230 • 82.753 • 82.239 • 81.895 BULL TPS: • 83.992 • 84.405 • 84.889
There is chance to see from now more bearish market ENTRY: 0.76200+- TP1: 0.75900 TP2: 0.75700 SL: 0.76450 Chart time frame - 4h Time for reaching TP - 3 - 48h Follow, Like, Share or Comment Thanks on supporting! All best!
My EURCAD idea before this new one Now i expecting more bulish market ENTRY: 1.44850+- TP1: 1.45150 TP2: 1.45400 TP3: 1.45600 SL: 1.44500 Chart time frame - 4h Time for reaching TP - 3 - 48h Follow, Like, Share or Comment Thanks on supporting! All best!
ENTRY: 0.89300 TP1: 0.89600 TP2: 0.89800 SL: 0.88930 Chart time frame - 4h Time for reaching TP - 3 - 48h Follow, Like, Share or Comment Thanks on supporting! All best!
Daily Chart Explanation: - Price bounced on the Resistance Zone . - It broke the Weekly Ascending Trendline . - Now, the down move have already started. It has potential to move down towards the Middle Support Zone first and, then, towards the Support Zone . - We are looking for sell setups on lower timeframes. Weekly Vision: 4H Vision: Updates coming soon!
GBPCAD trying to break minor down trend line for correction wave The pair found strong support @ 1.6728 could't break it supported by volume profile (accumulation area) now price near H1 Resistance ( past resistance + GANN resistance ) , just need real breakout to buy
Welcome to our weekly trade setup ( GBPCAD)! - 1 HOUR Bearish market open this week. 4 HOUR Great long entries at our support zone and price action turnover. DAILY Bullish waving market with several pullbacks, looks like we need a turn now! - FOREX SETUP BUY GBPCAD 1ST ENTRY @ 1.68060 (wait for trigger) 2ND ENTRY @ 1.67350 SL @ 1.66090 TP @...
The CAD/JPY on the hourly time frame has been following an uptrend recently. The price jumped above the key level of 83.500 on 29 October to reach the highest level of period under study at 83.564. Bulls are pushing the price higher as key technical indicators are supporting the bullish trend. The price action in the currency pair is mainly driven by the recent...