Just a quick analysis, not a trade signal. Trade on your own risk. There might be a drop on CAD as the pair is weak after the news release. There is a possibility that it could break the support and grab some liquidity down below before going back up.
Good morning ladies & gents,
After a period of accumulation, it is highly likely that EURUSD will start a bullish cycle up, this analysis is supported by a multitude of reasons.
1) After a period of accumulation, it's often that we see an inducement out of one side. This is the "Manipulation" phase, whereby they move price to simultaneously neutralise buy-side...
Good afternoon ladies & gents,
A long opportunity has been identified on USDJPY. Despite UJ being in a bullish orderflow on both the Weekly & Monthly chart, the Daily Bullish structure, this means we should be conservative with this position.
A bullish reversal appears to be taking place, the buy structure created is clear.
I'm looking for price to swing down...
Hello Traders,
Here we have a valid bullish flag pattern on FX:AUDNZD and now we are just waiting for a breakout to the upside. Flag patterns are also consolidation patterns, just like any other harmonic patterns ( cypher , bat, butterfly , crab , gartley ). This pattern is usually formed after a strong movement in price action. There are 3 main parts to...
Hello Traders,
Here we have a valid 2618 trade setup on FX:GBPUSD , which is very close to the completion point (61.8% fib retracement level). First of all market was able to break and close below previous support level (previous HL) after putting in higher highs (HH) and higher lows (HL). This first break in structure is an early signal of shift in the...
![AUDNZD: AUDNZD:BULLISH FLAG PATTERN FORMED, WAITING FOR BREAKOUT [4HR]!!](https://s3.tradingview.com/i/irVp0qOP_mid.png "AUDNZD:BULLISH FLAG PATTERN FORMED, WAITING FOR BREAKOUT [4HR]!!")
