I expect the price to rise according to the drawn pattern We will usually look for Hiken Ashi bullish beta candle formation in these areas
A HIGH timeframe 4hr-1hr chart breakdown on USDCAD using SMART MONEY CONCEPTS trading strategy... Expecting price to drop towards our AREA OF INTEREST for a sweep of trendline liquidity and imbalance before a change of price to the upside (BUY TRADE)
Hello friends , so Today i will be looking for this pair for Buying . we saw yesterday USDCAD moved very well as i was expecting , but the thing is will today USDCAD move again or not , i am hoping it might give some heavy dip and then UP , overall my view is Bullish ... Have a Good day !
Hope everyone's enjoyed a break, I took a lot longer then expected with moving in the process so I will have a mic set up very soon for more chart insight from myself! Anyway I thought id just share my view here on USDCAD and then cover some more pairs on request... The start of January is always quiet but as price picks up ill be watching this pair around the key...
Hello dear fellows, thanks for your Love and Appreciation that i am receiving since i actively publish trade ideas again. It has been long time since i posted the Weekly Trade setup. SO , here is my coming week's Trade Setup which i will be actively watching and might share with you when i will be in this trade . ( PS : i am not an artist so you guys never...
Looking to see if price is going to make a push up on the 1-4hr, if we do see that ill be looking at areas to buy from... ONLY look for buys if we see some bulls set back in at the current time I still do expect to see price tap into support!
Looking for this rejection to continue and hopefully we can see a nice push up to then give us a risk free trade to start the week! First targets 0.65000 where ill look at taken a percentage then hopefully can push higher!
Looking to see if we can see a push from the current area or maybe a little dig down into the 0.99 support for then price to continue the upside rally to the last long term lower high... either way we should get a small move up so will look at entering and moving stops to break even..
No trades at the moment but just sharing the area ill be waiting if price can make a retracement to it. If price does make that short term downside move ill update the reversal moves ill be looking for from there and hopefully we can catch that next leg up!
Still holding that long term short bias but am also open to getting another possible buy position.. trading for me is just entering at the most likely areas price moves from and then take what comes off that..
Nice risk reward trade idea off this current 1hr resistance which also lines up with the other pairs I'm looking at (AUDUSD pullback). Morning star formation on the 1hr so we should see price push up from current price!
So price making some nice moves giving us a nice direction for now... ill be waiting for a retracement to catch the next leg up!
Nice move up last night as expected so trade is running risk free and trading above that minor resistance I pointed out, Should see price tap into 0.99 where ill be taking some profit!
Price got messy so I closed my trade a break even, since doing that we seen another attempt to push back up so I will be eyeing out some more buys if price can make a right shoulder rejection off 160.500.
Stalking price very closely at the moment looking for another rejection, coming into London session may be a nice opportunity for price to make a bounce from this support for at least a retracement!
As always make sure stops are at break even if you took buy trades, price is in an area of 2 key levels as highlighted and can do anything from here... (create a right shoulder for a short) or ( continue long term continuation to the upside). I believe price will be slow and will be waiting for a reaction to the fundamentals before giving a clear direction!
Ill be monitoring price around the highlighted zone (91.650) early next week to see how price reacts. We should see a bounce at the least which ill be taking long trades to give myself the opportunity to hopefully see price return to the resistance of 95.700. On the daily you can see we have already had one rejection from this support zone, so a nice morning star...
A bullish opportunity recently presented itself on the pound-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 1.11000 psychological level. A stop loss below the 1.10500 psychological level and a profit target anywhere between your entry and the swing high of 1.17791 could give you a reward-to-risk ratio...