Re entering our Canadian dollar Japanese Yen long trade as the bullish price pattern continues to play out. Last week we traded it up to our take profit 1 before cashing out and now we are looking to re enter at todays pull back level. As per our trading view chart we have an ascending channel which has been tested multiple times and should the...
Enjoying this setup in Canadian dollar versus Japanese yen and the ascending channel which the pair have been in since mid May. We have had higher lows in RSI whilst price has been setting new lows pointing to a bullish divergence signal for the pair to move higher within the ascending channel as per our trading view chart.
The setup allows...
Looking at the weeks support level that has been created we are looking for a further push back up in the London open and NY open.
Very small stop loss in case this level is broken, small target of 60 pips,
1.30500 is a nice intraday support zone for USDCAD and it appears to be holding strong. Bearish momentum appears to ave levelled out now and price is trying to bounce.
A long position up to the bearish trendline could provide good R:R
After a big number on US Non farm payroll data surprised the market on Friday and threw the market into doubt over whether the US central bank, the fed, will cut rates at the next meeting giving the US dollar a bounce in strength into the weekend against market expectations. We are looking at a long setup in USD versus Canadian dollar with the...
Oil prices bumping up, recent geopolitical crisis
Look at CXY (Canadian dollar index) prices seem to be off major demand zone
Looking to revisit broken upward sloping trend line
Short from 1.34 potentially
Wait for price action to confirm
Looking at the CADJPY bearish trendline and descending channel it is forming.
Weekly fib 0.618 retracement and daily fib -0.27 extension align at the 82.800 resistance zone. If another 4hr rejection of this zone and lower high forms then I will enter short.
. There is a possibility of temporary retracement to suggested support line (0.74917). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support....
UC has given us accurate setups throughout the month.
This time the pair has broken 2 bullish trend lines. The recent bullish channel (4h chart) was broken and the pair retested its trend line it at the 61.8 fib level.
The most recent drop in the pair resulted in a breakout of a major trend line if we zoom out to the daily chart.
The price is currently being...
AUDCAD bounced on a monthly support giving us a nice divergency on the daily RSI. The pair is currently consolidating but I'm expecting a breakout upwards due the bullish push prior to the consolidation. Targeting the 61.8 Fib level.
Mine is APPLES.... because i love PIPS ;p
You can see that price is at a key weekly level, old resistance turned new support because of this we can only see bullish movement after a couple of weeks of bearish movement.
Now lets go to the MOON, i need to catch up with my family who live on mars.