Reiterating my long stance on bonds. I see two possible outcome which could ignite TLT back to its previous high.
1) The broader market gets back to it's previous high in which case I think TLT will likely follow as institutions hedge on the way up
2) We go for a deeper sell of in the broader market completing an ABC correction which may lead to a flight of...
As we can see that EURCAD has created some sort of Cup and Handle formation and now we await confirmation. We're waiting for a H4 rejection off the 0.618 fib (Risky Entry) or the break of handle (Conservative Entry). Make sure to risk manage well and take profits along the way.
NZDCAD has remained bullish for a couple of weeks and if the dollar continues to depreciate,
I will be expecting the momentum continue to be the same in the long run.
On annual TF - price moves in the bullish cup and handle pattern
pending breakout of the monthly channel.
While on the daily TF, it moves in the expanding triangle.
Both of these, couple with...
Cup and handle is a trend continuation pattern and if it is formed at higher time frame,
it is highly significant and in this case, EURCAD will continue its bullish momentum.
There are multiple entries you can take here and in this case; with the highest risk reward are the
i) SHORT opportunity during the course of handle formation.
ii) LONG opportunity from the...
Potential cup and handle pattern on the 1-hour chart (For GBP/USD). Also a likely breakthrough on the 1.250-1.252 resistance level of risk-on optimism continues globally and USD weakness continues.
Note: My analysis is NOT professional investment advice, so please take responsibility for your own actions.
hi everyone just looking at USD ZAR and GBP CHF just a little breakdown on both pairs and let me know what you think as well both looking really nice at the moment so let's see how they play out for next week i will keep you all updated :)