AS you can price broke the channel with a nice impulse and on the retest of the channel we can see a nice rejection on the 30min timeframe.
The top that make and drop is a resistance level from years ago which it no easy to break up. SELL IT MY POSITION.
The CADJPY is bullish in the long run but there might be a little retracement to the 50% of the H4 bullish order block correlating with the H1 bullish orderblock as well. After taken out liquidity from the downside it began to push up. But note, there is a lot liquidity lying on the downside which price action might take out. But I actually expect it to return to...
Price Mitigation on H1 OB Imbalance filled, Reversal should be in place
🚨 Trade Alert: BUY EURGBP H4 Entry: 0.90729 SL: 0.90486 TP: 0.91415 Risk/Reward: 2.82 🔔 Once in 50 pips profit, please use a trailing stop for every 50 pips it moves. USE PROPER RISK Only 2%. Disclaimer: This Message Is Only For Educational Purposes. Trade At Your Own Risk If you liked my analysis, follow me and comment below on what your thoughts are!
In this video update, we take a look at NZDUSD as we expect to see further upside to the currency pair in the bigger picture. However, the price has come up to a key resistance level where we could see price retrace from. Recently price has broken out of an inverse head and shoulders pattern and we should expect the price to retrace back to the neckline for a long...
CADCHF continues to range with in this daily wedge pattern with no sign of a break yet. After a test of the upper boundary, the pair has posted a triple top. We will be awaiting price action confirmation before looking for short entries.
NZDUSD is approaching our first support at 0.6707 (horizontal swing low support, 61.8% Fibonacci retracement , 61.8% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 0.6772(23.6% Fibonacci retracement , horizontal swing high resistance). Stochastic (55, 5, 3) is approaching its support where a...