Welcome traders to a free analysis breakdown.
This breakdown is a little different than normal, i have broken down the reasons for taking the trade and what we looked for leading up to pulling the trigger. Hopefully this can bring value and insight to your trading journey.
If there is any pairs you would like me to cover in the next video leave a comment...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on USDCAD , if you any questions on the pair let me know in the comment section below.
Once the pair gives us a valid trade entry I will be sharing the trade with the Alpha community, I hope you all found this chart helpful .
If you did like this free educational chart please...
Welcome traders to a free analysis breakdown.
Today I am highlighting possible trades on GBPNZD, if you any questions on the pair let me know in the comment section below.
I will be looking to take a trade on the pair if our trading rules are met over the next few days.
I would suggest keeping this pair in your watchlist to see if your own rules are met. If you...
USDCAD -
We can see the high amount of rejection from 1.3400 key level. The only thing stopping the swing trade to the upside is the resistance level at the fib.
We can short from here back to the downside with the trade if we get rejection price action. However if the pair breaks for the reasons highlighted in the chart we could be in for a nice long...
1) The downward trend has been broken and there may be potential to thE upside.
2) I would like to see a break of the resistance at the 74.33 level and potentially some kind of comfirmation such as as engulfing or a retest.
Its best to be patient rather than being wrong.
Risk to reward is roughly 4
For my free shorter term ANALYSIS___ the link is...
1) Price has been in a general upward trend since Sept.
2) Price has been moving within this upward channel and has come to the bottom of this channel. Therefore expecting a reversal.
3) RSI on the 4hr chart is crossing into the "oversold area". This may indicate a change coming soon.
4) Price has useed the 50sma as support historically, so it may use it as...
