EURCAD H4 - Down on that support zone, seen an 11 pip bounce, looking to set new highs on a lower timeframe and retest that 600 support again for entries. Just entered London open, so be aware are market traps.
EURNZD H4 - Seen a 100 pip rally from support here, hoping to see something similar on EURCAD, we wanted to take a trade from EC rather than EURNZD due to RR benefits. EC seems to be lagging for the moment, saw a nice H1 engulfing from support, but have yet to break the counter trendline.
Looking at EN pushing higher to grab liquidity stop out some sellers.
My confluences are
- Structure break
- Institutional candle
- Institutional level
- Fib kill zone
Looking at an overall bearish picture but still good for atleast 100 pips in my opinion. Give these type of trades out all the time in my discord channel, click the link in my profile to...
This is a long (buy) trade that should be open for roughly 1.5 weeks. Due to COVID 19 the market are highly volatile and are prone to rapid recession or upturn. Watch your trades carefully.
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. While the price is below the resistance 1.2265, beginning of downtrend is expected.
. We make sure when the support at 1.2024 breaks.
. If the resistance at 1.2265 is broken, the short-term forecast -beginning of downtrend- will be invalid.
. A peak is formed in daily chart at 1.2640 on 04/29/2020, so more losses minimum...
Today we take a good look at NZDUSD and see what kind of potential opportunities there are for us traders. I utilize more of Fibonacci retracements, Fibonacci extensions, undamental and a bit of Elliott Wave theory to pick these setups.
Please tell me your thoughts and I'll do my best to reply everyone! We will be doing video analysis every day and we hope to...
NZDUSD H4 - Here is the break on our H4 resistance zone, looking to retest the 0.61400 mark for potential long entries. Ascending trendline support is playing out really well too!
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AUDUSD H4 - Double top on the higher timeframe forming, 0.66 is a big psychological whole number, we could do with a channel retest really, all very aggressive movements this morning as we move into regular trading conditions (market volume). If we break this 0.66 handle to the upside, we can enter long on a retest, PA confirmation req'd.
For more information,...