The market on the 4h time frame just broke the resistance structure. After a double top on the retracement the price is heading to the recent lows as 1st target. We can look for a short order according to our strategy. ––––– Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only...
New came out this morning for CAD on BOC statement, which we are looking to sell on the downside of the market. Look to scalp TP: 1.693-1.69
🔸 4H CHART EXPLANATION: . . 🔸 Price bounced at the Weekly Ascending Trendline. . 🔸 At this moment, it is facing the Descending Trendline. . 🔸 If price breaks to the upside, it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
Where would you enter your position? This is my technical analysis on this pair – applying a breakout strategy on the 4H timeframe. Only if all the rules of the strategy are met, will I enter a trade on this pair. Updates will be posted. #breakout #swing trading #forex
Price is in downtrend and should make new lower low. First target previous swing low.
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bearish market turned bullish again.. 4 HOUR Expecting another push to the upside towards 1.71050! DAILY Overall strong waving market structure, great long entries! - FOREX SWING BUY GBPCAD ENTRY LEVEL @ 1.70320 SL @ 1.69790 TP @ 1.71040 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels -...
Afternoon, So EURUSD Downtrend with a intrend divergence! You can take it 2 ways wait for the TDI cross!! or enter when you see it! Me I will wait for it to cross and see if the RR is good enough to take the entry!! I personally do like to wait for confirmation before heading into a trade.
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
GBPCAD broke major downtrendline Price rebounded from demand zone at level 1.69990 which corresponds to 161.8% Fibonacci extension Price is supported above HVN at level 1.7050 which indicates that pair is in accumulation phase Above SMA 100 on H1 frame MACD shows weakness in bearish momentum RSI is above level 50 We r waiting price to exceed resistance level at...
Bias of being bullish, strong bullish area. Overall trend still bullish. Looking for a bullish rejection to the target area,
🔸 4H CHART EXPLANATION: . . 🔸 Price is on a downtrend. . 🔸 The Support Zone has been broken and the potential target area of the downside move is the Ascending Trendline. . 🔸 We observe that price has been consolidating on a little range for the last hours. . 🔸 We consider that, if the range is broken to the downside, then the Ascending Trendline could be...
Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the price is at very crucial point. Wait for a breakout. Let us know your views on this in the comment section. Thank you all. There is good news for...
Looking to Long GBP/CAD for a trend change to the up. Targeting 60 pips with a SL of 15 pips.
Looking for a retest of the channel it broke out, tot hen push down to previous support which lines up with the -127.2 Fib
Price is testing our support in line with our horizontal overlap support, 61.8% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce to our first resistance level . Attached is the video analysis so do check that out as well and let us know what you would like to see next!