Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In the last couple of days, we have witnessed how price have been oscillating right around the major bearish trendline identified on the daily time as participants remain sceptical of taking a decision. In this video, I was able to illustrate how we can plan ahead of the new week to take advantage of any potential momentum building up.
Risk Disclaimer:
Margin...
Connecting the series of lower highs by drawing a line over pivot highs reveal the prevailing direction of price action in the last 4 months as bearish.
Despite witnessing a couple of bullish engulfing candles (4H timeframe) during the latter part of last week's trading session, I am of the opinion that the price might respect the bearish trendline one more time...
The reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin.
NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish momentum
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs,...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
In a similar scenario to what we have on GBPUSD, the price is back into the trendline which was broken to the upside. I am hoping to see an uptrend continuation in the future.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this...
GBPCAD is presently running with over 100 pips in profit and we are still within the demand zone. I am expecting a retracement where I might be presented with an opportunity to add to my existing position. You might want to check the link below as I walk you through my thought process prior to making the decision to buy the Pound
Risk Disclaimer:
Margin trading...
Even though this was not part of my plan for the week; the identification of a reversal structure within a strong demand zone on a weekly time frame incited a call for attention.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of...
