USDCAD bulls have shown strength - during the London open we saw a bullish run and now during the US session we are now seeing a retracement.
I am now looking for price to reject 1.3303 - 1.3302 - I will then be waiting for price action to give me an entry.
Expansion
Here we have an intraday short idea based upon the third test of a descending trend line. The trend line is also part of a descending channel which has been respected multiple times as well. We can see a wick testing the trend line, then moving into a doji candle, showing the upward pushes momentum being tarnished. I believe this was strong enough...
USDCAD Short bias; currently hovering around zone at which lies the following: FIB, R, Psycho. “Overbought conditions of 14 day relative strength index also favouring the pair’s latest pullback” -FXStreet. DXY support- “10-year US Treasury bond yield is losing more than 4% on a daily basis suggests that the DXY's correction is technical and is unlikely to gather...
Bearish trendcontinuation, support and resistance break, LH A LL’s plus many price action patterns have played out for me to come to an over decision to go short.
Let’s see how this plays out.
Phill
Just like myprevious EUR/JPY set-up I'm short & I'm anticipating EUR/JPY to decline 18 pips with a risk to reward of 2:1 .
Reason being is because we are still bearshish with a lot of seller in the market, intraday S&R and strong
highs lows, lower lows plus, decending Triangle formantion which will most likely break to the downside & many more.
Lets see how...
I'm anticipating EUR/JPY to decline 35 pips with a risk to reward of 2:1 .
Reason being is because we are still bearshish with a lot of seller in the market, intraday S&R and strong
highs lows, lower lows plus many more.
Lets see how this trade plays out!
PHILL
As you can see from my chart I'm anticipating #USDUSD to decline 32 pips to 1.3004 with a risk to reward of 2:1 .
Reason being is because we are still bearshish with a lot of seller in the market, intraday S&R has been broken & many more key factors.
Lets see how this trade plays out!
PHILL
Price of #GBPUSD is overall bearishh however we have a intraday bearish break to the upside
with minor S&R on the smaller time frame. With a risk to reward of 2:1 and target at 25637
I'm anticipating for price to rally up 29pips.
Decent opportunity on the Chf today with some room to go down to the next level of support, pullback in this killzone is something to look at for an entry reason. Specifically like the minor level within the zone for but anywhere there works.
Here we can see EUR AUD has been in a strong downtrend making lower highs and lower lows at bottom resistance level we can see price cannot break below it any further and make any new lows. So now descending trendline has been broken and currently on the break and retest where it lines up with our favourable fib zone. Great R:R as well.
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.322.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3155.
TP4: S2=1.312.
Set the stoploss of these orders at breakout of R2=1.324.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=113.3.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=113.8.
TP4: R2=114.2.
Set the stoploss of these orders at breakout of S2=113.15.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.3225.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=1.3175.
TP4: S2=1.3155.
Set the stoploss of these orders at breakout of R2=1.3245.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.68.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=0.6865.
TP4: R2=0.6885.
Set the stoploss of these orders at breakout of S2=0.678.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.3265.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=1.332.
TP4: R2=1.335.
Set the stoploss of these orders at breakout of S2=1.3245.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
![EURJPY: EUR/JPY - Short [2:1]](https://s3.tradingview.com/o/OrtDblgJ_mid.png "EUR/JPY - Short [2:1]")
![USDCAD: USD/CAD - Short [2:1]](https://s3.tradingview.com/6/6kotFeyL_mid.png "USD/CAD - Short [2:1]")
![GBPUSD: GBP/USD - Long [2:1]](https://s3.tradingview.com/y/YsD1FG15_mid.png "GBP/USD - Long [2:1]")
