EURCAD BUY MOVEMENT
Starting in July 2020, the price has been falling in a descending channel, practically not going beyond it. In February, the price managed to break through the strong resistance line 1.543 during the fall. This line is one of the strongest on the chart - it was formed in August 2012. After the fall, the price moves to the support line - the...
#CADJPY Continuing to rise in the upward channel that began its existence in October 2020, the price came to the strong resistance zone of 83.83 formed at the intersection of two lines. One of these lines is the channel resistance line.
The second is the currently strongest resistance line for the chart, created in 2015! Despite the fact that the last days the...
GBPUSD TRADE FOREACAST
free analysis breakdown.
Today I am highlighting possible trade areas on GBPUSD , 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 breakdown helpful .
If you liked this free educational...
Another setup to compliment EUR shorts, eastern pairs are on fire at the moment, NZD and AUD. Possible pullback to retest the underside of the structure break before selling off further.
1.56 whole number support is now being used as resistance. Down-trending nicely. Something we could possibly scout out, EURAUD also dipping downside.
AUDUSD Trading idea comment:
The previous AUDUSD trading idea provided on the 12th of November 2020 was expired after the breakout of the final SL resistance level of 0.736000.
The direction changed from bearish to bullish after the breakout.
Market during the first half of January in 2021 was very quiet and did not fluctuate much for most pairs.
This chart is an extension of my last idea. I drew the Fibonacci retracement from the last high to the recent low and it coincidentally matches up with my T/A.
I'm even more confident with my idea now if this plays out; nice profit!
Trade safe with a stop loss, the stop loss on this chart is just below the previous low in case we form a double bottom pattern,...
Please remember Cryptocurrency dose not work like forex and this is my personal view and based on my analysis and theory. Let us know what are your thoughts about this ETH?
I am expecting ETH to rocket up just like BTC as soon as the price breakout from resistance area, It will be good opportunity to hold/buy some ETH or if the price start falling, you can wait...
Price contracting nicely, respecting my levels so far. I bought in slightly early, but with a stop-loss tucked under the wedge nicely.
I believe that with the national lockdowns more people will shop online, thus Amazon will pop to the upside. This ties in with Amazons continued growth, and respects the previous trend and chart pattern.
All confluences to...