With USDCAD today, applying specialized technical analysis, I suggest a counter-trend trade at the marked Supply & Resistance zone on the chart. The applied technical analysis includes:
- Market structure, Supply zone.
- Mid-frequency.
- Outer frequency.
- Fibonacci.
This trade carries high risk; however, the potential reward justifies it!
Good luck Traders!
Certainly, here's the translation of your technical analysis for GBP/USD today:
1. In terms of market structure, GBP/USD is clearly in a downward trend. It exhibits lower highs and lower lows.
2. It appears that GBP/USD may be following a 5-wave structure. At points 0, 1, and 2, we can anticipate that GBP/USD will continue to decline in the near future.
3....
My analysis of the GBPAUD forex pair is as follows:
Market Structure: I have identified the MINOR wave structure, marked in BLUE on the chart. The corrective wave structure, labeled 0A-BC and marked in RED, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C.
Price Action Momentum Channel:...
My analysis of the GBPJPY forex pair is as follows:
1. Market Structure: I have identified the primary wave structure, marked in red on the chart. The corrective wave structure, labeled 0A-BC and marked in blue, is also evident. By employing additional techniques, I anticipate that the correction will conclude at the designated point C.
2. Price Action Momentum...
