Price has recently made a lower high and has broken the ascending trendline on the 4hr.
Safe entry: On break of the zone marked and a retest with TP -27
Nice descending parallel channel set up on USD CAD. Also a general bearish trend on a wider time frame.
Notice Lower Highs and Lower lows on the chart.
We look for a retracement to the 0.618 Fib Level
'Gold' was consolidating during asian session, made its manipulative move when London opened, ending up forming a
double top on a major structure, before continuing its supposed push phase.
eurusd is making lower lows and lower highs. placed a rr tool to show you guys where I entered and I only use market orders as I need candlestick confirmation to enter.
In recent times in this market price has been making a series of lower highs on the daily chart.
Whilst the short-term momentum is lower, price has been running into the daily chart support and as yet has not been able to break it
This level looks crucial for where price makes its next solid move.
If we can get a clear break lower below this level with the...
We look to Sell at 7380
Trading has been mixed and volatile.
The trend of lower highs is located at 7382.
Positive overnight flows lead to an expectation of a firm open this morning.
Preferred trade is to sell into rallies.
Expect trading to remain mixed and volatile.
Stop: 7415
Target 1:7275
Target 2: 7200
cadjpy on the weekly doesn't show a lot apart form basic support and resistance but when I went down a timeframe, I saw daily trendline making lower highs and lower lows.
4hr/1hr timeframe showed me a rising wedge occurring while breaking out and making a head and shoulders pattern.
Afternoon traders,
Looking at another great setup this time in Aussie Dollar versus New Zealand dollar which spiked overnight as the Aussie central bank cut rates but then indicated that was them finished cutting rates causing a short squeeze in this pair up towards the 100 day moving average around 1.05 where it has lost steam in moving higher.
Having watched...
Morning traders,
Back into the market after a long weekend in both U.K. and U.S. and we are looking at the continued downtrend of Euro versus US dollar.
A series of lower highs continues to form with support around 1.11 area providing a short opportunity of 90 pips. We also have the formation of an Evening star candle or tweezer top if looking on longer time...
