EURCAD is down trend and I think this is a good opportunity for a short term trade. Good Luck. #TradeAtYourOwnRisk
Identify - Elliot 5 wave impulse - ABC correction hitting daily 0.382 Fibonacci Confluence - DXY hitting 0.618 Fibonacci - US Pairs in need of US Bulls
After a nice rally up and a small retrace there's a opportunity for a long position. We can see a HH and a HL, we could be looking at another HH which could lead to some nice opportunities. Let's see what happens
EURUSD closed the weekly candle with a long legged Doji outside the bollinger band. Not to mention the massive support zone we have around 1.0510. This could activate a rocket correction from the last 14 days of downtrend. Another interesting thing is the movement from November 2015. After weeks of downtrend the price turned in the last November week at 1.0510...
The price action has hit the long-term trend, giving us 2 possible scenarios: Blue path: The price bounces at the long-term trend and continues to go high in a 1:3 win ratio. Red path: Less likely given the past performances of FB, the price would break the support at ~114 and will continue to go low. No SHORT entry recommended in this case given the...
Long trade: Active Targets: 38.2 - 1.32327 61.8 - 1.33137 Stop loss: Below previous structure
Pre-BREXIT as usual I posted up some truly simple analysis for all to enjoy and hopefully profit from. My aim during this last few weeks has been to shuffle as much of my client wealth as possible away from FX pairs and into GOLD. Fortunately it was indeed the correct decision. For all intensive purposes I "predicted the future". As for the right here and now...
Stay aware of the whole numbers. They are essential critical levels in Bitcoin. Like&Follow to stay updated.
The FED will address the issue of interest rate % very shortly. With such a strong Dollar market the question most of us are asking concerning the S&P500 is whether or not we may finally reach up and break through the all time historical high of around 2130? Personally we feel that is highly unlikely, and instead we will see our lower level fib lines reached and...
Entry - 105.99 R/R - 2.05 T/P - 107.20 - Just before 2 fibonacci confluences S/L - 105.40 - Just after major trend line level of 105.50 B/E - 106.60 Note : Gonna go short immediately after it hits 38.2% Fibonacci at 107.334
A potential bat setup on the EURCAD, with news coming out today on the CAD and options expiry maybe volatile!
Confluences 1. KEY Weekly Resistance/Support at 1.4210 holding well. 2. Doji Formation on yesterdays candlesticK 3.Follwing Recent Price Action this is a classic pullback trade 4.KEY DESCENDING TREND LINE HOLDS 5. FIBO 23.6% retracement also acts as resistance here...
Time to buy! Buy if Tenkan Sen at 123.800 holds on closing tonight Target is KS, at around 127.180 Stop at 122.60 Feel free to like/comment Cheers Jesse
Comments on chart. Feel free to like and comment Cheers Jesse
Please check comments on chart. Feel free to like and comment
The downtrend is currently being broken, corresponding to 61.80% fib retracement Prices are above the cloud Prices are holding tenkan sen TP1: 0.67587 (next level retracement) TP2: 0.68861 Stop on KS at around 0.65900