hi everyone - haven't posted in a while but im back on the charts!
looking over the pairs NZDCAD has caught my eye, after breaking an ascending structure on the daily sitting nicely in the amber zone. price shows a clear 'scoop' (double top) with an element of structure that can be seen approaching the value area on the 4H. i am looking for an entry in the green...
Expecting this pair to create a double top, then give me an entry Reason to sell. (Engulfing candle, indecision, shooting star, morning star, harami).
This trade is highly probable considering the last low created, and the new high in progress.
1) Making higher highs and lows on higher timeframes.
2) Trading above 200 ema on daily and weekly.
3) Trading above the ichimoku cloud on daily and weekly.
4) Our entry above recent swing high where sl orders of bears are likely to be accumulated.
5) Zone to Zone trend riding.
Kindly trade at your own risk
Good Luck ✌️
due to a a weakening dollar and recession across the world i expect most people to hedge on fold especially since warrren buffet has invest 543million dollars in to a gold mining company. gold is expected to rise as per the economic cycle.
wair for retracement to 1900 area before you buy if you want a tight stop loss.
I hope you all are doing great and having fun with trading.
I have a very nice setup on DXY daily chart to share here.
As we can see on chart a very strong Bullish Engulfing candle which is an early indication of trend reversal.
We are expecting an up move which could happen in possible two setups which i have shared on chart.
Note: Always trade USD...
This is going to be an amazing trade that could last a few days but we are in an amazing zone where the price dropped a few weeks ago and it seems to be rejecting that zone right now which is a great start and the indicators all line up to show that the drop will happen. 😊