Wish I had posted this sooner, the wick on 6th Oct at 18:00 gave a perfect sign for a break and retest of the bearish trendline found on the Daily.
This has been broken and retested, this move may be dragged out as it is a Monday and Bank Holiday for USD/CAD so there will not be much volume.
The above resistance has been rejected once after the break of the...
- The market has been trading inside a bullish channel since end of May 2020, the long-term trend is then bullish.
- After having traded in the upper part of its bullish channel, the market registered a break-out of its mid-term bullish trendline (dotted), leading prices back to the lower band of the long-term bullish channel. Since then, prices have...
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do.
If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below.
Lets see what PA develops at the start of October 🤞
This is just an idea of my outlook on audnzd. It had a bull run recently and a major pullback is long overdue. It broke downwards at a consolidation range and retested the support(Now resistance) and is looking itll go back down.
It looks like the GBPUSD might have a short burst upwards due to it breaking the LTF (Low Time Frame) trend line. The resistance met on the up side of the trend line meant that the price is rejecting a down trend which indicates that an LTF upward trend will follow. The yellow lines indicate LTF areas of Supp. and Res. whereas the red indicates HTF areas of Supp....
We are currently in a correction period, and i think we will be retesting the lows of March be for we could potentially break out to the havling bull market. i often hear BTC completes 80% of its cycle before it breaks out, i guess we will see if its true now!
Please let me know if you think my theory is valid?
This trade is based mainly on the large corrective wave we have seen recently with this currency pair. At the mid-late December point we can see that the price bounces almost perfectly off of the bullish trend line and has gone for the moon ever since with a high of 173 pips. In the corrective wave that followed this we saw a 73 pip drop in 2 days and 6 hours, now...
Hi guys this isn't one of my usual pairs but I have found 2 potential short-term set ups on the USDCAD.
Sell @ 132.75 area
Buy @ 131.95 area
I use the same format for all my trades, with a single 50 pip stop-loss and 3 take profits at +30, +50 and +100 pips unless I see a potential for a bigger final take profit.
This is not a signal; just my...
GBPJPY broke out of a descending trend line last week, exposing the pair to further potential upside movement.
A retest of the trend line may occur before price starts to increase.
On the 4H chart we can see price broke and closed below a short term ascending trend line, opening up possibility for a short term decline in price.
With time, and observation comes understanding.
A day of Elliot Waves and cup and handles led me to believe I could time this right. And wow did I surprise myself.
I have never drawn on a chart, I have never done anything other than observe and trade, I see other peoples charts (Credit to Thomas, AlanMasters and Haejin) and if I don't understand something I...