Price has approached this daily resistance and shown strong rejection multiple times on lower time-frames. Over 1:8 risk-reward ratio. Comment your telegram name to join our free telegram trial- only 3 days left and special offer currently active.
Hi Traders, here is my analysis for AUDCAD sells. Every night at 10pm (UK Time) I check the daily closes before analysing true direction. Price action to me screams a sell off to my strategy... Here is my analysis on a lower timeframe, and my risk to reward ratio on it.
-Price has rejected the 1.23820 on the daily chart twice. Can also see price relationship occurring between indicator and price action. Furthermore, price seems to lose momentum as bull candles decrease in value in the wedge:
-The 4H chart shows multiple rejections of TL resistance and the daily Resistance, bearish...
Uptrend started to stalk judged by three weaker bullish candles indicating potential weakening.
Strong move down show first firm decision to chose a direction.
After little retracement providing opportunity to get better risk/reward ratio the trade was triggered.
the lime green is the mid section of what you might consider a consolidation box if you are a loooong term trader, however you really just trade up and down in that box there , which is also looking like a double top to be fair. Long term i am anticipating a sell , and price could reverse on that lime green line or the red line , either way im looking for a...
ON WEEKLY SPINNING TOP HAS FORMED , on daily long legged dojis have been engulfed by the red , bear in mind end of the week slows momentum , but is it a coincidence that is it right at a strong resistance level , ALWAYS LOOK LEFT , LOOK LEFT!!! if price was to break below my support line at the opening of the markets and sustained a downward motion by tuesday or...
Get your shorts in ready to ride EURUSD down to new lows.
There are fundamentally no strong reasons why investors would be holding their bets in the Euro long against the dollar right now. Technicals are also on point, with a clear break retest of support-turned-resistance, and a wick reversal within my fibonacci hotspot.
Wide stops - it's a swing trade.
XAUUSD will roll over from the current liquidity region, and bring price closer to the $1500 support floor.
The $1533 psych level provides us with an ideal barrier for stop loss placement.
Trade safe, manage risk, enjoy.