Hi Guys, todays outlook is on EURCAD and we here at Safe Trade Academy are looking for long positions on this trade as we have the following confluences:
*daily break of structure and break and retest of consolidation
*h4 we are uptrending so just trading with the trend, also had an impulse followed by a coil and the institutional candle has also not being...
Back on support price of 1797, the range continues... We didn't quite push up to resistance. But filled majority of the range.
Bit late for us personally, but interested to see where we are tomorrow for EUR/LON market open.
Hi guys, hope you are all well. As i mentioned in the video the sound quality is not great due to having internet issues on our trading floor so i have had to come home and do it here. Anyway..... we are looking at taking longs on EURGBP as mentioned in the video we have many confluences on x3 different timeframes such as the weekly, daily and h4 and we are now...
Price broke out of the ascending correction and made an ABC correction and now we are about to move down.
On lower timeframe we're waiting for a retest of a minor structure level before moving down.
Goodluck and trade safe!
In our last Ethereum analysis, we were short from the break of ascending correction back to the bottom - raw gains of almost 25%!
We saw a triple bottom chart pattern which is a highly probable bearish to bullish reversal pattern. We are now approaching a very interesting level where we can look to add another buy position.
At the 2400 level, price converges...
Matic was in a bearish correction since the massive spike in May. We have recently broken out of the descending trendline indicating that we are in bullish territory now.
Watch for price to break the 1.20 level and get in on the retest. We have previous structure and the ascending trendline converging at that point, making it a high probability area to go long.
In our last Bitcoin Analysis. we were signalling that we may see a breakout soon. Since that post, we got a massive 30% breakout!
Retracement Long Scenario:
Watch for price to retrace back to the 36K level where we have previous structure. Entry on breakout of the retracement correction.
Continuation Long Scenario:
Watch for price to break the 41K level and get...
Very similar chart to the EURJPY and USDWTI chart we have, clear and concise trading zones, with clear bearish direction. Evident lower highs and lower lows.
Trading zones seem to be responding well which is the first step. Measurable risk to reward too which is perfect. Already in EJ shorts, so this isn't something I'll explore, but good to see for...
NZDJPY approaching a key reversal area. We're in a series of impulse and corrections. Expecting the next impulse very soon.
We're expecting JPY strength = NZDJPY SHORT.
Broke this down completely in the VIP . Have a look at the links below.
Goodluck and trade safe!
USDCAD is approaching the ascending trendline where we will be looking to go long. We are expecting CAD weakness for various reasons and so this would push USDCAD up.
This pair has a LOT of room to move up, FIRST TP is 500pips.
Check out the VIP for educational and in-depth analysis!
As always, Goodluck and trade safe!
Structure: Triangle / Trendline and Horizontal resistance
Plan: We await MACD confirmation is this trade could go both ways. However judging by the bearish trend I would expect a continuation and a bounce of the upper trend line. Price should then move to the lower resistance level, continue the formation of the triangle or breakout even...
Structure: Horizontal Support and Resistance
Plan: We look for a small pullback in price before entering in a short position. MACD on the 1 hour TF has confirmed short, so a small pullback would be lead to a good entry for the short.
Bears continue to put pressure on the price. There is no rollback from the level. I am waiting for a false deep break of the support and a return above the level, with a further increase in price.
Traders, if you like this idea or have your own opinion about it, please write in the comments.