NZDCAD has formed a second bearish Wolfe Wave for even further confirmation of bearish bias. A 14 month downtrend precedes the setup, an indication of more upcoming bearish price action. NFP tomorrow will create some volatility in the market, so look for this to be a catalyst to initiate the movement. TP is taken near the 1-4 profit line or around the price...
Hello traders! What a day and week we have so far. With China effecting our markets, we've been on a crazy roller coaster, but we may be reaching the top! In my chart, I'm trying to address some structure that could effect the long term direction of this pair. The first green line, below the other green line is the top part of a tunnel that the pair...
Everything is in chart. If we see a pinbar create close to/in the green box at the bottom we go long with a tight 15 pip stoploss and 150pip take-profit.
US 30- CRITICAL BACK TESTING, TP 18020 AND BEYOND TO BE SURE OF BULL TREND AGAIN
Call given today, TP1 hit full 100 green pips move SL to entry. Enjoy!!
sorry guys, it's been a while since my last post and today i will give you my usdjpy outlook next week. as you can see we have bearish bat pattern completion, not only that but we have bearish butterfly pattern that already complete too. i have 3 options of TP 1st : the .382 retracement 2nd : .618 retracement 3rd cypher pattern completion any thoughts or idea...
USD/CAD reacted very well to the formation 'Head and Shoulders'. 1.1571 is 200% fib measurement of the low of the right shoulder and the high of the high shoulder. Also to keep in mind we have a 0.618% fib very close (fib of the 2011 low and 2009 high). On the other hand, to give us even more support of this zone, we have a very clear trend line (blue line) which...
OPEN POSITION AT 0.87958 TAKE PROFIT AT FIRST TARGET 0.84535 STOP LOSS AT 0.88714 NEXT TARGETS AT 0.82482 --> 0.80822 --> 0.79163