another nice setup here kept it clean this is now looking at how price has devolved after the first impulsive wave is not normal so this tells me something is changing within price structure, as you can see need more time but this would be a nice RRR is this plays out
As we forecast Yükseliş trend for this day, so Forecast City suggests buy (limit) above S1=1.3105.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=1.3095.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout...
The US Dollar could edge lower as much as 100 basis points within this session.
Traders and investors are awaiting the US macroeconomic data releases, namely, the US Non-Farm Payroll, Trade Balance, and the US Fed's Chairman speech, which could increase volatility in the market.
Please don’t forget to press
“Likes” and “Follow” me.
I will begin AUDUSD Chart Analysis for January 6th
This is XAUUSD 30m chart for last Friday.
It was short position strategy but ended up with drifting sideways.
The price highly went up as soon as the market started.
Over last year USDCAD has been sat in a sidewards
Channel where the price has been fluctuating between the highs and lows 1.34-1.30 between these two figures Recently the prices come all the way down to 1.30 looking at what could happen and what has been happening in the last year We could be expecting a possible push up to 1.34 for another retest of the...
USDCAD UPDATE for Weekly Forecast 20th - 25th Jan 2020
- USDCAD still showing bearish strength so will keep an eye on this.
- For new entries best to wait till next break out.
- Big move to come on this pair due to the last couple weeks of price not really going anywhere
All analysis was sent out on all my platforms on sunday!
I love a great set up, when it come to you.
With the US DXY strengthening I'm keep an eye out on USD majors for more movement to the upside.
In trading less is really more.
Less exposure to risk means that you have to be really selective about the trades you take.
You've got this!
USDCAD is still finding nice price resistance at this 1.30680 zone.
Multiple rejection candles are forming, the daily trend is still bearish and I think we could see a new bearish leg. I have an initial profit target of 1.29520 in mind.
If this level breaks then new lower lows at 1.29 are possible.