Hi everyone, this is a super short term long, so I hope you can all catch it in time. I have been looking at the 5 minute chart to make this play, but the resolution is too small to post, so I I would recommend that you look at your own chart with my post pulled up beside it. Elliott wave analysis: On a super short term, we are finishing our wave 4 triangle, and...
Good news on wed about the cad could give use a sharp move long to 1.04887 before we see a fall.
Pattern: Channel Up on 1D. Signal: Buy as the price broke above the (former) 1.03170 Resistance as well as the Lower Highs trend-line. Target: 1.0400 (the next Resistance). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
BUYERS PUSHED PRICE PASSED ITS DAILY RESISTANCE. POST THE BULLISH MOVE, WE THEN SAW SELLERS TRYING TO REGAIN MARKET CONTROL BUT ONLY TO PUSH PRICE TO SUPPORT, TO SERVE AS A BREAK-OUT AND RETEST ILLUSTRATION TO THE UPSIDE. I BELIEVE THIS HAVE BEEN AN EASY ANALYSIS BECAUSE OF ITS TEXTBOOK PLAY. NB: DO NOT FORGET TO USE PROPER RISK MANAGEMENT.
Price has broken above and is currently retesting a significant support/resistance zone and is in a clear uptrend on the 4 HR time frame. As always wait for confirmation to enter & manage your risk accordingly!!
Lets see if the pair gives us some special candle setup for a nice short, we'll know when volume moves in.
Price is at the tip of a down trend and a small retracement. Price could buy to break resistance for a reversal or could break trend line to sell to support. Because price is also just above the bottom Bollinger Band on the 1 day time frame, I believe price will buy to test resistance.
LSTM neural networks generated a bearish signal for #CAD_SGD
ENTRY: 1.02700 TP: 1.02000 TP2: 1.01400 TP3: 1.00700 SL: 1.03200 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!
ENTRY: 1.03800 TP: 1.03400 TP2: 1.03000 TP3: 1.02700 SL: 1.04400 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
SAXO:CADSGD Oil movement must be taken in consideration as a catalyst to the CAD.
CAD had a nice bottom movement two weeks ago and we are convinced by the confirmations that it stopped the bears. Entry: 1.028 Stop: 1.023 Target: 1.04 Have a nice week! Follow for more.
Price is in an overall downtrend ( under 200 EMA), in addition to the creation of lower highs indicating we should be looking at shorts. More so, a head and shoulders pattern has formed awaiting the break and retest of the neckline.