So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...
Nice looking Gartley 222 respecting well the textbook Fib levels. Not exactly with the trend hence the longer target better be the closest top and not further as the chance of getting a 161% extension is not that great. At 1 to 1 or at the 61% Fib retracement put stop to entry. Bulkowski has an interesting article about bullish Gartleys quoting that the hit rate...
EURCAD is following a downward trendline which it has respected severally. It has now retested it again and seems likely to continue downwards to around 1.45870 or beyond.
Depending on how structure stabilizes, we have two different scenarios for buys.
I expect EURCAD to go Up after news and grab liquidity
From the 1.4551 level we could see buyers coming into the market, but not all entered so the market returned to the area acculating its buy orders. We recently broke structure at 1.46009 level, this confirms that the orders are all filled. We are looking to reach 1.47604 level as target!!
eurcad long trade setup * a stop hunt occured * 1h/ displacement after red news folder * we have failure swings on the left ( low resistance liquidity run ) * we are on the mean thrushold of a daily ob+ 2RR not a trading advice !!!
Asian high swept in the London session. Market structure shift and left behind an imbalance which has been filled to get an entry. Shorts targeting sell side liquidity.
Waiting for price to retest 1.46349 and Sells after confirmations. or Waiting to cross price 1.46204 and Sells after confirmations.
EURCAD is moving from the lower boundary of the channel. The chart has pushed off from an important support, forming a double bottom. The price is testing the dynamic resistance. We think that the price will continue to rebound to the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
The EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. EURCAD NEW BEARISH IMPULSE. 📚 👉As we can see price is trading inside this falling channel, making clean lower lows and lower highs. 👉Then we are interested in looking for new bearish movements, Meanwhile, from an Edge over...
My dear friends, Please, find my technical outlook for EURCAD below: The instrument tests an important psychological level 1.4643 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4696 About Used Indicators: Super-trend indicator...
22nd April to 26th April Week Analysis. It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it! Watch the charts, If you like then do follow on X and Tradingview.
The reason I'm going long is because All of the time frames are bullish (Weekly, Daily and 4 hour). It failed to break the Daily support. There was a 4 hour engulfish candlestick on the Daily AOI hence making it a high probability to continue long. The trade was taken on a Thursday (good trading day)
because the price accumulate and make 1-2-3 wave uptrend h1 so i moved the order limit to new ob h1