Expecting an engulfing bullish h4 candle which is a clear indication of price moving to the next zone
The price is bouncing off the overlap support and could rise to the take profit level. Buy entry is at 1.46507 which is an overlap support level. Stop loss is at 1.45511 which is a level that sits under a pullback support. Take profit is at 1.47571 which is swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
1. Price rejected at the H4 fair value gap denoted as the H4 Buyside. 2. Price went down to the H4 orderblock going below the H4 fair value gap (in yellow) 3. Price has also tested the H4 Orderblock open nicely. 4. I am expecting price to go upto the H4 buyside to fill that wick. 5. H4 has also confirmed nicely with a powerful bullish hammer 6. On M15 I would...
Bullish pattern has broken waiting for small time consolidation.
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EURCAD formed a bullish butterfly pattern on 1h timeframe and formed a double bottom along with a divergence in the potential reversal zone. Market is shifting towards a bullish trend which can be traded accordingly.
It seems like CAD is losing power and its strength scenario is going to the end. If price breaks the trendline, and does a pullback I'll go long. If you have different opinion, please leave a comment.
hello new friends , please feel free to ask any question in comment . @ anyways this is A+ set up .Every time that STRONG trend , and the market already Break the sctructure ! and you pull your fibs to by at discount price is always the ideal . 1 4h fair value gap that needs to e filled before the continuation to down side heavy ! some people call fair value...
Price looking bearish, expected to bounce at this area of value 1.45506 zone before continue to the selling off to Demand Zone (Area of value)
The price is reversing to an overlap support from the sell entry. Sell entry is at 1.45914 which is a pullback resistance. Stop loss is at 1.47343 which is a level that sits above the swing-high resistance. Take profit is at 1.44537 which is n overlap support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
EURCAD has broken out of a pennant structure on the daily time frame and I'm expecting a big move to the downside.
A B-wave is possibly morphing into an expanding triangle to be then followed by an upward correction meaning the start of the C-wave which would potentially conclude the corrective phase of the previous downtrend started around mid-july 2020.
Soon as it reaches the W area again i expect a drop to grab more liquidity so once again it can go up to 1.74
EURCAD Short at LH (also 0.5 FIB intact ) SL , TP mention in chart
Good risk and reward ratio, bullish bias with the daily still holding bullish structure
Hello traders, Wave 4 has probably ended at 1.47641 zone. Wave 5 is supposed to materialise towards the support zone at 1.44690. Thanks.
✨ EURCAD: ITF CURVE ANALYSIS (4H) ✨ (DOWNTREND) SLO2 @1.48883 ⏳ SLO1 @ 1.4848 ⏳ TP1 @ 1.47491 TP2 @ 1.46284 TP3 @ 1.45471 TP4 @ 1.43460 BLO1 @ 00.00 ⏳ BLO2 @ 00.00 ⏳ 🔑 BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT Intermediate time frames (4 hours to 6 day): — Offer a clearer picture of the underlying trend...
Happy Holidays. WHAT DO YOU THINK?? It's a very interesting situation here. I am having a hard time determining what is the price action at this time. Yellow trend lines suggest consolidation to continue the Bearish move that started in mid-November. Alternatively, The Yellow trend lines show that the Bearish move is slowing down. In fact, shows early signs of...