Hi Traders, looking at market structure we had a strong impulse to the upside and we are now in a corrective wave. We can expect price to retest the OB which initiated the strong impulse and broke structure. Longs in play until we break the last point of demand. I hope you find value in this idea. (I am not a finacial advisor)
Hi Traders. Looking at Chf/Jpy on the high time frame we can see that we have formed a dubble top, and now we are strongly reacting from that level. When we look at the lower time frames we can see that we broke out of the ascending channel and creating new lows. My overall target would be 120.000. Thank you.
If this daily candle closes with a pin bar candle we might see n BIG move on this pair.
Looking at the Weekly TF, we might expect a big move to the downside. If we break the support wait for the retest and add confluences when taking a trade. Im not a financial advisor, trade at your own risk🙂
Hi traders, as we can see we are approaching a very strong resistance level. We might see a push to the upside from the resistance, if price reject the resistance look for longs, if it breaks then look for short, don't marry your bias. Leave a like and comment if you agree or disagree with my analysis.
Hi traders, so here is my analysis on USD/CAD. As we can see we are testing a strong support level on the daily, and if you use your fibs for confluence it's also testing the 0.618 level (golden zone) so from here we can possibly expect to see a push to the upside. Leave a like and comment if you agree or disagree with my analysis.