PipPanda

PipPanda Updated 

Asset: FOREXCOM:USDCAD Bias: Bearish Price range: 1.3460 ~ 1.3478 Confluences; Retest of neckline of double top formation Break of valid 3 touch trendline Daily 200 EMA got rejected to the downside on the 26th of Jan ------------> Conviction of double top formation; Both tops formed at the opening level of 2023, which is also the...

PipPanda Updated 

Asset: AUDUSD Bias: Bullish Price range: 0.6525 ~ 0.6500 Confluences; 61.8% retracement of 2023’s 4th quarter bullish rally 100% extension of the first bearish wave from 28 Dec to 5 Jan (Healthy corrections appear in 2 equal legs) (Elliot wave) (Harmonics) Level held as support during the first 7 months of 2023, price closed twice below this level but...

PipPanda

Asset: EURUSD Bias: Bullish Price range: 1.0765 ~ 1.0735 Confluences; 61.8% retracement of 2023’s 4th quarter bullish rally 100% extension of the first bearish wave from 28 Dec to 5 Jan (Healthy corrections appear in 2 equal legs) (Elliot wave) (Harmonics) The lowest level reached in Dec 23, price flirted but never closed below this level during Dec 23. ...

PipPanda

USD bulls have struggled to push past 0.8785 for the whole month, the level has numerous confluence factors, below is a descriptive list of these factors; 1. 0.8775 is around the proximity of the August open. Since the beginning of the month, price has made more lows than it has made highs off this level. 2. A pitchfork (depicting slope) drawn off the...

PipPanda

CADCHF is attempting its run towards support of a range that has been held since the 8th of June. Trade with caution and good fortune!!!

PipPanda

Preferable execution is to short at the formation of B, otherwise, very bullish after C.