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USDCAD short setup is still in the making, not yet ready. The pair is in a downtrend and has reached significant resistance zone at 1.30100. Several indications are pointing towards downward continuation move.
The price has reached Daily resistance zone of 1.30100, which is also a 61.8 Fibonacci retrace zone and a Monthly pivot point (MPP). RSI is reaching ...
I see a potential EURUSD long setup emerging. The price has stalled at 1.1480 area for 4 days, which is a 61.8 Fibonacci level and also a MS1. The RSI is in oversold area, which could indicate a reversal and an uptrend move.
In order for this setup to be more valid, I would like to see the price to close above 1.15480/90 level, which is a Daily resistance to be a ...
This USDJPY long setup is still in the making, nothing sure yet.
On October 4th 2018 price almost reached Monthly Resistance 1 (MR1) pivot point (114.80) and got rejected very strongly. The price has been rejected from this level (114.60) strongly since beginning of 2017.
If the price drops down to 112.85 area, it would reach 38.2 Fibonacci retrace level and ...
The EURCHF pair is in the range between 1.14750 and 1.12690. Current price is at the top of the range, which has been a resistance previously and the RSI is also in overbought area, which gives an opportunity to short EURCHF.
There could be a strong support at 1.13300 area, which is also a Monthly Pivot Point and a round number. But there is no significant ...
On Daily timeframe we can see a 61.8 Fib-retrace, giving a opportunity for continuation to Fib-Ext at 161.8 level.
Bearish flag formation is broken, price has not been able to break MPP, trading below last NFP levels.
On H1 timeframe the up-trend TL was broken. RSI is also in overbought area and is already falling.
1st TP is Fib 38.2, 2nd TP is Fib 50.0.
If the price holds the 91.00-91.50 levels, then I see a possible rise towards 95.500 area.
why?: The price is in a Daily uptrend (green channel).
The intra-day trendlines (blue, dotted) have been a support on several occaisions and price has bounced up from them. As long as the latest dotted line is not broken, the uptrend may continue. if this setup holds, the ...
For my own educational purposes only, not a signal!
On H4 GBPCAD is in an overall uptrend. Just touched the trendline, from which there were several up-bounces.
In addition to that, an AB=CD pattern has emerged. So, if the trend continues and does not break the upward trendline,
I expect the GBPCAD to rise towards 1.74200 levels.
If the trendline is broken ...
For my educational purpose only - NOT a signal.
What I see on Daily timeframe is, that the price is approaching the previous zone of resistance.
Price has dropped from this 114.100 area previously 2 times.
In order the trade to be valid, the price should not break the horizontal blue dotted line and should break the blue dotted rising trendline.
I know - ...
Potential AB=CD pattern on H4. Overall downtrend.