arocha.daniel3

arocha.daniel3

CADJPY hit a monthly resistance last week, it has been ranging since then. Yesterday with news CAD went down, forming a possible H&S, if it breaks the neckline I may take a short position with 83.500 being my target, SL in the first shoulder. Manage your risk.

arocha.daniel3 Updated 

This week we are really close to the 0.97600 monthly S/R line, it bounced off and retested the daily 0.97950 S/R line, closing under. The price tried to go above this line but it was rejected as we can see in the wicks of previous candles, it could be a bearish signal, but we have to wait. I'll be looking to sell, my target being 0.96450, because the trend doesn't...

arocha.daniel3

Right now we are on a strong S/R daily line where many past reversals occurred, and on top of that we have confluence with a monthly triangle that has been respected really well. Last week the price tried to break the triangle but it fell back into it. The price may be looking to retest the 0.70260 zone and go higher because it haven't done that yet and the market...

arocha.daniel3 Updated 

Engulfing in 60 chart, and in H4 we can see rejection from 83.850 monthly zone in the last candle. Target in the next zone, SL under the box that is under the monthly zone. 1.73 RR Target 84.500 SL 83.530

arocha.daniel3

Today CADJPY reached a monthly resistance at 83.900, price action has strong bullish momentum since 82.800, and in the monthly and weekly chart the price is in a triangle, right now going up. I will wait for a retest in the 83.400 zone to enter long. We have to take into account that as we are in a monthly resistance, price may range a lot for a while, so we have...

arocha.daniel3 Updated 

Like I said in my previous EURUSD post price finally broke the entire 1.23000 zone and got to the 1.2265 line, it seems like a downtrend is starting to consolidate, but we have to break 1.22400 first. I expect a retest on the previous zone to enter again in sells up to 1.22400

arocha.daniel3

As exposed in my weekly analysis the price reached 0.98200 zone, but with more momentum than I expected, so no retest of the box. I'm expecting a retest on the 0.98550 resistance to continue lower and take another sell (I don't see the retest on the box because the price has too much down momentum).

arocha.daniel3

Last week I went long with EURUSD, last hour it went down and touch my SL in losses and broke the 1.23 support and is starting to break the trendline as well. I'll wait for a break of the zone to enter short with a first TP in the next zone 1.22500.

arocha.daniel3 Updated 

The market is following a nice market structure, rejected the trendline, made higher lows in the 60 chart and right now it made an engulfing, maybe indicating its going up. Took a 1% risk buy with a 2:1 RR, stop loss after the previous candle wick and target 1 is the next zone at 1.23680

arocha.daniel3

My analysis are based mostly in H4. This week I'll be looking to take a sell on AUDCAD, let me explain why: Monthly: Here we have a triangle. We have two days left to close monthly but is closing with a high rejection from the 1.02400 zone, still staying above the large trendline maybe going to the 0.97300, but we can't really say much more. Weekly: The...

arocha.daniel3

Recently AUDCAD broke the trendline it has been since january. It hit a monthly support and it has been ranging the last few days. Yesterday the price retested the trendline and was rejected, the price entered again into the ranging box today, and if it breaks the bottom, it may be a good opportunity to short, we have to wait and see. Full picture of the trend.

arocha.daniel3 Updated 

With the recent changes in USD interest rates we are seeing a strong USD so that means pairs like GBPUSD, EURUSD, and USDCHF are falling. right now the only nice setup I see for a possible short is in GU. We have a clear head and shoulders formation in the H4 chart, the head being rejected by a monthly strong resistance, and the price is testing the neckline right...