Could we see a change in momentum as the buyers look to over power the sellers or the market just playing its tricks as always?
Are the bulls on UsdCad finally ready to throw in the fight or the bears are ready to take over. So far nothing has been confirmed and we wait for the market to give us its stance on the matter
We are buying due to 2 reasons. We had a descending triangle that is broken and retested and we have a formation of a inverse head and shoulders. All the best and trade responsibly.
The Canadians are taking over the Americans. Our chart is showing us a clear head and shoulders pattern after our initial price projection. We forecast a down trend continuation.
This pair has been long coming we have been on the sell for the longest of time. Price has been heading down for quite sometime now, but our reason for entry is that it broke and retested the trend and the short standing resistance it has created.
There seems to be an inverse head and shoulders on the EU. if there is a strong indication that the trend will continue then we buy EU hard.
My analysis on the higher timeframe has been insisting that UJ must go down but UJ has been defying all odds and analysis to go up. Even now the price is unsure of where to go but if you know correlation of UJ and gold , you will know. So we're forcing UJ to go down hahaha. But trade responsibly , N:B this is a risky trade and also experimental
Let us grab a few pips from gold through a double top that is visible on the lower time frame. This not as easy as it seems, monitor your trades as always and always secure your profits. Trade responsibly.
We already have an existing sell order that is on profit and it's analysis is not from this one. Now on a higher timeframe but we can all see that we might be heading down. So watchout for USDCAD we might be on a free fall in a few moments.
This pair has been on a side way movement of recent times and it has been doing so in a volatile way. Now we are at the the Resistance of this upward movement and we have shown ssigns of a reversal. Double top and then retest, let's see where price is going next.
This analysis is not clear enough cause the work has been done on the lower time frames. On the 15 m chart we have a Head and shoulder trying to form and on the 5 m chart there is a double bottom pattern that just confirmed our buy order. Scalps are too quick and too risky, trade responsibly.
The number one rule of being a forex trader is to never be biased. Therefore we have to plans of motion. The bigger time frame supports a sell order that is based of a double top. And the smaller time frame is heading up based of a triangle formation. As a price auction trader we are always taught to always obey the bigger time frame but as someone who always...
We've all seen our Double bottom fail on this pair. Emphasis on 'this is not an order it is just a lookout or heads up'. Could we be seeing a trend reversal to respect the trend or a price reversal to retest the resistance that was broken?
I didn't do any further analysis on this pair. I just found everything sitting like that , so what do you think is gonna happen next, are heading up like the forecast says or might we see a surprise downward movement of price.
What do you think about the EU heading south according to the trend and your own analysis.
Don't really have a solid explanation of this setup. You know those ICT concepts that always looks slick on youtube. I am trying one their concepts. If it works out we gain a few pips and if not we lose very few pips indeed.
We are looking for an optimistic sell on GJ based on a double top that has been long coming. This is definitely not an order by the way. If we see a reversal pattern of any kind that is when can hopefully confirm our sell order. For now let us observe and see what the market has for us.
Normally i would be gravitated towards the higher probability setup of HHLL that is about to form and will reverse up there but as we can see there is a trend breakout and now price seems to be retesting. So what do you think.