HELLO FELLOW TRADERS,
We can see that the price broke on previous support key level 1.22215. At this point, we should see a retest back 1.22215 before the price continues to go drop. In addition, the chart also creates a rising wedge and we can use them as one of our confirmation of a sell opportunity. Lastly, with a nice 1:2 RRR we should see the price come to...
Hello fellow traders,
NZD/CAD has reached the previous highest support but it rejected. In addition, on a daily and 4 hr timeframe had huge reject when price hit at 0.85850 and the price fell. With the bearish penant, we can use a confirmation that the price will most likely price revearsal to the downside.
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Hello fellow trader,
CAD / JPY has a very interesting price action. In addition, we can see the price came back 76.900 ranges and got rejected from previous lower high. Before we place a short position, we must wait for a retest for the price to come back up. Once the price has come back up we can use it as confirmation of wicks rejection place a short...
Hello fellow traders,
With a multiple timeframes checked, monthly, weekly, and daily, the whole trend still massively bearish. In addition, with a nice ascending pattern this is our great additional confirmation to place our short opportunity with nice 1:3 risk reward ratio.
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After it broke previous support and created new lows at price at 115.568. It's customary for the price to bounce, however, the price still bearish. It's more likely for the price to slow down and our target price 110.115 which is our previous key level.
We can see small sell opportunity once price reached at 68.846 at previous resistance back to the previous low. In addition, the price has potential to shoot back up again for a potential long position.
Feel free to give feedback on this analysis in the comment section
Daily looks great for short opportunity after price fluctuates for some while. Therefore, the retest at 133.636 rejected the previous support one confirmation for a short position.
Feel free to give feedback on this analysis in the comment section.
The current price reached the previous support and it touches 3 times. We must wait to break the support to look for short opportunities. however, it' also has the possibility of a price reversal. It's advisable to wait for confirmation.
Looking at the daily and weekly timeframe, we can see that the price reached to the highest point. However, the 4 hr shows double top which will likely drop the price, but we must wait the price at 1699 as confirmations to look for sell opportunity.
