leanosamwinga

leanosamwinga

This one is straight out the textbook. As you can see, price formed an ending diagonal and if you have keen eyes you would have been able to also spot another one within the Fifth Wave of the ending diagonal. Afterward, price sold off significantly, creating an A-B-C pattern, with Wave C being extended. More recently, price broke out of an ascending channel and...

leanosamwinga

Here on the four hour chart, price is starting to make lower highs and a trendline has been formed. My bias is short but there is the possibility of a break to the upside. After price formed an ending diagonal to finish the five wave sequence, we saw a sell off to the start of Wave 4, which has become a well respected low now. We have outline 2 possible fibonacci...

leanosamwinga

Price is in a 5 wave sequence and we are in the corrective part. We could see a 61.85 retracement before price drops. As the pandemic eases off, Crude-Oil price could rally. The reason why I mention oil is because the Canadian Dollar is positively correlated with the price of oil in case you didn't know.

leanosamwinga

Price is in a 5 wave sequence and we are in the corrective part. We could see a 61.85 retracement before price drops. As the pandemic eases off, Crude-Oil price could rally. The reason why I mention oil is because the Canadian Dollar is positively correlated with the price of oil in case you didn't know.

leanosamwinga

Price has created a flag pattern and as confirmation to short this pair we waited for an hourly close to be out of the flag. We identified a take profit using the 78.6% fibonacci level.

leanosamwinga

This stock market index is currently up 30%+ from the lows. The direction of the index is highly dependent on the welfare of the US and the pandemic. Looking from a technical point of view, the S&P needs to break out of the ascending trend line before looking for shorts. Also, price recently broke a resistance level and is now retesting it. If it serves as...

leanosamwinga

Recently price has been bouncing off the lows and we could be headed there once again. Unless price moves bearish we could bounce back again into higher levels.

leanosamwinga

Price is respecting a supportive trend line well and there are two possible outcomes: the first one is a bounce from the trend line, continuing the move up, and perhaps an ascending channel will play out and the second one is a break of the trend line, which will expose the previous low.

leanosamwinga

We can see that on the one hour time frame price has created an ascending channel and we will be watching to see how the pattern plays out. One scenario we could face is a long setup, where price stays in the structure, heading to the upside. The second scenario is a bearish idea, that we get a break to the downside and price heads to recent lows.

leanosamwinga

On the four hour time frame price has no clear direction. We are in a wedge pattern and until we get a clear break we cannot really short or long this pair long term with confidence.

leanosamwinga

Rising wedge pattern identified and shorts taken

leanosamwinga

The trend-line support was broken so i waited for a retest before entering short