Please, check our technical outlook for USDCAD. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.360. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
Daily: - Bullish M - Fakeout - Clean S&D zone - New liquidity *Bigger D BOC is not tapped yet (+) Weekly: - Market structure: Bullish (Pattern) - Last candle close: Bearish - FIB: Bullish - ZONE: Bullish 3/4 LONG 4H: - Waiting on deceleration - Clear buying orders in history around this zone - New action caused 4H bullish momentum
Want to spot a turning point in trend before it happens? Use Elliott wave parallel channel This chart shows the GBP/JPY currency pair using monthly candlesticks. The advance from Sep 2011 to June 2015 can be labeled as an impulse wave (A). From that high, the pair declined in three waves labeled as wave (B) of a Zigzag A-B-C correction with an expanding diagonal...
Hello,Friends! Previous week’s green candle means that for us the AUD/USD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.663. ✅LIKE AND COMMENT MY IDEAS✅
Market Structure Bullish on HTF Entry At Daily AOi Weekly Candle stick Rejection Strong Weekly Bullish momentum (Lots of buyers in the market) Daily Rejection at AOi Previous Daily Structure Point Daily Bullish engulfing H4 Candlestick rejection Rejection from Previous structure SOS 5.11 Entry 90% REMEMBER: Trading is a Game Of Probability ...
This week am expecting EURUSD to sell. Look for sell opportunities.follow u
The Euro has reached the top of the channel and also slightly tapped above the previous month's high. I still think the price will go a bit higher, but this week could be a ranging or slightly corrective down as it's wave 4 which is re-accumulation. So I think we will go to the lower part fo the channel to the Weekly mitigation block and FVGs. Always follow these...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
Trade Idea: 📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART) 💡 RISK REWARD 1 : 2 💰 Risk 1% of your trading capital. ⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
#AUDUSD - H1 📣 Upon reviewing the 1-hour timeframe, with the breakout of the uptrend at 0.6586, we can be optimistic about a price decline towards the 0.6540 range. ⛔ Stop Loss: 0.6610 On the other hand, with a breakout above the 0.6610 range, we can be optimistic about price growth towards the 0.6670 range. ⛔ Stop Loss: 0.6586
Weekly: 1. Direction: Bullish 2. Reasons: 1. Price took recent swing high 2. massive displacement to the upside 3. Price is moving from ERL to IRL Daily: 1. Direction: Bullish 2. Reasons: 1. Price is respecting the daily FVG 2. Good displacement to the upside 3....
Preferred direction: BUY Comment: The British currency , like the euro , is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000 . The current resistance area at 1.27000 is a difficult obstacle for a buyer,...
Weekly: 1. Direction: Bullish 2. Reasons: 1. Price disrespected the FVG 2. massive displacement to the upside 3. Price is moving from IRL to ERL 4. Price reacted of weekly FVG (2) Daily: 1. Direction: Bullish 2. Reasons: 1. Price is respecting the daily FVG 2. Good...
On EURUSD it is the end of the month, which is Q4, and we are expecting a distribution to the downside below the true month open, as you can just see price has just cleared the previous monthly high and closed below it
Preferred direction: BUY Comment: The end of the previous trading week was not in favor of the US dollar , which we were preparing for and talking about during the previous week. The beginning of this week will most likely maintain this bearish sentiment for the US dollar and a short-term strengthening is expected for its main competitors, at a...
**Monthly Chart** NZDUSD last month's candle closed bearish only to test liquidity near the previous swing low. This month candle opened near the close of the previous candle and started to move aggressively higher. If this move sustains then we will be looking for the next target around 0.6400 level and then 0.6600 (around 400 pips from where the price at). ...
Weekly: 1. Direction: Bullish 2. Reasons: 1. Price disrespected the FVG 2. Good displacement to the upside 3. Price is moving from IRL to ERL Daily: 1. Direction: Bullish 2. Reasons: 1. Price never tested the daily FVG 2. Good displacement to the upside 3. Price...
Here is my latest structure analysis and important key levels to watch and trade on EURUSD next week. Consider these structures for pullback and breakout trading. ❤️Please, support my work with like, thank you!❤️