Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
active buy on eurcad. T1 - 1.506 T2 - 1.508 Stop - 1.497
Macroeconomic statistics came out better than expected on Thursday, even the fact that data on Eurozone balance crossed the “+” level did not help the euro. The euro was under pressure and below 1.1200 again. That is not a reason for panic. The US will not impose additional tariffs on European automotive industry’s products it means that the States has decided not...
I managed to trade this short twice already and should still be in this trade. There is not much volume right now on the pair but thats partly why I like it. Less manipulated. This is a continuation of analysis done two weeks ago and this week. Re entering short on current retrace up. What do you think about CADCHF? Any fundamental reasons I am wrong or...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (81.28). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (81.3). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CADJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Buy near 1.3460 - 1.3465 - Price created a limit level It is Intraday entry with low risk
Long: AUDCHF Entry: pending Buy Limit order @ 0.67940 Target: 0.68161 Stop: 0.66885 We know that The AUD pairs are on the downside. We have to be prepared for more trading opportunities as we are also looking to go long on AUD pairs when the timing is right. Since we are also going also going long , the chart patterns match up because of correllation being so...
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Weekly: On the Weekly chart, we have a bearish candlestick pattern called Evening Star. It got a rejection from very important levels as a trendline since 2018 March, yearly highs and lows, round number and 50EMA. Daily: On the Daily chart, we can see that the major counter trendline has broken. The bigger trend is downwards and this counter trendline was a...
Here we need to wait for a rejection from the marked box. The box consists of several price action criteria which indicate that we could see a short-term bounce/reversal. Trendlines, round number, ..., 1H possible double bottom formation on the trendline and etc. As said, wait for rejection on the 1H timeframe. Feel free to support my idea post by hitting...
USDCAD has recently broken rising trendline. the breakout is confirmed so I will anticipate bearish continuation next week. Key support levels for you: 1.335 1.330
Pattern: Rectangle on 1D. Signal: Bullish if the price gets near the Support. Target: 1.77000.
pair is currently trading inside 1.34 - 1.35 trading range. rising trend line gives strong additional support. most likely we will see bullish continuation and new higher high. be patient and wait for a bullish breakout of a resistance of a trading range. this breakout will trigger buying reaction of market participants.
The pair is trading inside a 1W Channel Up since the beginning of the year (RSI = 58.168, MACD = 0.007, Highs/Lows = 0.0064). The latest Higher High, Higher Low sequence indicates that another minor pull back should be expected before a new Higher High. We are waiting to add a new medium term long (TP = 1.35900). Our long term overview remains bullish and our...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.344. TP4: S2=1.341. Set the stoploss of these orders at breakout of R2=1.3515. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
If the price cross the yellow curve downwards, I expect that Euro will touch to around 1.3780 level. Entry level is under 1.5000 support level
potential bearish cypher pattern with D point matching with minor resistance level. Entry - 1.347 Stop - 1.350 T1 - 1.345 T2 - 1.3435