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EURCAD BULLISH TREND CONTINUATIONHI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR. FUNDAMENTAL BIAS: .WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO TECHNICAL BIAS: .THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE PRICE ENTRY ZONE: .TWO DEMANDS ZONES LOCATED AT THE LOW OF THE SUPPLY AND DEMAND CURVE .THE FIRST ZONE IS AT 61.8 FIBONACCI RETRACEMENT .THE SECOND ZONE IS LOCATED AT THE BASE OF THE LAST BULLISH IMPULSE WAVE WARNING: .THE PRICE DIDN'T CREATED A HIGHER HIGH .THE PRICE NEVER BROKE OUT OF HIS BEARISH CHANNEL .PRICE ONLY RETRACED TO THE 50% RETRACEMENT FIBONACCI FROM LAST DAILY TIMEFRAME IMPULSE THIS COULD BE A NICE SETUP, BUT IT WOULDN'T BE AN A+ SETUP. I WILL LIKELY WAIT FOR THE CREATION OF A HIGHER HIGH BEFORE TAKING THIS TRADE. CORBEAU
Long
by Corbeau_FX
CADJPY | END OF CONSOLIDATION |BULLISH IMPULSE ON THE WAY ?LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE BUY AT THAT ZONE THAT ORIGINATED THE BULLISH IMPULSE, WITH A TP AT 81.000. **HOWEVER, IT COULD ALSO BE A BULLISH TRAP, WHERE THE PRICE PUSH THROUGH LAST WEEK HIGH TO INDUCE BUYERS AND TAKE OUT LIQUIDITY. BE AWARE** NICE TRADING WEEK TO Y'ALL PREVIOUS WEEK IDEA:
Long
by Corbeau_FX
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
Short
by Corbeau_FX
2
USDJPY PLAYED OUT AMAZING CHECK THIS OUT!!If you refer to my previous trade idea for USDJPY you'll see that I had the mark ups set up for a buy right around the blue box for the OTE on the fibs. Im currently up 71 pips from my entry if anyone took this I recommend taking partials and putting stops in profit because FOMC will begin soon. The market came exactly 4 pips away from my entry. I always execute on trade ideas when they are 5 pips away from my entry so this is a prime example for me as to why I don't use limit orders I always use market execution. Non the less I felt like sharing this on trading view to make my trade idea for USDJPY public as it is one of my favorite pairs to trade. I hope everyone enjoyed this. Talk to you soon.
Long
by JohnnWick
Dollar - $93.70Hello everyone, If you viewed my previous post you know that Euro tapped into 1.18450 and we're now seeing some movement to the downside - earlier this morning there was an opportunity to trade to 1.18450 - very clean movement. Now, I believe Dollar is bullish and will remain bullish up until $93.70 is traded to, $92.93 should stay if this bias is correct - if we trade below $92.93 consider this invalid or void. I am very excited to see what happens in this delivery Thoughts & Feedback appreciated
TVC:DXYLong
by CurranSotomayor