A bearish trade opportunity recently presented itself on the kiwi-yen trading chart 📉. This is indicated by the bearish inverted pin bar just below the 88.957 horizontal resistance level. This shows a rejection of the same resistance level, with potential price move in the downward ⬇️ 👇 direction. Sufficient downward momentum should see price dumping towards...
GBP/CAD: Heavy Bank Buying! - This morning GBP/CAD dipped back into the High Volume area - Banks used this dip to scoop up the pair - Need to break current resistance (see Chart) - Almost no volume above it, indicating room to run ✅ Check our bio for Wall Street Setups ✅ LIVE MyFxBook Performance ✅ Real deal Wall Street Trader Meikel & Team WSI
Unlike the previous analysis, on Monday afternoon, CAD dominated the market with the emergence of buyers. there is a possibility that the buyer's forwarding will increase to the supply area.
in the aud vs jpy cross pair, it is clear that the seller is starting to dominate the market movement. With the formation of a chart pattern, namely QMR, it will be my area to enter the market with very minimal risk of selling
with the volatility of world oil prices, and the volatility of the Japanese yen. made the price of the CADJPY currency pair skyrocket. however, it is clear that sellers have started to dominate the price movement in the last week. the best opportunity to enter the market is to wait for the price to touch the supply area as in the chart we present
Looking at price action on some of the different hourly timeframes + high probability retracement opportunity on GBPNZD. Be sure to check out the next post i make which is my analysis of this same pair from a higher timeframe perspective. Show some love and leave a comment telling what you think about my analysis.
GBPCAD is headed towards the zone marked and is looking good for a sell. details on chart.
NZDUSD looks like a good sell, and EURUSD should go for a long due to double sc and near thousands p line
EURNZD Setup: HNS Confluence: BRN Double tops CRS Entry: Sell @ 1.7400, SL @ 1.7480 (80 pips), TP @ 1.7200 (200 pips) Note: Price still can fly. If bullish momentum kicks in around 1.7400 levels, then I will cut loss and reverse my position to buy.
Currently at resistance level. However, it could still go up to test the bigger move. Either way, let's wait for more confirmations to sell.
FX:CADJPY Can buy if price retrace to right shoulder area. or catch the retracement after the sideway bullish breakout for trend continuation. Price is likely to test 84.000 first. If the trend is strong, price will then retest 88.000 TAYOR
Possible go for short in this flag formation between 30-50 pips before its going up current situation still build-up - to trade for long by BO technics, watch at 142.430 area ( tested 2 times already ) Entry zone for long between 141.767 to 141.485