It's not over yet for the UC bulls. Fundamentally , market conditions have not changed too much despite the sell off in USD the last few weeks. Yes, data was disappointing, but in terms of U vs. C, these two items still remain: 1. Oil has yet to find a defined bottom. 2. Divergent policies banking between the USA and Canada. Though, I do believe we maybe...
-Firstly as we can clearly see we are in a down trend channel formation -We have had multiple bounces from the Top trend line which is now acting as Support -we formed double top on the 30H chart -We have also priced in lowers lowers Remember History repeats itself GoodLuck everyone
Reasons For -We are now down trending on the 4 hour chart -We always want to trade in the direction of the trend -We are making lower lows and lower highs -We are trading below key level at 1.4000 Which we broke with a strong downside move -If we put a Fib in from previous Lower high to the new Lower low price is reacting to the 0.618 Level -Sign of retrace...
Divergence on 1H. Completion of ABC correction pattern. Waiting for a consolidation above the breakout to enter long.
Fundamentally, Oil is severely oversold and price is pointing to a rebound. Technically, COG had a perfect AB=CD correction that also lined up with a huge supply level at $15. We then put in a double bottom. The next major resistance area I see that we should certainly hit is $27.
GARTLEY PATTERN PAIR: AUD/CAD TIME-FRAME: 1HR TRADE: GARTLEY PATTERN Looking at potential Gartley Patterns on the AUD/CAD 1HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
CYPHER PATTERN PAIR: USD/CAD TIME-FRAME: 4HR TRADE: CYPHER PATTERN Here we have a Trend Continuation Trade and a Potential Cypher Pattern on the 4HR Time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: ...
3 PATTERNS PAIR: EUR/CAD TIME-FRAME: 1HR TRADE: 3 PATTERNS Here we can see pattern setups on the EUR/CAD 1HR time frame. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
CADJPY has been setting up to become a great selling opportunity on a macro-standpoint for the following reasons: I was looking for a drop well-before today's action: twitter.com twitter.com twitter.com twitter.com Fundamentals in a nutshell: CAD is highly correlated with WTI crudeoil, both on a fundamental and technical level. There still is no tangible...
CYPHER PATTERN PAIR: USD/CAD TIME-FRAME: 1HR TRADE: CYPHER PATTERN Cypher Pattern is @ Market on the USD/CAD NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: www.StarProsper.com FACEBOOK: facebook.com YOUTUBE: www.youtube.com
USDCAD Wave C looks to be an ending diagonal. Im expecting a burst to the upside.
AUD/CAD extends higher after taking support by trendline at 0.9860, we see scope for further gains. Price action is above the daily cloud and 200-DMA, cloud top at 0.9874 also offers strong supports on the downside. Technically, RSI points north, while daily Stochs have bounced off from 20 levels and biased higher. Brent oil is slipping on the day after four...
Possible long trade here if price can bounce and break CTL, monitoring price action for an entry