Daily retracement reached 76.4%.and I saw a equalievent time cycle.. Highly reliable buying setup. I am long now.
My first forex is GBPJPY, but, it is going up and i miss it.. So during waiting GJ. I am scout new forex and found this USDCAD. Maybe it will make the 1-2nd wave and going up to 3rd wave. My plan: IF it not Lower low than 1.26253, I am waiting to break Trend line and BUY. After break 1.275, I will put another BUY. Plan B: If it going down , Let it be....
Hello Traders, Here is a bearish Wolfe Wave forming. This is a smaller time frame Wolfe than the larger one I have linked below and also highlighted in grey. This could potentially cancel out the larger frame Wolfe. If the larger time frame Wolfe completes at Geo"s Off-Set rule we could have a Wolfe Wave completion at 5" for the smaller Wave. It will be...
Here is simple trend continuation analysis on GBPCAD. Dependent on P.A. at the trend line we could look for a valid entry point and candlestick formation. If however, P.A. breaks above the descending trend line price could rally all the way up to 1.8550. Either way there is a lot of pips here to bag. Targets are bases on simple fibonacci levels and trend...
EURCAD is at a level of Resistance. The pair pull backed and has a few things acting as resistance. 1. We have a Horizontal resistance level. 2. 20 EMA is holding the price down. 3. The Camarilla Pivot R4 is holding price as well. Price below this level is considered range bound unless broken.
Ending Diagonal spotted on the GBPCAD. Another good indicator is the RSI. The RSI is making higher lows when price is making lower lows. Ending Diagonals make you work for them. The safest way to trade them is to wait for a breakout and enter on a pullback using your own strategy.
Current spread is 550 Pips, the widest since mid June 2015. We will be going Long USDCAD & Short EURCAD These pairs have been 70% to 96% correlated during the past year. Since they have been recently become uncorrelated we expect the correlation to return shortly. EURCAD is approximately 25% more volatile than USDCAD therefore your position size for EURCAD...
Entering previously valid fibonacci trend zone signaling possible reversal linked up with fibonacci retracement .382 aswell as a triangle. /Uncle & son
Overall DT. resistance on the SZ and at the U-MLH very low closing bar (PinBar), rejected at the SZ This is a potential short which i try to trail down as far as possible, without the exit at the CL. To me, the past down swings look like a load of a big battery. ...just my view, and probably dead wrong ;-) But i play chances, like Casinos do. P!
The primary trend of EUR/CAD is bearish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking resistance of 50 day SMA downside indicating downtrend of the pair. Resistance level of 1.4525 and Support level of 1.4405 If it breaks its support level on the downside and sustains...
SHORTING OPPORTUNITY PAIR: USD/CAD TIME-FRAME: 1HR TRADE: OVER-VIEW I haven't done an over-view post before. But here is a very good example of building a case for entry. We have a shorting opportunity with 2 patterns, 1618% fib inversion, AB=CD, Structure, Bearish Trend, Trend Continuation Meets Counter- Trend Trade, Double Top and RSI...
POTENTIAL PATTERNS PAIR: USD/CAD TIME-FRAME: 1HR TRADE: PATTERN SETUPS Good morning traders, I hope everyone is having a good day thus far. Here are some potential trade opportunities after doing analysis on the USD/CAD - All we need to do is play the waiting game. Let the trades come to you, instead of forcing trades from the market. Currently short...