Strong bullish move to the upside, after CAD Governor Poloz spoke, Brought weakness to the cad dollar. NZD came out strong during the New York session & also broke out of its daily downtrend. A slight pullback expected I am looking to get a break of the counter trend line to go long. NZD has news this afternoon we could get some nice movement then.. Trade with care!
Price rejected multiple times at Daily Resistance & downtrend line. We could get a bounce back up to the previous high or possible reversal breaking support making lower lows & lower highs again. Will watch for strong movement to determine more direction..
Price broke out of daily trend line then came back to retest & is now consolidating above. Giving this pair another look hopefully we get some movement for a breakout of consolidation area. Overall still in an uptrend & we could get some more upside..
Price still ranging within channel, waiting for a break either direction as DXY (Dollar index) is breaking out higher. Could see a break to the upside & would need to see a retest after, or breakout of the 4 hour channel back down to its recent low.. Patience..!
Short only if break of trend line. 200 EMA acting as Resistance @ weekly zone, watching for a potential breakout this week...
Price back above supply level, & in triangle formation, will wait for CAD tomorrow to determine going long. 1st target would be at previous high..
Price is moving within Daily channel. Looks like we are under a fib level & supply zone, I am waiting for a break of counter uptrend line to go short. Trend line has been respected 4 times, & price is caught in a spot where it needs to breakout. Could happen during tomorrows morning's news for CAD. Will be watching price action, it could head back to the bottom of...
Price broke out of its uptrend wedge last week then has been consolidating above for the past couple of days. Also broke my ascending triangle with a bullish candle after touching the 50 fibonacci level & retested broken trend line. Price is currently above 91.00 supply level, & has been consolidating between 90.500 & 91.000 area.. I am expecting more upside...
Price broke out to the upside when the market closed on Friday. Here I see on the 4 hour a break of its downtrend line & a retest @ supply zone / 50 fibonacci level. Will watch how price action plays out when the market opens. Not rushing into this one just yet but will be waiting for more confirmation during the first fews days to see how price action plays out....
Setup still valid not much changed since I last posted on Friday. Triple top now spotted & currently at a strong area of resistance. A pullback higher is possible but not expected personally. Will watch to go short after a bearish engulfing & break of the counter trend line.
Potential setup here, resistance holding strong & we see price in a triangle. Looking for a break to the downside to look & enter short. Pullback to 50 fibonacci level complete, I believe this pair will see more downside. USD news tomorrow as well, & DXY at a daily support level. If we can get a break of dollar index support I believe we will see more downward...
So far the support area (Triple bottom) is being respected. Waiting for a cleaner break to the upside to enter..
Triple bottom at a strong area of support which has not been broken since April of this year. I expect upside to take place & is also testing a daily 61.8 fibonacci level but is failing to break though. If support holds I expect price to rebound off support to the upside. Watch for potential break of support level / trend line if you are looking at this pair...
Price potentially breaking out of its uptrend channel, looking for a cleaner indication of breakout before going long. GBP news soon, may look for a setup then. Expecting a possible touch to 61.8 level again before going to the upside. 1.6300 resistance would be the first target !
Positive rate high for CAD today, lower high was formed during the last couple of days for this pair. Price broke through 50 fibonacci level, now expecting this pair to make a new lower low. First support target @0.8700!
Price respecting supply zone / 50 fibonacci level. I am looking for a break of counter trend line then retest before going long. This is a setup I have in mind for CAD news tomorrow morning, and will look to enter around that time. Only enter after solid confirmation :)
Price came out of its wedge last week, came back to retest and is rejecting the 50 fibonacci level. I expect price to come back up to its critical zone @89.00 before breaking though or back down from there. We are now in a solid uptrend.. Trade with care !