Euro was on a bearish trend the last weeks. At today season, a bullish 4H candle has broken the bearish trend. We can expect a bullish impulse till 1,485 level. A significant breakout would confirm the bullish rally till the next maximum level. If doesnt break that level, bearish rally may appear. Be carefull with the high volume of this pair.
Canadian swiss franc has two major horizontal levels. Price action looks like it might break horizontal level upwards and range between 7300-7700. It's had a very nice bullish run this week, however, it is important to wait for the daily candle to close above the horizontal resistance. RSI has reset and still has more room to move upwards. It also broke the ...
Hi traders: Here we have a potential sell setup developing on USDCAD. As we look at the 4 hr chart forming another potential bearish flag pattern, could see a break out down to the lows of 1.3000. On the higher time frames we can see similar price action forming. Daily chart is also dropping and forming some consolidations before the next bearish move to the ...
Hi Traders: We have a quick pullback opportunity on USDCAD. WE know that daily chart has been in a bearish trend, now has broke support. It does need a pullback to a nice level before continue downward. I am looking for an quick in and out position, then we will be looking for a big trade to the down side. Thank you for your support and feedback
Hi everyone: Looks like we have a nice long entry here on CADCHF, as the 4 hr chart found a nice support around 0.7150 and broke out of the resistance trend line and pulled back to form a higher low. Good to go long for 2 targets. Target 1: 0.7270 (2%) Target 2: 0.7350 (4.29%) Thank you for your support and feedback.
Hi everyone: CADCHF has been on my watch list for a few weeks now. This week we are seeing a potential falling wedge broke out around 0.72000 area. The daily chart is is over extended, and in need of a proper pullback. I will be looking for any potential long opportunity on the intraday charts. Thank you for your support and feedback.
Exactly like we did and expected, with one of the best risk reward this month, is time to take our profits absolutely clean, price entering in rejection zone, so probably the gap will give us more profit, but remember greed is good and ultra greed is delirium! So take the profit now!! Have a good familiar weekend and next trading week!!
Price has hit a key 423.6 resistant Fibo level which I believe will push lower to the horizontal resistance turn support at the level 1.75294. RSI is trending lower at a high overbought level and along with Stock trending down. Price may be pressured downwards to the key horizontal level. Confirmation on H4 shows downward pressure.