Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Price Action (Technical Analysis): Coming into this week we are speculating price action, I am anticipating a possible entry to continue short based off our Fibonacci Retracement Levels. The Pound showing weakness led this pair to breaking below it's support and for us to expect an exhaustion. Our potential entries coming from a Technician perspective would be...
bulls push the market to 1.642 structure resistance setting new higher lows. be focused and buy bullish breakout of this level. your target level will be 1.66
Long AUD/CAD if the price rebound from the support level.
USDCAD has recently reached a significant structure resistance level. on 1H chart the price is coiling within the trading range. Wait and sell bearish breakout of the range with your initial target 1.31 and you can look for potential extension to 1.306
NZD/CAD - Potential short opportunity may occur if the market remains bullish and moves closer towards the upper resistance level. The chart analysis shows NZD/CAD being rejected by this resistance everytime, over the last 5 years. This shows a good indication of the strength of this historical level, and further supports a short entry. Before entering some...
awaiting trend reversal setup now that we caught the news impulse. Structure said BUY News said: NO CHANGE Result: AUD jumps directly to previous hourly high. Now this trade is paid for with an extra risk amount. Next we compound the interest earned on the news. :) I truly love trading. PS> next wave can take us a bit lower. Wait for the break of the...
Clear broken support which now becomes resitance and bears taking over. Smart money probably pushed the price a bit higher so that buyers enter but as I mentioned its a clear broken support which is now resistance. Price will go down.. Great risk/reward. Catch it & enjoy my friends!
We can open BUY in Buy Zone because: - The price breakout Trend Line and pullback to it twice. - If daily candle will close under we should looking for short term SELL.
Trade Idea: USDCAD has managed to break key resistance level yesterday as seen in the chart. Now price is approaching the final resistance level of a tight range that started back at the end of June. Thus, this gives rise for a short opportunity with relativity limited risk and reasonable upside. On other note, do we be aware of the US Q2 GDP coming out this...
We can open BUY after pullback to Buy Zone
AUD/CAD - possible long opportunity may occur, as this analysis shows the markets reaction to this support level over the last 10 years. Every time the market has touched this level it has bounced. It Is recommended that traders should enter a long (buy) if the market retests this support level or there is a slight reversal. AA high probability trade like this,...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
GBP/CAD possible long Opportunity. This daily chart indicates the market will most likely bounce off this historical support level. As you can see on the analysis, this currency pair, has bounced off this support level every time in the last 10 years. A trade like this can offer a favorable risk: reward ratio. Disclaimer: This is simple technical analysis....
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
NZDCAD i s forming a ABCD 5 point harmonic pattern. Market is showing good bullish momentum Current bullish wave is toward Potential B FX:NZDCAD point, A brake of that yellow area will confluence the pattern completion...
Ray Dalio is the founder of the world's biggest hedge fund firm, Bridgewater Associates, which manages $160 billion. An American businessman with an estimated net worth of $16.9 billion. He recently has published a quite interesting essay on his LinkedIn account. Ray Dalio thinks the current era of low interest rates and quantitative easing might be coming to an...