Plan : wait for prices to bounce off horizontal resistance (previous support) --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
I see the price is forming a strong support zone in the same level. This refers that this support zone is potentially strong for a short term. Moreover, there were 3 occasions where prices reversed at RSI around 40. Hopefully, this time the price will be reversing and go up trend in a short time again. Cheers, Trade with care
Plan : trendline breakout --> wait for prices to bounce off horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment...
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together....
Hello Traders! This has some good potential for at first a 10 pip move up, then a 2nd target set at 22 pips. Best, Jay
Hello traders! This is a Tag&Go setup long, a buy stop order, set and forget style is right on the red line at 1.46621 The red circle is the stop and 1st and 2nd targets are in green up high. Best, Jay
The price has respected a downtrend trendline four times and for the fifth time it looks like it may bounce off too as it has started forming bearish candles. Lets follow it closely and if we confirm a reversal we can go short. Breaking of the trendline will invalidate the setup. What are your views guys on this? I would like to hear your opinion.
EURCAD SELL ENTRY 1 1.45410 ENTRY 1 1.45360 sl 1.45600 Tp.1 1.44800 TP.2 1.44580 TP.3 1.44300
EURCAD Timeframe: 1D Direction: Long Confluences for Trade: - Price action bouncing off Triangle support - Stochastic Oversold momentum - Wide EMA gap - There are alot of support trendlines below and can provide as a strong support - DXY has diverged from alot of other currency pair strengths Suggested Trade: Entry @ Area of Interest 1.4835 -...
A bearish signal on the EUR-CAD weekly chart with the target in the area 1.4210/1.4290 and stop loss at 1.5660/1.5680.
There is a possible retest after trend has been broken. If retest fails, then we might go Long at 1.49442 region.
possible to bulish inside bar active and start pullback for retest channel support.use buy stop pending order
That wawe analysis i 90 % work. But 10 % is risk thats why all trader should know their risk. EurCad Long