REASONS:
-Monthly Timeframe Candlestick shows Buyer exhaustion with a wick on top of this months candlestick , which is also bearish
-Monthly Timeframe Candlestick shows price in a consolidation zone between 1.85000 and 1.764000
-Weekly Timeframe Candlesticks also show buyer exhaustion with the last two weeks of candlesticks being wicks at the top of the...
Not much to say here!!! check out the linked (related idea) for a full overview of this trade and why its time to buy now. But basically, based on my last analysis for USDCAD the price broke the 1.3150 supply just like I had projected, went all the way up to around 1.3250, 100pips away from our final target, and came backdown to our 1.3150 (now) demand zone to...
1. If you can't explain it simply, you don't understand it well enough
Not everything that can be counted counts, and not everything that counts can be counted [/ i]
Look deep into nature, and then you will understand everything better. 4.
Any intelligent fool can make things bigger and more complex… It takes a touch of genius – and a lot of courage to move...
I see a monthly falling wedge pattern, and a nice single candlestick reversal formation at a key monthly supply zone signaling a possible reversal. Taking out my fibs from low to high I get some confluence at the monthly 110 zone most likely a 61.8 retrace and shoot up giving us about 600-1000 pips.
Que es la que hay my fellow traders,
The pair is currently at a crucial point. Last week we saw price respect a major resistance zone to form a double top on the Daily timeframe. EU has been bullish for some time and this could be the turning point for price. If the trendline is broken and a retest occurs then I will be jumping on this trade. Don't forget to set...
Price broke through Minor Quarter. Possible retests in the coming hours.
Entry: 113.700
S/L: 113.359
T/P: 114.948
Best of luck! Trade at your own risk.
