Trades were pricing in more volatility for the BoC via a loftier implied 68 pip break-even, but in the event Usd/Cad only moved in the region of 40 pips, initially, as the Bank largely stuck to the script and rolled out a very similar accompanying statement to the previous one from July - bullets and a link to the full text available via the Headline Feed at...
The wedge is my favourite setup to trade: WHY? - Sniper entry (Low risk:reward ratios!) - High probability setup. - Indicates market is preparing for big move to up or downside. Important to practice patience with this setup. A lot of fake breakouts can occur. Recommend waiting for the break and RETEST CONFIRMATION! On a higher time frame. Overall bias is to the...
AUDNZD H4 really nice rejection, perfect evening star on the H4 yesterday on a key resistance zone, stacking price action with higher timeframe, powerful trading zones is exactly what we aim to do with these less impulsive pairs, ended up pushing 5R from the lowest price before the market correction. Could see downside continuations come back into play as we...
HELLO ALL, USDCAD has been on a year long downward trend. Right now it is at a point that it has made a possible daily LL and is basically oversold on the Daily RSI. If price action indicates a retrace, a long for this pair should be an easy trade. Use daily fib to determine your possible tp and or more longs. Also look out for that retrace to possibly go to the...
GBPUSD H4 We obviously like to trade between our zones, right? That's how we know where we are looking to enter, where we are looking to place our stops and take profits, we can easily monitor and measure our trades on this basis, hence our strategy 'trading between the zones'. We broke our 1.39 support zone and sold off circa 75 pips before correcting, bearing...
Hello Traders and welcome to out channel. This is out thought process for this specific analasys. If you like this idea please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a successful trading week!
NZDUSD H4 In-between structure on NU, remember we only ever want to be buying or selling from our key red box trading zones, our H4/D1 trading areas, using these zones in line with other confluences such as key levels, regions of supply/demand and so on and so forth right. Waiting patiently for this to unfold or present a buy or sell from resistance or...
The Euro has lost 1.2050+ status vs the Dollar after testing 1.2100, but failing to breach the psychological level or derive much traction from broadly better than expected Eurozone manufacturing PMIs and firmer German state CPIs. Perhaps the EUR/USD is conscious about more dovish guidance from the ECB pre-comments via several GC members including President...
Here we have a High time frame analysis on the AUD/USD pair . On the 1W TF we can clearly identify the formation of the Inverted Head and shoulders with the right shoulder to be completed over the next 24+ months With all the un certainties around the world of course anything can happen and this pattern can completely fail like any other if a big event occurs...
*retest of structure (I am aware of structure below, don't swing you don't win) *Falling channel *Bullish divergence on 60 + 240 *Number of line closes on the line chart at 240TF -------- I'd like to break out of the channel pretty quickly to indicate a bullish move soon and then look to scale in. We may range a little more here though RR is 1:3.12 Loss...
GBPCHF H4 We have just seen GBPCHF pin into the buy zone which marries up nicely with our intersection point/pivotal point. We have seen GBP pairs correct a fair bit this week after last weeks rally, so we could be gearing up for potential rally continuations ready for next week.
EUR/JPY set for more upside movements to come over the remaining part of this week. It’s a close call, but in terms of magnitude and sheer speed of movement, the USD/JPY resurgence from 105.77 at one stage last Friday to circa 104.54 (and counting) so far today is perhaps most eye-catching, especially when set against the Nikkei’s potenital ongoing rally and close...
It’s been a close contest for much of Tuesday’s EU session and is still likely to go down to the wire as the Aussie and Euro remain neck-and-neck in the race for first place among majors. Both currencies have gleaned encouragement from independent factors, such as Capital Economics calling for the RBA to terminate asset purchases by April and ZEW survey metrics...
Great rejection at the trend line. I do expect to see the price moving more up for at least 115 pips
EURCHF D1 - Massive S/R range here offering a 10R setup from support to resistance, initial support at 1.07900 broke following an extremely bearish start to the week (D1 chart). Looking to scout out buying opportunities as we approach that 1.07200 support zone, market relief area, huge R potential. Although not as many confluences as I would like, I think the R...
USDWTI H4 - Video analysis with this one aswell, just looking and waiting patiently to see a retest of $43.50 a barrel, it's been a while since we broke this resistance price and we are just in bearish consolidation waiting to see if we can hit that big S/R retest number again. Yesterday we saw a stint downside to set a fresh low, so one more wave of consolidation...
Hey to everyone guys! Middle of week, still have only one open position on USDCHF. But let's have a look on EA. Clear trend to the downside on 4H timeframe, also we got some range between 1.6300 - 1.6150. We start to move correctively to the upside inside of our range which is OK. I would like to see the small impulse to the upside just to get better SHORT entry...