As we take a look at GBP/CAD in the short term.
We currently have formed a HTF Supply Pivot and a LTF Supply Block within our price structure.
I am expecting price to target our HTF Support area for a +100 pip drop. Idea invalidated if we break and close above our green supply area.
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Updated View On WTI Oil (18 Apr 2019)
Back Ground: Oil is in a strong trend and it is very likely to go UP higher. The medium-term tgt is $68.8 region.
If you want good entries, 62 and 58.4 will be nice.
Target(s): UP 64.4 (TP1), 68(TP2)
SHTF: It will use 56 as strong support region.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow",...
EURUSD is approaching our first resistance at 1.1351 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level to our first support level at 1.1284 (horizontal swing low support, 38.2% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding...
Good afternoon traders,
Here we have a possible short position on gold , before entering we reccomend you to wait for a strong closure below 1311.00 with an impulsive candle, you can also look for entrys in a smaller timeframe such as 2H or even 1H.
We also reccomend you to pay attention to the monthly key level as the trade can reverse!
We will be updating as...
There is heavy Resistance from the Lower High trend line on 1D (bold dashed line).
If broken to the upside, a -0.82% high from the previous top may be made. The target on this scenario is 1.1353.
If rejected, it should test the 1D Support at 1.11815.
*Notice the 4H Channel Up pattern that resembles the one during February. This supports more the bullish break...
EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
It is a bit risky selling opportunity but it is hard to believe that this important trendline doesn't hold at all.
Because it is risky, then we have to wait for a bearish candlestick formation (bearish price action) and it has to come from 4H and from Daily timeframes.
Here could from a pretty nice sell setup but yes, need to watch price action around the blue...
Good night traders,
After the break on the bigger structure, the opportunity for a long position could not be unseen.
What we want here is a break in this smaller structure, since we are in a correction.
Before entering we would have to have a good impulsive candle.
After that impulsive candle, we could open a long position and set our TP at the beginning of the...
The blue box criteria:
- An orange support line which now becomes resistance
- Round number 1.06000
- A perfect Cypher pattern
- Lower timeframes RSI Divergence
There is also a possible breakout trade opportunity, wait for a counter trendline break, at least 1H candle close, perfect would be 4H candle close below the counter...
In this video update, we take a look at the end of day trade we placed on our telegram channel.
USDCHF has been moving towards the yearly highs for some time now as the Swiss Franc weakens.
Typically, when a market tests a yearly high, we do see a reaction from the level, which we are anticipating
to be lower on this pair. If we do see a daily bearish close here,...
As we can see the Nasdaq broke through the all-time highs at 7702.50 this session.
But will price break highs or bounce?
Looking at the price currently, we are seeing a rejection of the all-time highs.
If the daily candle closes bearish, we could see downside to the previous highs at 7509.20.
A break and close above the all-time highs could see significant upside.
In this video update, we take a look at gold as we may have seen a false breakout at a key demand zone.
The 4hr chart is highlighting a potential double bottom pattern and if price closes back within the previous
candlestick range we could look for Gold to push higher towards $1300 again. This is an aggressive outlook
as Gold is bearish currently and the sentiment...
Price has held high for 20 bars without progressing the bullish trend
Bearish bias because Macd crossed below Red signal line heading towards zero line
Sell Stop @ 111.95
1st Sell TP @ 111.65
2nd Sell TP @ 111.30
3rd Sell TP @ 111.03
Find your SL
Close trade if Macd crosses above Red signal line
Based on the price action around these levels it is likely that price will be pushed lower for a pullback play. The analysis of this one starts at the weekly timeframe where price experienced a big drop the last time price was around these levels. The daily chart created new value at these highs and is currently rejecting it. On the intra-day charts, price created...