3 days/daily/4h/1h time frame analysis on USDCAD.
Price action & structure.
Bearish biased explained.
Trading recommendations given.
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Looking at my chart, we have 6 blue hearts and 2 blue ones. I'm taking those as my Support and Resistance respectively for this setup. I'm risking 7 percent on 7X Margin 49%. I'll hold for at least 2 weeks and see what happens. Thanks, I'm also using rumors, most traders are saying the current bear market won't last for long so let's see If we can catch the very bottom.
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
CADJPY we have good sell possession here as you can see because we broke good support zone here and this day candell is Pullback and you can take a sell possession and suggest you first go to 1 hour time and if you see a good sell candel take a sell possession
Thanks for reading
Dont forget Like and Follow
What's up guys!
This is a very tricky one but have to be careful
Price is currently hovering over a major support trendline in Red and it seems to be hovering over it
On the Daily time I will be waiting for the break downwards of the this trendline with momentum candles within that time frame to validate that bears are now in full control
On the 1H timeframe...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD again is retesting a strong resistance cluster.
Because the pair is trading in a bearish trend,
I still expect a trend-following move.
Sell!
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GBP/USD after taking liquidity more were formed and price broke structure to the downside following through mitigation policy. We sell into a potential area for a latter push up into the liquidity created after the formation of the break of market structure.
Technical Analysis: Based on 4H EURUSD chart, we found an inverted Head and Shoulders chart pattern with the neckline broken which could indicate a bull is coming.
Here i see a pattern i guess you can call expanding rising wedge. You can see a regular divergence with the rsi indicator, that's a sign of selling pressure.
A good place to place entry would be between 0.74788 and 0.74818 in my opinion.
Hey traders,
here is a brief technical outlook of 4 peculiar instruments in my watch list.
1️⃣ USDJPY - Monthly time frame 🇺🇸🇯🇵
What a crazy bullish rally on yen pairs.
For many days USDJPY is unstoppable.
Being heavily overbought, the price is approaching a key monthly structure now.
114.5 - 115.0 is a supply cluster...
1. Basic Rules (Filter Trend using H4 timeframe)
a. Only take Long when the price is above the 50 EMA
b. Only take Short when the price is below the 50 EMA
2. Check Market Structure using H4 TF
a. Look for trend structure (Point A, B, C)
i. Long – look for higher highs
ii. Short – look for lower lows
3. Use Fibonacci Retracement tool (after trend structure and...
1. Basic Rules (Filter Trend using H4 timeframe)
a. Only take Long when the price is above the 50 EMA
b. Only take Short when the price is below the 50 EMA
2. Check Market Structure using H4 TF
a. Look for trend structure (Point A, B, C)
i. Long – look for higher highs
ii. Short – look for lower lows
3. Use Fibonacci Retracement tool (after trend structure and...
Based on the job market sentiment last week, there might be a chance for USD to get strengthened due to the drop in the US unemployment rate. EURUSD is one of the pair that we can monitor as the price has just tested the downtrend line based on 4H Chart.
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
