The Breakout Opportunities system has just bought USDJPY at 111.975. The system recommends entering this trade at any price between 111.939 and 112.105. The signal was issued because the USDJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.559, suggesting that the USDJPY may have further to rise. A stop loss has been set at the...
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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#USDCAD pullback to 1.3370 as WTI breaks $65.00
Rally in Canada’s main export item triggered the pair’s pullback. Data from the US and oil market developments will entertain Loonie traders.
A 100-day simple moving average (SMA) at 1.3330 seems nearby important support ahead of dragging the quote 1.3300 and March 19 lows near 1.3250.
Alternatively, the successful...
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...
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",...
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...
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...
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...
The Tidal Shift Strategy has just bought USDCAD at 1.3392. The system recommends entering this trade at any price between 1.33748 and 1.34092. The signal was issued because our Speculative Sentiment Index has hit its most extreme negative level for the past 145 trading hours at -1.62012, which suggests that the USDCAD could be trending upwards.The 14-period...
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...
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.