As you may have noticed from the publication we made on Monday, our initial bias on this pair was a long-term sell. However, after noticing the recent price action, our bias has shifted by 360 degrees.
Looking at the 8H timeframe chart, we can notice that the price has formed an area of support at the 1.286-1.287 levels. At the same time, if we use the Fibonacci...
Firstly, if we take a look at the Weekly timeframe chart, we can observe that the recent few candles have resulted in leaving long wicks to the upside and failing to print impulsive moves and continue bullish movements.
Zooming into lower timeframes, we can clearly see that the price has made some attempts to break above 136.7 zone of resistance and form new...
As you can see price is in the Demand Zone , We have to wait for consolidation for triggering reversal positions , So , this is an update for previous TA , which was :
As you can see, the price has already reached the level of $1755 with a strong break of the $1786 level! The price is in an important range! The reaction to the $1753, $1746 and $1722 should be...
There has been a recent BOS to the downside on both the Daily and 4H. So it's reasonable to expect a pullback on those time frames. The 15m has now switch Bullish suggesting that the pullback is now in play. If price returns to my Demand levels I will look to take longs.
There is an opportunity that presents itself right before London Open.
If you catch this move just right you have the trade for the day.
I've already written the set up program through a system I call 17:1 ADR Strategy System.
This system measure price and time during the Morning Zone to gauge the optimal entry before or during London Open.
We then use the...
Hello to our subscribers and the TradingView community welcome to Wednesday’s update. With oil tumbling and the USD jumping, we can only think of one pair that benefits from those two moves. The USDCAD is highly driven on both fronts, and the CAD is a commodity currency that generally tracks oil’s fortunes. The USD, well yeh enough said.
Last night we saw key...
Alright ladies and gents, after a tough loss on the previous long (ok 1% loss isnt too bad) I am back in on this GCAD Long. I am very bullish on the pair due to my strategy and this setup is showing a very nice reversal. Trade without emotions my friend, when you setup presents itself, you simply enter. "Plan the trade, trade the plan".
GJ short term bullish but overall we are bearish .
now I'm waiting for 162.500 to be breaks beceause it psychological level 16.500.
we may see a break for this area than a retest for the resistance if we will be respecting the break for the resistance @162.500 and the 0.382 fib level we may see the 164.400 area at @0.61 fib level .
after the reversal I will be...
Overall Move Bearish
Stop Loss: 162.567
Take Profit: 161.263
Take Profit 2:160.700
*Use proper risk management on trade
*Don't be greedy or hold an EGO if you are losing!! Accept the loss and reanalyze for another Entry.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will...
Trade Type: Bearish Swing Charted from the Daily.
Stop Loss: 1.50970 ( Don't have to follow, my personal stop loss)
Take Profit: 1.49800
Use correct risk management!! This is a swing trade idea so drawback could happen but I am following trend of the market!
An analysis of a variety of time frames ranging from the daily to the monthly month time frame suggests that the EURUSD price will continue to be observed in a down trending environment, which started June, 2021. In July, 2022, the EURUSD price may find support around $0.99xxx and resistance around $1.03xxx.
In the daily time frame, the EURUSD may continue to...
Just Updating the last chart that was :
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👤 Arman Shaban : @ArmanShabanTrading
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