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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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
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.
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...
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...
Hope this idea helps!
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In this video, I will show you how $100 traded with the Martin Trend LIne Candles and Martin Profit lines indicators below in the last 7 days would have turned into $1,798. Incredible profits!
Get these two indicators below and come make these profits with us! Feel free to copy out...
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",...
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...
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...
1. Fibo retracement 62%
2. Fibo extension 161%
3. 2011 low
4. Previous 2019 high
5. The round number 0.96000
6. Channel projections
From a technical perspective, this level should be pretty strong, add here some fundamentals, etc.
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Have a nice...
GBPUSD is back to 1.3000 again so we need to ask ourselves the question, break or bounce?
If price holds here we could see price move higher, if price breaks and closes below 1.3000 then we can expect
further downside from the GBP. Wait for the market to confirm a direction before trading this zone.
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...
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 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,...
HSI is approaching our first resistance at 30025.0 (horizontal pullback resistance, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 27903.0 (100% Fibonacci extension, 38.2% Fibonacci retracement, Horizontal pullback support).
Stochastic is also approaching resistance and seeing a bearish...