Entry: 1.07380 (Now) TP: 1.09954 SL: 1.06810 Cup and Handle forming Clear up trend and above all 3 daily EMA's Key Daily level already broken and tested Target is a key weekly supply zone.
USDCAD is forming a new bearish setup while the price is in a tight sideways channel. The bottom part of this congestion phase also matches with a previous important support, so a breakout of this key-level might push the price below 1.31. This is a stop entry order, we are not going to enter at the market price.
NZDUSD is testing again a short term support that we have had for the past 3 days. We are waiting for the right attempt by sellers, so we place our sell stop entry order right below the level, waiting for a breakout.
AUD/CAD TECHNICALS, CHECK IT #tradesafe
Absolutely gutted that i didn't take this trade. My analysis was spot on and i am really proud of that. Trading in channels with 2 tests of the resistance level, price rejected and continued to the downside and further, breaking support. Risk was 30 pips with a gain of 112+ pips. Really basic technical trade but, great result. Confluence was incredible but,...
For the swingers among us, we can see the XAU/USD is bearish. For now, the price is between two Quasimodo levels. Quasimodo pattern is one of the most powerful reversal patterns. The supply above is a bearish QUASIMODO pattern and a great level for sell position. The demand below is a bullish Quasimodo pattern and a great level to buy XAU/USD.
We tried to catch GBPCAD yesterday, trading the breakout of an important level. The trade was going in a good direction, we started to take part of the profits, but then we had a super movement in favor of the GBP, so we removed the trade at the entry level. Today, we try to catch another possible breakout with the continuation of the downtrend.
NZDUSD tested again an important resistance and sellers already showed to be quite strong around this area. With a very good risk to reward ratio, it's worth to see if sellers will continue to push the price down, resuming the downtrend.
AUDCAD tried to give one more run to the downside last week but ended up stalling out and landing into consolidation. This area has a strong history of consolidation leading to reversals for the long. Let's see if that's what we are building up to this week. If not, we'll continue down to my next daily SR level and if we break through that, I'll post new TPS. ...
EURCAD is clearly in a downtrend, but not having any strong down-movement, at the moment. There was a first support (in blue in the chart) that held for a while, then the price went below it without any strong action. Now the price is passing another swing low, let's see if we will finally have an acceleration of the price, going down towards 1.4430.
I published these levels a while back and we see XRP respecting these support levels time and time again , each time with increasing volume . We could still be in the phase of building a bottom , which can take a while and price could go sideways for a quite a bit here. But these levels are superb for trading and for longterm entries. But I'd sell if price...
GBPJPY had a very strong short-term downtrend and sellers were taking a break, celebrating the very good profit they made between the end of last week and the beginning of this trading week. The price entered a tight up-channel and right now sellers are attempting to break this chart pattern, pushing the price down, resuming the downtrend. This is a very clear...
USDJPY is going down very fast, breaking a very important support level with a strong action by sellers. I propose this trade with a very easy stop loss and a convenient take profit, that guarantee a risk to reward ratio that is better than 1:2.
It seems like we are gearing up for another week of bearish divergence. I am predicting for a dump to the lower $9,000s soon and hopefully a break of the counter trend-line ($9,600). My stop is $10,100 as we see we have a new resistance around $10,050. We should be in for a good short all the way down to $8,500-$8,00 respectively.
NZDJPY is in a very strong downtrend, at the moment. Price is going down very fast and we will try to join the down-movement on the breakout of a short-term support. Setup of the moving averages is also extremely bearish, so we can't pass on this one :)
Marked in the picture the key levels for a day trading opportunity Buy the demand where the price just arrived now. Sell the supply above.
Happy to be returning to the weekly trade setups! EURCAD is showing a really beautiful setup for the long on the monthly chart. We are currently forming a hammer candle on the monthly and the RSI is at rock bottom. So I will be placing a position trade once I have full confirmation for a buy as a swing trade. On the 4hr chart, we are sitting on a daily SR...
Like all the GBP pairs baring the NZD there are shorting opportunities on every pair. Waiting for Monday Confirmation on the 4 hour TF and all my rules to be met then i will be opening a short position.. #PipGainFX