As you can see we previously saw price break our zones which hit our TP. Higher prices are being rejected we now are looking for the pullback.
lets see how the week ahead is going to look as we prepare a sell with the look at the market dropping down towards the 26000 level..
its a new week so lets catch some pips because
Everyday is Money Day!
The currency pair (USDCAD) throughout the past week consolidated and then gained traction towards a downward (bearish) identity. A reversal or further consolidation may be imminent. Be cautious and let market action take place (Support Level 1 or Resistance 1).
Resistance Level 1 - (1.34680 - 1.34730) 50 pip interval
Blue Horizontal Line -...
As you can see I'm only looking for the sell at this stage. GBPCAD broke the trendline with the strong down impulse and now it's making correction (sell setup) about the trendline what is a good sign. The bigger picture also looks downside and this is the one of the reason why I'm interesting only in the sell. Wait for more sideways candle and take...
We've hit a remarkable low on EURUSD and I expect this to be backed by a retracement of 50% to 61.8%
The entry is long but the trade bias remains short as the Downtrend is not completed yet.
All the best
Check out my previous EURUSD Analysis
There has been a long bullish trend in Xau/Usd and the price is now at the moment in the weekly resistance zone and also soon at the top of the channel.
That means we could see a potential pullback to 1296 zone where the latest bullish push was, where the price also broke daily resistance that is also the reason why i possibly see the price dropping, cause when...
Price is currently in EQ of the larger range with a-lot of internal pending liquidity. BTC also has broken a previous swing high and seems to have found some support. we must hold this level. There is also a price imbalance that needs to be filled. Target price of this trade is 3950. I will evaluate what the next trade will be once we reach this level.
15M EURUSD. The retest breaker block is holding fairly well. Something that makes an individual a great scalper is the ability to flip their bias immediately. lets see if price can break through and fail at the swing point and continue falling lower into the blue shaded area.
CADCHF does not appear to have any rallying power what-so-ever. The chart looks exhausting, the news surrounding the pair is uneventful, and the technicals are pointing south on the daily and weekly. In my opinion CADCHF is headed for down.
-Wish you guys much success; don't give up.
if you are going to be an ass just stay away, looking at the 4 hour will we see retest and climb?
could this be the next line of climb that xrp gives us? what are your thoughts and projections?https://www.tradingview.com/x/KtH2dAHK/
Anyone familiar with the Commitment of Traders Report knows that the commercials have reached an extreme range that leaves much room for rising prices. Added to this is that the chart image with the recently formed double bottom looks bullish.
This is what a trade might look like:
- Entry immediately
- Stop Loss below the last local low
- Take profit with multiple...
In our first post we said BTC had shown its first REAL Bullish signs and we needed to be patient. The bullish run is now confirmed with us also above a long Term Trendline.
This is where trading skill and experience comes in. The longer it goes up, the stronger it looks the more the amateur wants to buy it. But the more the professional knows that price us...
This calendar spread is currently close to an extreme again. If you want to short this spread to exploit the mean reversion effect be careful because this specific spread (September/October) is only tradable until mid of August!
A first take profit could be the level of $1 if you are conservative. If you are a bit more aggressive then you can close the trade at a...
Keep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread!
What do you need to do to sell this spread?
To sell this spread you have to make 3 transactions:
BUY 1 soybeans contract
SELL 1 soybean oil contract
SELL 1 soybean meal...
GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside.
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This very interesting soybean crush spread is very close to its extremes and we think it is a good idea to short this spread. To do this, you need to buy 1 contract in soybean meal, 1 contract in soybean oil and buy 1 contract of soybeans. Our target is the level of 130 and we are willing to sell one more spread at the level of 180.