this is long term view of USDCAD
there are 2 main countings for this pair. black one which indicating that uptrend is over and the purple one which indicating a deeper correction for wave 4 and another wave to upside as wave 5
lets see which one is going to happen
On market there are bullish trand. You can see it on charts from oct. 2014
Toch resistance level going to be end of 2016 year.
So I recemend open position in long
open: 68-70
stop loss: 60-62
take profit: 84-88
So I rebuilt the ANN Strategy with my own codes I added. It took me a long time to get this far, the first 2 weeks it wasn't repainting but then it started repainting slowly. Not hard like the original script. Please feel free to edit the script and post it at the bottom. Thank you everyone! I hope this script I rebuilt can help people! That's why were all here...
at these stage spx is on a no go zone , on up side price action is sitting on big resistance around 2095 and a fib level a couple point above that and below it face as support and it quit a BIG one that have been defended for quit some time now but it will be very interesseting to see wich side it's going to actually go , on either side they are big target long...
will wait for price action but I think long term it will be long... checking from monthly and dialy there might be a lower swing... but price has never broken that key support area and I don't think it will... I think it will bounce of the resistance from short and hit a long... this might not be tomorrow but long term long
Good ~200-300 pip long setup
The pair is looking to stay range-bound within this wedge
Would look for consolidation at 1.63 level before taking long position
Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally
Here's a daily chart showing the wedge
Keeping my eyes tight on this one. 0.500 retracement from March 2013, and very important psychological and historical support level of 1.81
SL and TP as shown on chart
According to dailyforex: Yesterday’s signals were not triggered as none of the key levels were reached...
USD/JPY Signal Update
Yesterday’s signals were not triggered as none of the key levels were reached
Today’s USD/JPY Signals
Risk 0.75%
Trades may only be taken from 8am New York time until 5pm Tokyo time.
Short Trade 1
Go short following a bearish price...
If price continues up at this rate it will hit the trend line at the .236 fib retrace, from there it will either break up or get smashed down again. I am already in this one long but wanted to share it. There is a level of resistance from 2014, the only support/resistance at this price action with the next one below at 105. Ultimately I could see this thing...
In the global context can see a vision of the upward past form a clear and almost perfect arc with an epicenter or core, now in the second this period, again we can see that the price wants to reach that core or center, to thereby complete the Genenal training,
always remember that this is only an idea or concept of trading
