USDCAD has twice tested the 50% retracement level from the high. With new tariffs on canada from the US we may now have the fundamentals to break the level to open the door to the 618 retracement. Price has cleared above the yearly pivot pivot with the quarterly r1 and 50% as the only hurdle acting as resistance. The Quarterly R2/618 level would make a great level...
AUDNZD, Pair hit quarterly pivot with confluence on yearly quarter pivot. Pair is pushing down from a morning star . The daily appears to be oversold or approaching it soon. However the daily candle is also bearish. So, pair is sitting at a support and resistance line. "RED LINE" If your trading this pair, look for a close below it to go short . If that line...
EURGBP, Yearly pivot is holding and pair is oversold currently. I remain bullish while this holds. On a larger picture, we have a what appears to be a very large head and shoulders forming. When the pivot breaks, ill switch my bias. As so should you. However for now, Support is doing its job.
CADJPY Divergence setting in on the STOCH and RSI. Pair currently sitting in on the yearly mid pivot and the quarterly S1. If pair breaks back above the dark red line id expect the pair to move up to the 82.25 level. If not, hold your trade for the long around 79.65. These are zones, not concrete barriers.
AUDCAD, Bullish bias while above the Yearly quarter pivot above 1.0270. Pair is overbought on 4h chart and expect a pull back. The pair is not overbought on the daily chart with room to the upside.
NZDUSD has found support on the Monthly and Quarterly Mid Pivots. If support holds looking at mentioned targets on chart.
open short if the price action breakout the daily pivot point ((this is not a trade recommendation it's my view i have no response if you lose))
at the first blue line: if candle breaks, so make a BUY. -------------------------------------------------------------------- don't order for the real account. just for a demo-test.
inflection point This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea. While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I could see a direct corresponding pattern in wti &...
I am USDCHF for short term sell. If price hold potential reversal point then i will look for short. In case price break up then it will change the structure in that case i will look for buy.
- The price is bouncing back from a strong support area made of a support area, S2 of my pivot points and the 1.272 retracement. - RSI and Stochastic are oversold on the 4H chart and were oversold 2~3 hours ago on the 1H chart - Still playing around with the Fib Time Zone, the bounce back is around the 8th retracement, we'll see if that means anything - Buy stop...
What I see : - Currently in a downtrend after bouncing off R1 - RSI is about to pass below 50 What I expect : - Price will keep going down until it bounces off my support area around the .786 retracement level of XA then shoot back up What I'll do : - I will wait for the price to cross the .500 retracement level and go short with a stop loss just above the...
After a 3 weeks downtrend looks like it's going to reverse. - A bullish gartley pattern where "D" is flirting with the Bollinger Band and S1 of my Pivot Point - I'm nice reversal pattern pattern of the candlesticks I'm going to go long on Monday as soon as market open, My stop loss is set just a few pips below D. For now my take profit is in the middle of my...
Everything on the chart, good luck to you all.
So after the market reached those fresh highs past 1.1400 handle the polls were still in favor of Bremain. Thankfully I decided to abstain from referendum craziness so I didn't take the buy order as I would've in any other day of the week. Now we have breached lower levels we can have a bit more confirmation on the direction of the markets. I'm looking for...
USD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure Charts I would suggest doing some homework. They can...
Look at jumping in on this down trending market at 0.8775 level if price can break below... Price has retraced, testing new Resistance, now looking for the signal to short this market. Stops @ 0.8793 Good potential reward on this set up, 1:2 initial targets, further targets @ 1:4 + if market continues to show bearish momentum.
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...