EURCAD is looking very good for more continuation sell opportunities.
On the higher time frame, price approached a double tops, moving up correctively in this ascending channel structure.
We then see a strong bearish sell momentum, now the price is sitting near the bottom of the channel now.
I like to see more confirmation from the market,...
BASED ON STRUCTURE PRICE REJECTED OFF THE 0.61 FIBO RETRACEMENT LEVEL.....BUT THE M STRUCTURE FORMATION FAILED TO PUSH PRICE DOWN......SO I WILL BE SHORTING CADCHF IF PRICE BREAKS THE STRUCTURE AGAIN AND THE GOES FOR A RETEST OF THAT LEVEL
EXY is one of the most important indexes which had been investigated as parallel key in EURUSD or other pairs. As it can be seen at graph, there is three important scenario based on three important historical resistance! Regardless of that, It seems this parameter fallen in to one of the resistence. Elliot wave behavior and Price action phenomenon, say to us, C...
VERITASEUM/BITCOIN is in a range bound and beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support and it touched the strong uptrend line in Daily Chart .
In RSI the downtrend was broken and "Bullish Exit" is occurred.
The RSI is at 51.
The price is in a range bound, but...
Overall, we are bullish on CAD/JPY.
There are 2 trading plans for this pair:
1. It is a Swing Setup, price pullback nicely to the
support zone and 20-EMA. We see bullish signal
bounce back from 20-EMA and Support Zone.
A good signal to long now.
Alternatively, can wait for pullback again and
another bullish signal for confirmation to long.
2. If a 2B...
In weekly chart we can see some consolidation period. Price ranged between 93.12 - 100.38 zone. Price are going to test range resistance. We can see some sell pressure from that zone. Though in long term I am still bullish.