Welcome back! Here's an analysis of this pair! **NZDCAD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
I have just identified a similar scenario to that which we saw in the EURUSD ( this was shared earlier): With a key level at 1.255000 sharing a confluence with the bearish trendline identified in the 1H timeframe, I am looking forward to selling the British Pound going into the New York session... Stay tuned in as regular updates will be shared on my tradingview...
With a simple downtrend continuation pattern identified on the 1 H time frame after connecting the series of lower highs; I am looking forward to taking advantage of a potential bearish momentum going into the New York session. Let's see what happens as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including...
NZDCHF has been in a clear cut down trend for some time. We have managed to create a triple top here at the highs. We are having a tight stop loss sitting above with lots of liquidity. However, this is a trend continuation trade and we expect price to return to the bottom of the lows. This is an excellent 1/5 RR on a higher time frame with some small pullback...
Hello traders and investors! Let’s see how the SPX is doing today! First, in the 1h chart, it is doing as we expected in our last analysis (link below this post, as usual), as did a pullback to the 21 ema, and now it is just dancing around it, moving erratically. Now we must keep our eyes open, and watch closely the next key points. It seems the SPX is just...
The EUR/USD reached a fresh four-week high, around 1.0765 but, gave up some 30 pips to close the week below the key level at $1.08000 on the back of positive US data. So from a technical perspective, I intend to use the key level and bearish trendline as a guide going into the new week as a breakout or rejection of this confluence could be the signal that will...
The identification of a strong bearish impulse leg on the daily time frame which was followed by a retracement wave that appears to have culminated around 61.8-78.6% ( 1.68000 zone) is a signal that the risk of further decline in price is imminent. So, this video explains how I intend to take advantage of the bearish move if it happens. Risk Disclaimer: Margin...
The GBP/JPY pair witnessed selling pressure around 160 area in the last one week as profit-booking happens. From a technical perspective, I am of the opinion that there are two possible scenarios lining up for us going into the new week as a breakout/retest of either the resistance or support trendline identified on the 4H time frame could send the price in the...
It is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The...
The recovery of the Pound from its previous low at 1.87100 appears to be dissipating as buyers find it difficult to push the price above the key level identified at 1.96700. During the course of last week's trading, we witnessed multiple rejections of this key level to give an insight into the weakness of the buyers and going into the new week, I am looking...
we will see a strong support above the 8$ if we continue to go down, and above the 20$ is our current resistant and breakout zone to confirm the bullish momentum and reversal from the bearish trend , cause that will break our ascending line , that started forming since last year October .
SNDL has been, along with the Canadian cannabis sector, in a long downtrend since June 2021. If you exclude the 2 sharp jumps in prices, the pivot points have been making a Descending widening wedge. This reversal pattern, in addition to the company's recent acquisitions and diversification of assets, may lead to both a sharp jump in price in the short term and an...
If we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900 Risk Disclaimer: Margin trading in...
Since the price tested 0.64900 during yesterday's trading session, we witnessed a transition into what looks like a reversal structure as the price continued to find lower highs and lower lows which culminated in the breakdown of the key level at 0.64500. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks...
Looks like trend is changed. expecting some good move from here.
USDCHF Daily time frame order block. Setting limit buys at the beginning of the order block with stop losses set to bottom. Let me know your thoughts. Wonderful 1/6 RR.
The pound clings to upbeat UK job data which appears to be evolving into a second bullish move from a technical perspective. The sharp rejection of the bearish trendline that was broken in mid-April 2022 during the course of last week's trading session appears to maintain a strong bid tone for the Pound going into the new week as I look forward to a...
Hello traders and investors! Let’s see how the index is doing today! First, it is back to our “neutral zone”, but the reaction since the last bottom was quite strong, and we broke the 21 ema as well. Now, it seems it has only to break the resistance at the 3,979 area in order to fully reverse and enter bull territory. If it drops again, that’s expected, but if...