Since May 5th, on USD/CAD 0.17% has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend . From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at...
Since May 5th, on USD/CAD has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend. From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at least for...
German DAX is at a new high after very aggressive buying pressure since market open. However, market is currently seen in fifth wave trading at some Fibonacci resistance area that can cause a temporary top, or even turn lower into a new correction. Disclosure: We do not own any assets or share of the instrument mentioned in our outlook Please be informed that...
Market gap needs to be filled nice rejection of the 618 fib level on last candle close. awaiting for a 4hour bearish candle pattern to close at 2 for confirmation and entry. then the small trend line break for 2nd entry. Lets get these pips!!
The Title says it all, the super doji indicating it.
Following latest reports from French Presidential Elections Current situation with North Korea Brexit, Possible Frexit... Both DAX and CAC are at highs and looking for reversal for longterm downtrend
We can see that the price touched a historical low. A reversal can happen on these setups.
Market turn to the bearish direction today. Searching low risk conservative shorting opportunity on the 3M limits.
Too late for for three musketeers short trade setup, but keep an eye for white candles under that level and yellow above it
Long signal detected by 3 musketeers. It's time to start searching for long setups.
So I am working on a second version of IRRI which would have fewer false positives. IRRI aims to indicate upcoming UP-to-DOWN reversals and not give false sense of complacency when RSI seems sufficiently down-corrected after a short selloff. It would seem that the current MSFT chart is a good use-case for this. I'd appreciate your feedback using the indicator.
Buy FX:USDCAD into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :) Buy 1.3170 Stop 1.3140 Target1 1.3430 Target2 1.3670 Target3 1.3830
After bouncing of a 2 month resistance level, The eurjpy goes short before marching off in a continued up trend. Has the eurjpy finally reversed from last years down trend?
Note: AUD/JPY is reaching the strong resistance zone at 86.2x level. There are 3 potential trading plans for this pair: 1. We expect the price will approach the resistance zone at 86.2x level. If there are 1 strong bearish or 2-3 bearish signals, we will choose to short. 2. There is possibility that the price break the resistance zone and reaching the...
Hello traders we are near the completion point D of deep crab reversal pattern , Please wait for good entry setup which matches your strategy and make some profit Our first target will be the 38.2 Retracement Our second target will be the 61.8 Retracement
Reversal pattern. Support level at week timeframe.The support line must be at this area 8 - 7.50 $. if price breaks that line ther is Fibbo 1.272 at 6.16 $. Good luck for all.
Buy - hold - wait- profit. long term spot position. target 4-5X Buy spot to have a stress free trade, for Fundamentals & more in depth analysis check the charted posted 2 weeks ago at the very bottom very bullish reversal signals were evident.
It has been a pretty deep six month correction in OANDA:XAUUSD . The only valid interpretation of this corrective move in accordance with Elliott theory appears to be a double zigzag W-X-Y . This double zigzag subdivides into two actionary zigzag waves A-B-C intervened by simple reactionary X , which is a corrective wave itself. According to an introduced...