The $USDCAD or The "Loonie" as it's called has been just that for me this year... Loonie. Due to the vast differences in overall trend direction based on what timeframe you're looking at, I've had a very difficult time getting a read on this pair & making any type of longer-term projection,
With that being said I do have a shorter-term projection on my radar &...
I haven't had a lot of interest in the $EURUSD higher timeframes this year mainly because we've been dealing with an extended period of consolidation. In fact, all 3 of my trading opportunities have been pattern trades or short-term day trades on the hourly timeframe and lower.
Until we break out of our range & I get a clear idea of which way i believe the...
On the EUR/USD 4HR time frame we have a lower low lower close, since then price action rallied into resistance which was once support providing us with a double top, first test RSI was extremely overbought as I have my settings at 80/20, conventional is at 70/30. On the second test, we have bearish divergence.
We can get involved in two ways:
one more example on how we can apply a combination of multiple timeframes for market analysis and trading.
on a daily timeframe we see that the market is very close to a decent level of structure,
and continues bearish movement in a small parallel channel.
on a 4h chart...
welcome to another signal!
Target 1: 1.71
Target 2: 1.715
Targt 3: 1.725 - 1.7276
Peace and good trades
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WE have a beautiful stall around the 150.00 - 147.00 area and that to me means
Price is making a decision as to where She wants to head to next, Adding up all confluences
to including Harmonic Pattern, Supply and Demand, Market Structure and a Form of Harmonic Elliot Wave
With an ascending triangle Violated, I strongly suggest to wait till Sunday Monday...