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 &...
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:
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...
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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AUDUSD POTENTIAL BUY
OK so I know it has been a little longer since I have posted on here but this is going to be my first post since coming back. My thing is I understand that there is opportunity happening every week and heck even every day sometimes. But since I have people seeing my work I want to only be posting QUALITY content not QUANTITY content for...
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...
bearish movements have been clear on this pair
We have had a strong pull back but can see this area as proven a strong turning point.
2 targets first is the most recent lows, if this target is hit then stops will be moved on second trade to breakeven
This is a follow up on a trading idea that we looked at this past Thursday as "Super Thursday" pushed the GBP up to a level of previous structure resistance before reversing.
IF price action were to put in a retest of structure and once again be rejected...
THEN it would open up the door for traders to take advantage of a double top formation.
With this being...