Hey Boys and Girls, EURCAD is setting up nicely here. Weekly: We have a nice upward trend happening, that's bouncing off previous structure resistance turned support Daily: We are bouncing off the monthly support, we also have a pretty wide gap on the EMA's, which indicates a clear push to the upside is inevitable. 4HR: This is the sauce, price has...
4HR is presenting a nice double top formation, moving through to the 1hr we can see a triple test of resistance on the second leg of the double top. moving further to the 15min we are testing resistance for the third time on the second leg, all pointing to bearish confirmation. We have 2 trades to consider here first is top-down, second is a bigger play on the...
Daily confirmation of a trend reversal, 3 legged push to the upside. Resistance turned to support tested then broke through and has retested on the 4hr. Scaling down to the 1hr we have had 3 tests of resistance, nice entry confirmation.
Nice double top on the 4hr with price breaking and testing the 150EMA currently. 1hr is showing a triple test on the minor trend line within the channel. We are sitting on our hands waiting for price to break 1.26000, with a potential move all the down to 1.24802. Diamond hands 🙌
4HR chart has presented a double top, moving through to the 1hr we have a triple test of the double top with price currently testing the 150EMA, also there the RSI is showing divergence. We could potentially see a move all the way down to 1.06500 over the next week if this analysis plays out.
4hr chart is showing a rejection of the 150EMA, we also have a triple top on the hourly with a lower high, lower low that's holding a bearish trendline within the channel. Scaling down to the 15min for the entry, looking for a breakout, then retest to confirm a short entry.
3% SHORT NZDJPY ENTRY: 72.741 STOPLOSS: 73.004 TP: 72.476
3% SHORT EURNZD ENTRY: 1.70250 STOPLOSS: 1.70505 TP: 1.70020
SHORT EURJPY ENTRY: 123.693 STOPLOSS: 123.896 TP: 123.507
3% LONG * GBPNZD ENTRY: 1.91437 STOPLOSS: 1.90870 TP: 1.91882
3% SHORT NZDJPY ENTRY: 72.741 STOPLOSS: 73.004 TP: 72.476
SHORT CHFJPY ENTRY: 114.472 STOPLOSS: 114.655 TP: 114.297
LONG OANDA:GBPCAD ENTRY: 1.74356 STOPLOSS: 1.73984 TP: 1.74721
SHORT OANDA:AUDCAD ENTRY: 0.95568 STOPLOSS: 0.95750 TP: 0.953380
LONG EURAUD ENTRY: 1.62429 STOPLOSS: 1.62103 TP: 1.62727
SHORT AUDCHF ENTRY: 0.66529 STOPLOSS: 0.66682 TP: O.66377
SHORT GBPUSD ENTRY: 1.32535 STOPLOSS: 1.32829 TP: 1.32239
SHORT OANDA:GBPUSD ENTRY: 1.32471 STOPLOSS: 1.32745 TP: 1.32197