USDCAD -61.8% EXTENSION FULFILLED REACHING THE WEEKLY LOW FALLING WEDGE ON THE 1 HOUR AND 2 HOUR CHART INDICATES A BULLISH REVERSAL COMING SOON SEVERE 1 HOUR AND 2 HOUR MACD DIVERGENCE ENTRY NOW OR UPON A BREAK OF THE TL OF THE WEDGE TO GO LONG ALL THE WAY TO 1.31500 MASSIVE RISK/REWARD HERE WORTH THE RISK AGAINST THE TREND
THIS WILL BE A BUY ONCE IT REACHES 73.098 OR THERE ABOUTS. VERY STRONG ZONE
haha got to love weekends and openings. Another reason why i teach people to not leave trades open over the weekends when they are technical and looking at timefreams lower than the 1D
Looking at the weekly timeframe, we see that EURUSD has been rejecting the level of 1.13500-1.4ish, and the Fib of 23.6%. We need a break and close above key monthly resistance+ trend line break at 1.15 which will lead us to 1.18500 + the 38.2% Fib. Also it looks like a higher high is about to be achieved for the EUR along with higher lows on the DAILY timeframe....
There is a wave 5 in the works. As illustrated in the graph the price failed to break the UML of a green schiff pitchfork and momentarily bounced off it. Might breach 0.036.
Confluences 1. KEY Weekly Resistance/Support at 1.4210 holding well. 2. Doji Formation on yesterdays candlesticK 3.Follwing Recent Price Action this is a classic pullback trade 4.KEY DESCENDING TREND LINE HOLDS 5. FIBO 23.6% retracement also acts as resistance here...
DESPITE LOOKING PROMISING, I AM WATCHING OUT FOR THIS RED WEEKLY DOWN-TREND LINE AT 16260
NZDCAD - Selling Set Up - CAD Strong at this time !
AUDUSD a nice Rally , but we have to be carefully at this zone
Continuation of the past Impulse !!!
If it breaks this Lows it will be a big Selling Trade!!
We are in a delicate area for this pair, from here you can start a big raise - related to the NZDUSD in which we expect further falls
EURJPY Take care with sell this pair now