In today's video we take a look at a bearish continuation setup on the $USDCAD. in it i share with you the reasoning behind my prediction & what I'll be looking for in order to have a trading opportunity on it.
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Analysis on #USDCAD
Here we have the market trying to hold on above 1.2600 level, also trendline support
as you can see the market formed a double bottom at the trendline support level and if the...
Pitchforks create a type of trend channel.
The trend is considered active as long as the price stays within the channel.
Reversals occur when price breaks out of the channel.
There is a center median line ( trend line ), as well as sets of lines above and below that median line.
The additional lines are set a specified number of standard deviations away from the...
The market is, on this Timeframe, in a Downtrend.
In our view, there are two possible scenarios of how the market could move:
It reaches the Weekly Resistance, then it turns back down --> Down
It reaches the Weekly Resistance, retraces and shoots further up --> Up
However, we have these technical factors which could affect the price:
As we can see on the chart, price consolidated above major support zone taken from the monthly chart.
If we zoom in to the weekly time frame, we can see a false break from the recent lows and rejection from the bottom of the channel.
If we zoom in to the daily time frame, we can see a "V shape" and a small retracement above the previous weekly lows, suggesting...
A Bearish Bat setup within sell zone within both the M15 chart and 1-hourly chart.
As this is a trend trading setup, it gives the minimum stop-loss and maximum return.
This might just be the best trading setup up for the month.
Analysis on #GBPUSD
the market last week respected its previous low exactly near 1.3600 as I explain in my previous analysis, and as you can see the market moved with force to the upside, it is still early to see if the market will continue to the side but there are signs to show the market will move to the upside.
if the market breaks its previous high of...
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Analysis on #EURAUD
fantastic trending market as you can see on the chart, now testing the trendline support.
watching the market for rotation pattern before getting in a buy trade.
Thank you so much for your support.
Check today analysis below⠀
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GBP/CHF Analysis - We expect price to head upward now that the daily correction is almost complete.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
Hello All, hope you are doing well.
Welcome to "Aglogains - Daily Trade series". Today we are taking a simple trend continuation trade to the upside.
We have seen a pull back to the 3630 - 3615 range and our entry signal was a double bottom followed by a bullish engulfing on the 5 MIN time frame.
Entry - 3630
SL - 3606
TP - 3676
I'll keep you posted on the...
Hello All, hope you are all doing well. Happy Monday!
Welcome to today's "Aglogains - Daily Trade Series"
ETH USDT has pulled back to a major level of support on the 1HR time frame and once in this region we are looking at the lower timeframes, for an entry signal towards the buy side expecting a trend continuation to the upside.
Important support zone: 3222 -...
The Aussie suffered the most on Tuesday after the Reserve Bank of Australia announced its decision to maintain its tapering plans, reducing its bond-buying purchases from A$5 billion to A$4 billion per week. Reaction after this decision is evident on the market as the price rejected $0.748000 to drop 1.81% during the course of last week trading session. In this...
---> Inside bar / hammer candle last Friday
---> Riding above 5-12 EMA cloud indicating strength of uptrend
---> Football season started
Breakout above: $61.77 - $62.3
PT 1: $69
PT 2: $72
PT 3: All time highs