Price currently in demand zone, and Risk/Reward looks decent. Could potentially be a head and shoulders on the daily which would indicate a trend reversal but looking at the high I'm going to say price will bounce off of support and continue back to the supply zone!!!!!
Breaking point that I found is circled in red. Done with the 5Min chart but I cant post that time chart bc the resolution is too small for TradingView. What do you guys think? 12525 for a retest and the bounce back up or fall right through?
Hello friends and companions
As for the dollar index, I think it will continue to move up after a double-bottom weekly support level.
Also, in the weekly, 4-hour, and one-hour timeframes, there are suitable conditions for rising.
So with this hypothesis, I would like that you check the EUR/USD and USD/CAD charts.
A big zone is in play in USD/CAD. This is the same area that held the lows coming into 2021, eventually becoming resistance in April before USD/CAD really broke down. The month of June saw support build just above the 1.2000 level, after which prices began to trend higher and continued to do so into this week.
On Monday the breakout took on a life of its own,...
This pair is expected for many people at this time, we have seen a wave break the resistance and return to the trendline retest. With a risk control I find this a pair of coins worth observing, having faith in 100-300pips ahead
Good Luck Guys!
Hi everyone! USD/CAD pair moves in a downside channel, however many technical indicators indicate corrections the need. I expect the movement up at least to the next resistance at the level of 1.25184.
Bought on 1.24041
TP = 1.25184
SL = 1.23600
Information provided is only educational and should not be used to take action in the market.
This section is intended...
I believe that we have finally reached the end of this long uptrend, and ending this accumulation phase with the explosion of the Head and Shoulder Pattern, reaching 1.29037 if we count the breakout from the current point, or a little lower if the Throwback occurs.
In any case, the hypothetical final achievement (if fundamental analysis does not bring about...
Looking at this chart it seems the price wants to bounce in between the support and resistance levels of the lower timeframe, the upcoming support line in combination with the RSI indicator almost crossing the oversold line (it likely will have passed it once at the entry level) a long position can be taken at the lower level support line. In order to give the...
storng patterns bring strong moves,
Head And Shoulder bottom or fake one !?
The divergente RSI and the PRice movement, says enough,
here i share with to enjoy it together,
let me hear your opinion,