With two back to back successful Cypher Pattern opportunities, and four failed attemps to break above major resistance, downside is in play. Shark pattern completion imminent?
Buy after the breakout of price level indicated by yellow line. close the trade around ~30 pips. TP and enjoy ! keep it simple :)
Hi guys, as you can see in this chart price has already broken and closed above the last structure level looking left. What does it tell us? It tells that the trend is confirmed bullish and therefore we're going to look for trading opportunities only in that side. As always, we don't want to chase price action, instead we wait for it to come in our comfortable...
So far price from last week has seen a bearish price break to the lows of 1.33400 from around that area price has come back up off some support. The forecast for this week is price to come up to that daily resistance of 1.34364 and and we want to typically see a break of the trend line (4HR) to the downside. Just will be patient to see how it develops.
Deficit of oil inventory in U.S data brought the pair down to support. Support has been holding, and a bullish candle is visible on the 4hr chart, creating a potential long entry.
Hi guys, this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher. That's why you see those targets, this is actually an advanced pattern entry for a trend continuation...
Hi guys, this is a very short term trade on USDCAD. You can see i'm using 15min timeframe, but as usual my analysis starts from higher timeframe. On the 4hr price has recently broken a period of consolidation to the upside, so i'm expecting it to continue higher. That's why you see those targets, this is actually an advanced pattern entry for a trend continuation...
The Canadian dollar and crude oil is the inverse relationship, if crude oil continued to decline, the Canadian dollar will continue to weaken. So under the premise of falling crude oil prices, we can not make a choice to buy Canadian dollars. I prefer a price correction to re sell the Canadian dollar.
Bat pattern on fleek!!! This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this setup :) Buying/Selling or even only watching is always your own responsibility ... Best regards #brocorporation
Choose Buy limit @1.307-1.308 SL-1.30 TP1-1.318 TP2-1.33 I hold a point:Good charts does not more words to explain! Good luck!
a break below here will unfold the move towards 1.2820 and 1.28, 1.25 is the extension there which will be unlocked once we see a break below the neckline. The 1.34 handle is there to be respected, RSI also looks to break below here to further activate the waterfall. Gl and please remember to give this idea a thumbs up!