W1: We are in an impulsive move after the retracement of an uptrend D1: We have an inverted H&S at a psychological level (112.00) which is also a strong Sup/Rez zone H4: We can clearly see a couple of Shooting stars/Hanging man candlesticks which mean that price is retesting the zone but never closing above it So my view is that price will go down till Fib...
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With trendline and resistance line , area we can notice that the USDCAD pair is going SHORT so soon And with the help of stochastic also!
Following on from this day's daily candle closure, we are able to be given an impression that the long lower wick below the body demonstrates a rejection of the linear level as well as a further indication for the market to be pushed higher. We are also able to identify the similar rejection when looking at the 4HR time frame. In addition, from the recent candle...
Overall I think we're still in for some selling pressure down to the 80.50 - 81.00 region. We're seeing some really clean price action after a break of the 83.00 handle, with price making lower highs and lower lows. The EMA Waves throughout the higher and lower timeframes are aligned. If this does play out it'd form a 3 drives pattern, which I have seen...
Possible buy idea based on zone analysis
This is my daily timeframe analysis, for context this is my LTF (Low Time Frame). I will be working with 3 time frames for my analysis, a LTF (Low Time Frame), an ITF (Intermediate Time Frame), and a HTF (High Time Frame). As stated earlier my LTF is Daily candles, my ITF is Weekly candles, and HTF Monthly candles. The HTF will be used to identify where we are in...
I've just spotted a bearish candle pattern on this pair and have decided to go short. Trade safe and good luck!
USDCAD formed a nice inverted head & shoulder on the D1/4H/1H charts. Most of this year the pair's consolidated between zones. This recent move started near the top of the zone 1.31307 and the impulse ended near the top of the high zone 1.34669, breaking the consolidation. Looking for price to complete a pullback and will look for a long entry. A 50%...
3 days ago, I posted this great long term short opportunity and I have added short positions since. This trade may take a while to play out but tons of pips on offer and I have 4 TP (Take Profit) zones I am looking at. Trade safe and good luck!
I went long on this pair yesterday and have now moved my SL to EP. I'm aiming for TP2, however if I see a struggle at the trendline I will close at TP1. Trade safe and good luck!
I will wait for confirmation to short this pair in my sell zone. If this does go to plan, I may hold for longer as a potential triple top could be formed. However, having said all of this I will be cautious as NFP is around the corner.
This is a great short opportunity and I will be waiting for confirmation to get in. Tons of pips on offer :) Trade safe and good luck!
I've been long on this pair since last Tuesday (check my previous post on Feb 6) and have been adding long positions since. I've taken profit on half these positions but have now added another long position as I believe this is a perfect pullback. As you can see it is near a demand zone and also sitting on top of the 4 hour trend line. Trade safe and good luck!
This is my EURUSD mark up. I'll follow these zones 'til Feb. 15th, 2019. Color coded so there's no confusion since I use multiple time frames. I could go in depth with how I view my charts, but we're all different when it comes to trading. However, I love feedback as long as it's not negative.
Fresh DZ (124.988-124.858) formed on the 1H. Looks as if price is heading in the direction of the zone that was spotted earlier. If so, I would look to go long if zone is "respected". However, if a breakthrough occur I would look for a reaction in price around the 124.720-124.707 region.