usdcad is correcting and moving towards liquidity above the previous high. You can enter the buy transaction after reaching the daily order block because the trend is strongly upward.
I thought it would bounce off the support on this head and shoulders but did break now I think it will retest and go bearish
rising wedge so we expected to go short right now to the target
Pair Name : USD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal...
Elliott Wave practitioners might observe a compelling setup on USDCAD for a potential SHORT. The currency pair seems to have completed an upward corrective wave (b), reaching towards the 0.618 Fibonacci retracement level, and is now potentially embarking on a bearish wave (c) journey. This turn aligns with the currency pair's reaction to a confluence of...
Elliott Wave analysis on GBPJPY points to a SHORT opportunity as the pair completes what appears to be a corrective wave (b) and may be embarking on a bearish wave (c). This is reinforced by the recent failure to maintain upward momentum beyond the 0.774 Fibonacci retracement level of the previous decline. If the bearish wave (c) unfolds as anticipated, we could...
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
GBPUSD is expected to retest around 1.25245 and then bounce back for great sell. Traders will be much interested in that Price Level. Price is expected to fall around 1.1798.
Potential Short entry at the break of the current Low, and sl above the previous major high with 12 Pips, I would be going Breakeven and taking partials at 1-1 (12-Pips), Final target would be 24 Pips
Considering the weakness of the trend and building a structure and penetration to the previous ceiling, we can wait for the purchase for today
On the daily timeframe, the price grabbed liquidity above the equal highs at 0.64555. I expect sell signals at the resistance zone, such as a long-tailed bar or an engulfing candle. My target is a 0.64000 support level.
The move to the upside was made, now the move towards the downside will be a movie...
In this video, I'll deliver a thorough analysis of the DXY and GBPUSD, providing insights into what to expect throughout this week's trading. We'll delve into the seasonal changes dictated by the quarters of the year, particularly significant as we transition into a new quarter. It's crucial to adjust your trading approach and expectations accordingly. Currently,...
The NZD/USD pair appears bearish today, April 23, 2024, due to a combination of technical indicators suggesting a downward trend. Here are some key points from the technical analysis: • Moving Averages: A majority of moving averages are signaling sell, indicating a bearish trend • Technical Indicators: The overall summary from technical indicators is neutral,...
Technical Analysis: On the daily chart, AUD/USD fell below the 0.64 handle but bounced back to retest previous lows, which align with the 38.2% Fibonacci retracement level. This area is expected to attract sellers, potentially driving the price down to the 0.6272 levelh • Economic Indicators: The US economic indicators have been strong, with the CPI beating...
Bearish Below 0.97390 TP - 0.96690 - 0.96280 - 0.95570
I wanna buy GN this time. After few short intraday, chart is giving me some buy signal. I buy a little , lets see what happens.
By examining the trend in the daily time frame, USDJPY has a very important support in the range of 153.58 and it seems that if it is maintained, it has targeted the resistance range of the ceiling of the ascending channel in the range of 157.96-157.12.