1 Has the 12/36 EMA crossed up yet? yes 2- Do we have a support line at the current price (EMA 36 -200) ? yes 3. Has the price broken above ema200 yet? yes 4. Has the price broken out creating a 1-2-3 pattern? yes 5. Does the price action show the advantage of the Buyer? yes R:R Score 85/100 Comment : the price is moving nearly supply zone
supply zone for short 1.3525-65, stop loss: 1.3585, target 1.3330 & 1.3290.
If you read my previous post you'll see why I am expecting a bearish UCad. However, on this chart, I am looking for UCad to decline in the yellow area. Especially since it's an NFP week.
If price takes out that EQH liquidity, re-entry for short will be my idea
Long then short. Likely will test 1,357 - daily ma50 and the trend line h4. H1 structure at the moment is the wxy in the process. trade safe
4H bearish market structure as it can be seen in the chart, price just below an important structural point where price bounces up and down several times and shows that the area is important for traders. there are 2 areas that price can tap into and reject from, one of them is a local top in recent price bullish corrective move, price can take out liquidity from...
Here is my daily idea for usdcad tell me your opionion
Chart Says it all. Observing the price in these 2 US session. Trade upon conditions Met. Do Comment on the idea
USDCAD is really a worldwide political-news related pair! OIL is not so predictable these days. there are unpredictable conflicts around the world. But the pair is going to move in a clear channel after following undecidable hours! REMEMBER! This analysis is valid until any BIG news related to oil market. I think the bearish setup is more probable here but...
Exited Main down trend pitchfork , Change direction with Inverted head & shoulder pattern, Trade amount you can afford.
USDCAD: Potential downward movement. USDCAD touch resistance area on 4h chart. And finaly break support area on 15 minute timeframe i am looking for retest. if retest with candlestick pattern i will enter for sell
after making a cup shape price is not going to break certain level and after that bulls are showing weakness and it seems like bears are going to take control, if bears break 1st support level which is not a strong zone then price will continue to downward movement and IMO it will cross the bottom of cup shape. i can be wrong, constructive criticism must be appreciated.
FX:USDCAD I'll look for a retest on the main level 1.35000 and then just trade with the trend i to the upside. My take profit is there because of the fib which you can see better in the 4h view.
4hr coming to a nice unmitigated resistance daily is also creating a lower high to make a lower low wait for candlestick confirmation
This is a counter trade and it's risky. The overall trend is bullish, but I believe it's a pullback that hasn't finished yet, therefore it needs to go down before it can go up to make new highs. Don't do this at home
Today's actions: NZDCAD : A strong buy, which also happened today. Trend is buy. Alarm set. EURNZD : the sell has gone out again. Despite the fact that all signals are on short. We'll leave this pair alone for now. GBPNZD : all signals are short. yet this pair does not convince a sell action. Let's let this one go for a moment. AUDNZD : a new sell is given as...
This was a great trade on the FVG. i saw a rejection and rejection on M30