Price is hovering at significant weekly resistance area, might see a drop soon. look for confirmation in the sell zone.
The concept of "higher high, higher low" is often discussed in technical analysis, particularly in the context of chart patterns and trend analysis within financial markets. Here's a summary: 1. **Higher High**: A higher high refers to a peak in the price of an asset that is higher than the previous peak. It indicates upward momentum and suggests that buyers are...
Trade idea for a friend bos This video i wil show him how to entry with a bos
Bearish momentum Trade in trending market, short the trade untill SNR Levels. accordingly TPs and SL is selected.
A bullish higher high and lower low pattern indicates a potential reversal in the market trend. It occurs when the peak price surpasses the previous high, while the subsequent low remains above the prior low. This suggests ongoing bullish sentiment despite short-term corrections, signaling an opportunity for traders to consider long positions. Confirmation signals...
UC broke down with FOMC and the rate cut narrative coming with 3 rate cuts being left on the table for 2024 so thats bringing in USD/DXY weakness. Was able to catch this sell higher but now watch for the pull back or retest for the next bearish wave!
CADUSD pair making lower low and therefore it's returning to the point of interest.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
4h IFC (Institutional Funding Candle) made a new high & closed on the low. may short cmp with low risk. set sell limit order as well 1.3600. stop loss: 1.3620-25, target: 1.3480
if the previous BOS on 4hr timeframe holds while the daily and weekly timeframe maintain their BOS as well, we can see price rally to the point Highlighted as it the next swing for weekly liquidity.
Am trying to get into short positions but there is this ews today FOMC, listen this pair have tendency of creating fake scenarios as you see is showing a bearish flags that can give a good sell, soo in order to find a proper positions you need to wait for breakeout n retest either down or up but I can take a small risk from the trendline support upper one to lower...
Price is forming an expanding structure into a HTF Liq.P. Considering DXY is approaching a resistance area, indicating USD might be ready for an exhaustion. If price breaks above the Liq.P , finishes the expanding and closes back in; I will wait for the 1st continuation flag on the LTF for an entry short. *********** Glossary: VA – Value Area Liq.P –...
Hello guys, although USDCAD is bullish in long term but now it is the time to short EURUSD at the given points in chart for a retest and boom. It is highly likely that it may fall from the given price to our targets. Please apply proper risk management and go for a short. Best of luck. Suggestions are welcomed. Thanks for support.
CANADIAN CPI, OANDA:USDCAD ANALYSIS - Canadian inflation slows more than expected in February – raising USD/CAD - Markets bring a potential BoC cut closer while delaying the onset of Fed cuts - USD/CAD’s bullish response tapered off but pair heads for channel resistance CANADIAN INFLATION SLOWS MORE THAN EXPECTED IN FEBRUARY – RAISING USD/CAD Canadian...
Hey traders, in today's trading session we are monitoring USDCAD for a buying opportunity around 1.35600 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.35600 support and resistance area. Trade safe, Joe.
According to the behavior of the price in the green range, the beginning of the upward trend is the most likely scenario. With the consolidation above the current resistance range, the continuation of the upward trend is likely