This is my swing trade setup Confluences: We have Daily support reject Reject daily ema Reject daily candle and all (4h, D, W) in sync
This is a long trade idea I have, based on the abundance of buyside liquidity in the form of relative equal highs that extend beyond the left of the chart, as well as the trendline resistance building up below it. Whilst it is possible for price to make new lows, my focus is on HOW and WHEN price reacts when it gets to this POI. Although the DXY seems...
The price is currently at a key support level and could bounce from this point to reach our take profit target Entry: 1.35559 Why we like it: There is an overlap support Stop loss: 1.35158 Why we like it: There is a pullback support Take profit: 1.36139 Why we like it: There is a swing high resistance Please be advised that the information presented on...
1. **Higher High**: In technical analysis, when a price exceeds the previous high, it's termed as a "higher high." This suggests increasing bullish momentum. 2. **Fib .61**: This usually refers to the Fibonacci retracement level of 61.8%. Fibonacci retracement levels are horizontal lines that indicate areas of support or resistance based on key Fibonacci ratios....
There is an engulfing candle I think the price will rise What is your opinion?
we have a great zone where price could go. I have this great imbalance on this set up which is a time based trade.
My dear followers, I analysed this chart on USDCAD and concluded the following: The market is trading on 1.3535 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.3572 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price...
By examining the trend in the four-hour time frame, the USD/CAD is involved in the resistance of 1.3584, and provided that it is maintained, it is possible to reduce the price to the very important support of the bottom of the ascending channel in the range of 1.3503, and then, provided that the said support remains high, The rate can increase up to the channel...
FX:USDCAD Bullish engulfing in daily timeframe,targeting 1.36144. Clear visible liquidity pool ahead.
Usdcad has been in the daily range, and now starling to drop, 98% that price will drop
USDCAD / 1D Greetings, fellow traders. Welcome back to another insightful market breakdown. The USDCAD pair has encountered a setback in its attempt to breach previous lows, followed by a return within the established range. Anticipating further upward momentum, I foresee potential growth in price after a thorough examination of the last Support/Resistance (S/R)...
USD/CAD is likely to extend its current sideways price action, fluctuating between the 1st resistance and the 1st support. Support: 1.35231 Resistance: 1.36135 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
Friday data provided a huge support for the CAD, the bearish trend will keep going. We look to Sell at 1.3552- 1.3561zone Stop loss 1.3575 Take profit: 1.35 Take profit 2: 1.3478 Last trade we took was a huge 50 pips profit.
For UC I'm mainly looking for longs. Waiting for a pull back into those two demand zones . I will be on the 15 min timeframe if price reaches that area, I will look for potential longs . Weekly : Bullish Daily : Bullish 4Hour : Bullish 4 hour : 15 min :
Price is rising towards a pullback resistance level and could reverse from this level to our take profit Entry: 1.35842 Why we like it: There is a pullback resistance Stop loss: 1.36139 Why we like it: There is a swing high resistance Take profit: 1.35558 Why we like it: There is an overlap support that aligns with the 50% Fibonacci retracement Please be...
Market Structure Bearish on Higher Time Frames Weekly and Daily At same AOI Strong Seller's Rejection on the Weekly Weekly Rejection at AOI Previous Weekly Structure Point Daily Structure Point Daily Rejection at AOI Around Psychological Level 1.35500 H4 EMA Rejection 100% +2 REMEMBER: Trading is a Game Of Probability : Manage Your Risk ...