Hello everyone, New week ahead. Looking forward to it! Last week we had red folder news. BTC is pumping, gold is following. I did my TA last night for my point of interset. If you look back at the charts, you can see why I am not putting limits. If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq...
Hey Guys based on the current reversal and my technical analysis I am giving this buy set up a chance 1% risk
Sell signal for (USD/CAD) entry point(1.35175) TP(1.32023) SL(1.3550)
We just broke out of a corrective structure, then I'm anticipating to catch the next wave to the upside
There was an uptrend that was occurring but the sellers gained momentum and eventually broke the support of the uptrend. The buyers the forced a retest. Now we wait to see if the retest will be respected.
We are at the peak of a consolidation phase and we don't believe there is enough upside momentum to break the resistance
USDCAD have slight chances of bearish momentum after the trendline crossover. after the retest at a resistance area we could have a nice bearish momentum trend moving downwards.
The USDCAD pair gave us a strong buy signal last time we traded it (February 09, see chart below) but was rejected right under the 0.618 Fibonacci retracement level: A similar rejection happened on December 07 2022 and April 25 2023 which resulted into a sell-off to the lower Support Zone. Even though the medium-term pattern is a (dashed) Channel Up, the...
This corrective structure looks very nice for buy, I hope it will break above the structure for confirmation.
In the USD/CAD, there is some potential for a small sell; the price is now fluctuating between the resistance and support zones, and the resistance is rejecting our points of view.
This is What I really need to share Idea! confirmation in confirmation at High timeframes you can see break and pullback and in 1H timeframe. again this happened. so with little risk I sell it for targets!
Considering that the price has crossed the green support zone, it will be possible to continue the corrective process up to the specified support zones. Then there will be a possibility of a trend change and an upward trend will be likely
USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 1.34958 fibo zone 23.6% Stop loss: 1.35520 Take profit: 1.33889 at fibo 50% #2 Sale: 1.35211 Stop loss: 1.35521 Take profit: 1.33429 at fibo 61.8% #3 Follow the price movement closely. You can close half...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hello traders, Wave C of 4 is supposed to end at 1.36061-1.36292 zone. Then wave 5 is aimed at getting to 1.30700 zone. Thanks.
The final part of a triangle, one degree higher, is a triangle itself, and it seems that the E-wave of one degree higher E has also ended. If this is an active scenario on this currency pair, the targets 1.32 to 1.20 is Available ,and these are the minimum target for a long fall ! The penetration of the price above 1.36 means that theE-wave is not terminated,...
Weekly: + MS + LCC + FIB - Zone 3/4 SHORT Extra: - Impulse and correction is very clear on the weekly. - Every time price went impulsive bullish, now we are corrective with the trend Daily: - Bearish MS - We can also see a switch of momentum - H&S + DT + BW - Ascending channel Extra: - For the first time that the impulse is to the downside and previous...
USDCAD, price broke through the daily trendline, pulled back to daily demand and tested the daily trendline. Price hasn't touched the 61.8% on the daily yet. I see 1 more move higher to daily supply and complete the top of the wedge pattern before price continuing lower in weeks to come.