AndreaPastor

AndreaPastor

There is a good potential trade entry to take with a good risk-reward ratio. Starting with the Weekly chart: -The market is currently bearish and trading below the moving average Moving to the Daily chart: -Where the market has broken the recent consolidating zone and trading below the moving average Going to the 4hour chart: -Where the market is making...

AndreaPastor

Daily Timeframe: Looking at the chart, the market is making lower highs and lower lows which signifies a downtrend. The market is situated at a critical area, below the daily exponential moving average, at previous structure and making the third touch of the descending trendline. 4Hour Timeframe: The market is situated at previous structure which has been...

AndreaPastor

Daily Timeframe: Looking at the chart, you can see that the market is in a downtrend, below the exponential moving average and making lower highs and lower lows. Therefore, we should only look for short positions on the lower timeframes. 4Hour Timeframe: The market has retraced back to the descending trendline for a third touch which might reject and shoot lower....

AndreaPastor

USDCAD Daily Timeframe: Looking at the chart you can see that the market is in a downtrend, making lower highs and therefore we should only look for short positions on the lower timeframes. 4Hour Timeframe: The market has retest the descending trendline and has reached a critical zone where it has previously reversed. As you can see on the chart, the market has...

AndreaPastor

-The market has reached a crucial resistance level which has previously been rejected and push the market lower. -Currently the market has reached this zone and has nicely rejected for a second time by printing long upper wicks, which shows that be bears are getting stronger against the bulls -Scaling down to the 1hr timeframe, the market is below the 50...

AndreaPastor

If you start with the daily timeFrame you will see that the market has hit a resistance zone and it has formed a doji candlestick at that level. The formation of the doji shows that the market is indecisive and that the market is potentially ready to reverse. On the 4hr timeFrame the market has hit the zone twice while having a lower divergence showing that the...

AndreaPastor

Looking at how the market has behaved recently on where the market is at currently, i would advise to go short. It has reached for the second time an important daily resistance level while making a lower high The market has closed on Friday with a long upper wick which tells that the bulls are losing momentum against the bears and forming a bearish engulfing...

AndreaPastor

The market has hit twice an important resistance level with the second touch having a lower momentum compared to the previous one. The doji candlestick indicates that the bulls are losing momentum and that the bears are ready to take over and push the market lower. Enter the market with a minimum of a Risk-Reward of 2. I will suggest to place your profit at...