Eleazarahmath

Eleazarahmath Updated 

We're currently trading at oversold levels, indicating that a strong corrective move higher is expected.

Eleazarahmath Updated 

Price is currently testing a previous resistance right now I expect the bullish trend to continue, based on the possibility that the US might no longer cut rates.

Eleazarahmath Updated 

I expect the bullish trend to continue from this pair especially ahead of the NZD rates decision happening this week.

Eleazarahmath Updated 

I'm currently taking a sell on CADJPY as price approaches a strong resistance level around 108.6. Despite the recent bullish momentum, this level has previously acted as a barrier, and combined with a rising wedge pattern, it suggests potential exhaustion of the uptrend. If price fails to break and hold above this resistance, a bearish reversal could follow,...

Eleazarahmath

The price has continuously struggled to break the key resistance at 144.68, suggesting that unless this level is decisively breached, the bearish trend remains intact. Additionally, with a potential rate cut looming for the US dollar, further weakening is expected, adding downward pressure to this pair. All eyes are on whether the resistance holds or the bulls...

Eleazarahmath Updated 

Price is testing a previous resistance I'm expecting price is rebound from there and continue the bullish trend. This trade will be invalid based on surprising economic events.

Eleazarahmath

This position is subject to change based on economic data

Eleazarahmath Updated 

Right now both the Canadian dollar and the US dollar are weak , this is a short term trade.

Eleazarahmath Updated 

We see price is currently testing resistance level 1.6650 we look to take profits at 1.646 as the first TP , next one is 1.629, near 300 pips in total

Eleazarahmath Updated 

Let's see if price can break below and find support below.

Eleazarahmath Updated 

Although the bears are in control I believe a turnaround is possible based on the weakness of the Canadian dollar this trade could be affected by economic data.

Eleazarahmath Updated 

Fundamentally speaking the Canadian economy is very weak right now, I expect the bearish momentum to continue trade is expected to reach the target by next week, stay alert,

Eleazarahmath Updated 

I will add more details on this trade later as I update it trade is active now. Understand this trade is subject to change based on major economic news.

Eleazarahmath

This is a swing buy aiming for 200 pips ish Use proper lot sizes and risk management

Eleazarahmath Updated 

With the fear of a US recession coming I believe the US dollar will be significantly weaker compare to its peers in the upcoming weeks, stay alert for updates.

Eleazarahmath Updated 

Although fundamentally speaking the USD is stronger than the NZD which make it more logical to sell the pair than to buy. This buy is based on short term trade, and base on the support level price is approaching. If you are taking this trade you need room to let it breathe 30 to 50 pips stop loss.

Eleazarahmath Updated 

Price is currently attempting to break 1.285 if it does indeed, this sell is for sure going to happen. Although the buyers are in control right now, but not for long!! Swing trade Sellers let's conquer!!!

Eleazarahmath Updated 

Although the bulls are in control, the 4h chart shows a turn around is possible base on the fractals that were formed, I expect the bears to return and take over soon.