Good afternoon guys and girl, hope your all well.
Just a little update on USDCAD , I am still looking for a possible long trade on this pair, if I can get all my rules satisfied
Looking on the weekly Chart
You can see we have had a M formation pattern form, as you know from an M formation we expect the price to come...
Welcome to another free analysis of NZD/USD - as always we are working on a multi-timeframe analysis working our way down from the monthly, weekly and daily to get an overall look at the current price action
As you can see from a monthly view, price has came back up to test a strong support level, we can...
As we can see from our mulit timeframe analysis on CAD/JPY we can see a protentail long on this pair
As always traders we always work down from the Monthly - Weekly - Daily were possible
As you can see from a weekly view price has broken some key resistance now turned support and we...
PAIR = AUDCAD
PREDICTED DIRECTION = SHORT
REASON FOR SHORT = PRICE HAS COME UP TO REST A STRONG SUPPORT AND THE 0.5 FIB (STATIC SUPPORT) AND IS ALSO TESTING THE 200EMA (DYNAMIC SUPPORT)
RISK TO REWARD = AT LEAST A 1/1 AND MAYBE POSSIBLE A 1/3
LET ME KNOW YOUR THOUGHTS
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Price formed a weekly double bottom which is a good sign for a long opportunity, Delving down the time frames we can see an inverse head and shoulders pattern has formed no the H4 Chart along with a Strong Trendline
Current price is at a strong support zone which is also our inverse Head and shoulders neckline, if we can see price break the H4 50 EMA level I...
If we look at the weekly chart we can see last week candle formed a high test pin bar - this shows to me a massive rejection of price and a short bias
Now looking at the Daily chart we can see price broke the 50 EMA and came back to retest this level on Wednesday/Thursday of last week this level was rejected - Short bias
Looking on the 4 Hourly chart you can...
Looking at the weekly chart we can see an inverse head and shoulders forming, Price is currently at the top of the right shoulder, in my eyes this a bullish sign
Moving down to the daily chart Friday's candle formed an engulfing candle confirming that long bias
On the 4 hourly chart the 50 EMA has been broken also price has broke thought previous resistance...
Possible short forming on EURAUD, We got a high test pin bar on the weekly time frame, the 50ema was broken on the daily chart and also on the H4 chart - we would be looking for a retest of previous support/resistance zone around the 1.5919 level for a sell signal for a short.
Updates to follow
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CHFJPY has respected weekly support zone for the last 3 weeks, if we delve down into the lower time frames we can see a raising flag forming on the H4 chart which has been broken also breaking the H4 50ema - I see this as a potential long opportunity
Please feel free to leave any comments about this setup
The reason why we will be looking to go long on this pair are as followed
Strong weekly zone rejection
Daily strong bullish candle
We will be looking for a pullback on H1 followed by a bullish candle
We will keep you all posted on the progress. Please feel free to comment - Happy trading
The reason why we believe this pair is bullish
Strong weekly zone rejection and Daily strong bullish candle
Next week we will be looking for confirmation on this long bias by delving deeper into this and looking for confirmation on the smaller timeframes.
We will be looking for a pullback and an engulfing bullish candle to confirm our entry.
GBPUSD - Short Idea
Double Top Forming on 1 Hour Chart with RSI Divergence
Trade void if price breaks last swing high
Please wait for a confirming candle before entering this trade, i will keep you all updated on my trading
All thoughts welcome good or bad :)
Long position forming on AUDUSD
Inverse Head and Shoulders pattern forming on the 1 hour chart
Please wait for the break of the neckline before entering this trade, if the support channel is broken trade is void - the support channel is shown by the highlighted box
Please let me know your thoughts
i wish you all well!