USDCAD playing put nicely from our previous post. 1.3500 region and possibly higher should get met to end the week or in the next couple of weeks.
USDCAD is showing signs of bullish continuation & we'll start looking for signs of a reversal around 1.3380 - 1.3350 region. Overall we see this pair pulling back up towards 1.35000 region and possibly 1.36000 region.
Short opportunities at these highs. Retesting my ascending trend line for a potential continuation to downside
GBPUSD D1 GU is in a similar situation to NU where we’ll be waiting for a correction to the upside where price could potentially find resistance & show some type of bearish reversal around 1.3030 - 1.3100 resistance before taking shorts back down towards 1.2900 - 1.2800 support region.
After creating a higher high we are looking for buy opportunities after this pull back for an extension back to upside
After price made new highs and hit our TP1 from our previous markup, we expect USDCAD to make a correction to the downside before bulls regain momentum towards 1.35500 & possibly higher! With all the economic fundamental news events this week make sure you're patient and trading with proper risk management before entering any trade.
Watching Gold at these levels, could drop at these levels around the 50% or could extend between the 61.8% around 1294 or the 1300 monthly level around my descending trend line. Watch for extension to downside for lower low, selling the break down... Disclaimer: We are NOT financial advisers we are simply just giving our perspective on market movements. Trading...
After price accumulation and they swiped the stops/orders below the zone, we are now expecting a wave up to monthly level at .7050 at least. With a close above that level we could potentially go higher. A close below this daily demand level would invalidate buy set up. We are not financial advisers but are simply giving our perspective on market movements....
Waiting to see AU react towards this demand region around 0.7000 - 0.69800. Overall momentum on this pair is heavily bearish however we may see some type of retracement towards 0.7100 before the next scenario. Patiently waiting for price to bounce or break. USD High Impact news Today at 5:30am PST
GBPAUD H4 Price has been moving in a downtrend forming LH’s & LL’s while also rejecting key fib levels at the moment. Risk to Reward is around 3:1 We’d like for price to stay below 1.8300 overall for this setup to play out. If price can break below our Trend line around 1.8200 then GA can push down towards 1.8100 - 1.8000 support level. (Keep in mind high...
Gold gave us the pullback continuation breakout we've been waiting for. Now wait for a pull back for more drop.
I am looking for gold to break up to retest my trend line or to the zone around 1325 before seeing a possible decline to the downside again. But will need to see a close above 1300 first
After a break above my channel on the 4hr chart I am looking for Gold to give a wave up towards my ascending trend line between 1310-1314 before seeing the bears potentially taking back control..
After USDCAD broke out of inverted head & shoulders pattern on March 6th 2019, price came back and retested neck line around 1.3250 - 1.3300 support before going back bullish 160+ pips. Currently price can retest levels around 1.3300- 1.3250 before another possible leg to the upside towards 1.35000 - 1.36000 resistance. (NFP) Non - Farm Payrolls (USD) &...