If XAU can hold the H1 above 1892 then I will enter on dips. There is still chance for it to break with the USD retail sales coming in less than expectations
We have the upcoming ECB speech again and I see a potential Long trade this round. 1. 1.183x area must be breach for bulls strength 2. My TP at 1.1910. Expect another breach or a retracement. I am thinking it could be more of a retracement if 1.19 is hit. 3. 1.1780 - 1.1790 must hold when H4 close Happy Trading. Cheers
Sorry guys for late input. Was busy looking at historical data and the low frame time charts since Oil plunged this morning. Missed it as I was still in bed heheh. With 50% retracement completed and a closing extended wick, coupled with the dismay news earlier on oil price, i think we can see a breakthrough. But what price do we foresee USDCAD in the long run? I...
Zone 1 has been concluded and we are now heading to Zone 2 territory. Trend is bullish and might expect a slight retracement at indicated area for push North. Price must break 1.4181 for the continuation of ultra breakout :)
Overall very weak direction from both bulls & bears. On hourly chart, a descending triangle in the zone may indicate sellers' momentum next week. Key support area at around 107.24 needs to significantly broken to continue downside. 4H Chart also indicate a Bearish trendline. Good Luck to everyone next week!
Bearish triangle seems to have formed in 4H chart. Will Tokyo market pull it further South?
Waiting for hopefully a retracement during Asian session. Seems like a tight range but good news for the G10 probably will hype the Euro. I am strong bullish, but if range goes down towards and below 1.09 again then it would be a Bear (notice the previous bear breakout at 1.09)
Price has went beyond the my range box on the 1H chart. Previous 2x support and 1x resistance on same price has been broken. Quite a big confidence to see this momentum for an uptrend for awhile. I have a long entry confirmation @ 1.0916. Good luck to everyone. Let me know your thoughts.
Support has been met a couple of times this year and eventually bounced up. Price currently ranging in box. Looking for a buy entry when breakout after 1.09
Probably LONG for this pair, given that fundamentally the COVID situation in Japan is not getting any better. I believe this is another good entry point for a breakout as indicated.
Dear fellows, this came a little late as I have already entered my trade. Sharing this just for comments. I see a Double Bottom on the 4H charts and the overall trend line looks bearish from the highs last week. I think this will bottom out soon. Thanks for looking
Nice setup for a BUY on USDCAD Fundamentally, with oil prices plunging, I believe it is a sweet spot for a Long entry (I have took it) with a tight stop loss.