EURCAD H1 OVERVIEW
Price created a bearish head and shoulders formation, volume in bearish candles is higher as confirmed from breakout of OBV indicator.
50-sma cap the price, there is a high chance that price reverses trend and touch take profit.
Use money management.
Risk 1% of your capital for this trade
EURGBP price action analysis:
The price is in a sideways trend, it is possible to see a stop hunt move in last hours because there is the blue line (buy side liquidity above it) and price broke 2 prevoius highs and then came back below that level with a strong spike.
Analyzing market profile we can see that in last 3 sessions the POC is set at a much lower price,...
Cadchf 1h chart:
rsi divergence + bullish engulfing highlighted in green circle
Price is still in downtrend so if you want you can try an aggressive entry right now or waiting for a break of structure for a conservative entry.
Price is in a demand zone in daily timeframe
Eurcad has created a rising wedge and has a strong rsi divergence.
In h4 price reached a strong supply area and now I think that price could drop to tha take profit level.
Do your own research before investing!
Distribution in AUDCAD.
During the night we had the upthrust after distribution with a pretty high volume and then the Sign of weakness with higher volumes that confirm the bearish impulse.
We had two opportunities to enter:
1) after the utad with a tight stop (risky entry)
2) after the last point of supply a few mnutes ago ( safer but with a lowest R/R...
The fiber is trading in a range and we can notice an upthrust and apossible spring, we still cannot confirm that the low of today is the real spring, in fact if we trade in a conservative way we might wait other confirmations before thinking about opening a long trade, if you are more aggressive you might open a buy with tp and sl as highlighted on the chart...
Usdjpy has created a bearish bat pattern in h4 chart, we see the XA leg as an impulsive leg because the swing in A broke a previous low and this thing is really positive because shows that the sellers are becoming stronger and it could be a first signal of a Change of Character (market changed from bullish to neutral now).
We have fundamentally 2 possibilities to...
NZDCAD is in a big ranging market and I think that we are facing a Wyckoff accumulation scheme.
Now the question is: Where can we buy??
I see two possibilities actually, because we can see the liquidity grab of this morning (price pushed down breaking all the 3 liquidity zones (supports) and pushed up rapidly, now if price manages to regain the levels of last...
We can notice an accumulation phase in the market. Pay attention at the spring, if you zoom in the chart you can see that the low of the spring has broken the low of selling climax and that is a perfect liquidity grab used by istitutionals to open their big long positions.
Then you can see the gartley pattern that worked perfectly, now I expect a retracment and a...
EURUSD has had a Break of structure recntly (highlighted in the chart with BOS) and now you can see that the price is creating higher lows.
The green zones are demand zones whereas the blue zone is supply zone, we need to wait a breakout of the supply before opening a long position with the base as a target.
Instead if price does not break eurusd will keep on...
You can clearly see the Point of Control in volume profile, in that specific zone there is avoid of liquidity (asa IMBALANCE) and that zone will attract the price because big players will have to mitigate their trades.
Anyway we see that price is trading in a narrow range now, we should wait a potential breakout and the close of a H1 candle above the...
THE CABLE 15 min chart analisys:
We can notice a possible accumulation range, we notice that the volumes are not high when the price reaches the resistance line and this means that the interest in selling is shrinking.
Now we should follow the price action, price could:
1 retest the support line and create another stronger spring (not likely)
2 moving up...
EURUSD created a bullish cypher pattern and is now trading below parity level.
We can notice a clear drop-base-drop structure.
Now I expect the price to retrace until the base (institutional zone).
We might consider to open then a short trade at the base if price reacts well at that level or for more aggressive trader we might now open a buy with the base as...
NZDCAD created a bearish bat pattern and is now trading a little bit above 0.886% retracement of the XA leg.
If you look at the volumes you can clearly notice that the pressure is shrinking and now there are high probabilities of a retracement towards the Point of Control in H4 chart (which also corresponds at 0.618% of Fibo retracement of AD leg).
Enjoy your trading!!