Hi traders I'm looking at going short once I see a reversal pattern here. If we can get a double top that would validate the entry. This pair will definitely drop from here, it's all about the entry and stop loss positioning. This trade if taken will be held for multiple days so be aware of any future economic data.
Hi traders I hope everyone has starter the trading week off in the green.
Looking at USD/CAD, my analysis is suggesting more weakness on the Dollar side. We have a H&S pattern here that wants to break the neckline. Caution is needed as price can tend to bounce around before an impulsive break. My targets here are 1.25356 for TP1 and 1.25029 for TP2.
Hi traders. My analysis on GBP/CAD is suggesting more Pound weakness ahead. We are bearish on the daily with a Fib rejection off the 38.2. On the 1h we have formed a H&S pattern which is looking like it will break the neckline as well as the trendline. When we do a minor test of the neck line is what i will look for to enter the short position. My TP1 is at...
Hi traders. My analysis on this pair is suggesting a bearish move towards 1.68053. So far it has rejected off the 50% Fib on the 1h hourly bearish impulsive move. I would like to see the 15m break and close below the trend line the come up and retest the 50% Fib on the smaller timeframe to enter this short position. My first target Is 1.68347 from there I will...
Hi Traders. My analysis on this pair is suggesting further bearish price movement with the possibility of reaching 0.71000. We have rejected off the daily 61.8 Fib creating an impulsive move on the 4h with the correction now at the 61.8 Fib on the 4h. All we need now is a bearish candle indicating more bearish behaviour or a pattern on lower timeframes.
Hi traders. Given USD strength the past couple days This USD pair looks to be the most interesting if it can play out this could be an explosive move higher. On the other hand if it breaks back below it would also be a nice short trade. Keep in mind the risk off sentiment in the markets as it will play a key role.
Hello Traders. Looking at Potential longs on this pair. We must have a break and close above resistance structure in order for this trade to have potential.
The Eurozone’s trade surplus narrowed from €17.7bn to €15.8bn the data that came out failed to have an impact against the Aussie. The next major calendar event is for the AUD in approximately 9 hours. This...
Hey traders👨💻 This pair looks like it will eventually melt down. Keeping a close eye on this pair. As soon as I see confirmation I'll be riding it down 🌊 If you like the content leave a like and comment it's all appreciated 🤍
Hey traders 👨💻 This pair has just rejected a major trendline, I'm expecting the correction to hit at least the 0.382 Fib. A short position under 108.415 should be a safe option to ride this pair down 💰