Kangaroo-Market

Kangaroo-Market

there are 3 reasons for starting to go up: -the yellow support area; -the short term trend support; -the big wock that happened; going down it's also possible; when we have this type of PA, the price usually is moving inside the wick

Kangaroo-Market Updated 

to confirm the last move, I believe that we need one more confirmation for the 15000 level depending on the momentum, the price can go lower than what is drawn on the chart disclaimer: no fundamental were considered during this analysis :)

Kangaroo-Market

With strong fundamentals and good earnings, FIGS can do a lot better

Kangaroo-Market

it is possible to see a move lower this weak ahead;

Kangaroo-Market Updated 

CAD pairs are amazing these days; for mid-long term I expect that we hit the 86 level(my crystal ball says so)

Kangaroo-Market

waiting for a retracement to go short again I may never happen so I will go with a small amount first

Kangaroo-Market

the impulse is too big to go straight up; I believe that the price will struggle a little(1-3 days) before reaching the yellow area...

Kangaroo-Market

not too much momentum to the upside but I believe that after a fake out it will go up again treating this like an long term trade with the SL far away

Kangaroo-Market

not rocket science but seems plausible :) noticed that the waves are almost the same in all three situations waiting for the last leg to happen

Kangaroo-Market

price came back to 0.618 Fib level. noticed that this level can have a big influence also seeing some momentum on smaller TF

Kangaroo-Market

interesting PA on 1h timeframe Tp is a little exaggerated..you can trail your profits

Kangaroo-Market Updated 

11% already looks tempting good idea if you wait for the bigger move down also good to go directly if you are more like an investor :)

Kangaroo-Market

seems like a fake out to the upside

Kangaroo-Market

smaller SL depending on your risk appetite

Kangaroo-Market

you can always wait for a better entry or make your SL bigger

Kangaroo-Market

took a look on what happened with AUDCAD pair before the RBA release; seems that most of the days prior, are green. considering also the fundamentals(China, Delta, vaccination): if the bounce won't come, I will get out of the trade depending on the PA. If it will I will place an BE after the trade goes up a little

Kangaroo-Market

Australia has a very low vaccination rate(14.3% fully vaccinated) and with the spread of the Delta variant, things are not looking good. Also, CHF is getting stronger when we are facing uncertain times. We can have a little push with a recovery from Chinese stocks or RBA on Tuesday. Overall trend is bearish.

Kangaroo-Market Updated 

seems that this pair never disappoints I will wait for the price to go a little higher, but the overall look seems to be bearish