USDCAD has been following the M/W formations, The dollarCAD closed on Friday with power to the uptrend, as we start the new week, we started off with a retracement, as we anticipate the 2nd Rally to the upside. look forward to Buying upon price rejection the support levels, aim the 50 Fibonacci Levels.
A great Opportunity to Buy this pair when the Market Opens on Monday 23-03-20, We have a great harmonic chart pattern, which is the XABCD Pattern, along side Pitchfork which shows us how the Bearish movement was Supported and Resisted within the Descending Channel. with our 3 Leg Extension Dip Sequence from our Origin point, we can buy the pair above our 50FE...
Sell EURUSD @Market Price, as the Trend broke the Support Trendline, with our 3 Leg Sequence, after a beautiful Inverse Head & Shoulders chart pattern, we can see clarity in selling this Pair to the downside Target: 1.08329
A great opportunity on the 2nd Leg Fibonacci Extension, 3 Leg sequence Extension Dip Sequence. looking forward to targeting the FE100% Levels as Target 2 on the Chart. Selling @Market Price, with the Rising Wedge Trendline to be broken as it breaks the Support Levels also. Apply Risk Management
As always, correlation in the Market is very crucial, another Good opportunity in the Silver Spot Metal, with shorting this pair below 17.39679, with our aim @16.16-14.92. we can correlate this pair with the Gold, Silver is less volatile Vs Gold, so, silver is more Safe haven when Gold is volatile.
Apply Risk Management
Risk Reward Ratio to always be 1:__2,3,4 etc.
As of now, NASDAQ (USTEC) is completing the Elliot Wave Pattern, we have an opportunity to Short this Pair on 8007 levels, where we can wait for a retest and a reversal candle confirmation before we short it, aggressively we can set a Sell Limit, with a good Risk Reward Ratio as highlighted in the Analysis. Always apply Risk Management to improve you Portfolio Management.
We have a good opportunity to buy the DollarYen as it reaches the Demand Zone, we will wait for the Trend to end, wait for confirmation chart pattern, possible Double Bottom on the H4 TF, shall be within 2-3 weeks, will update the trade as it moves into our buy zone
We have a great opportunity on EURUSD, it has been testing the Resistance level, @our Fib 23.6 Level, which has been great Resistance, we look forward the breakout above the Fib 23.6 level, which will be a good swing trade for the next week or two. Please Apply Risk Management and find attached orders on the chart
DXY Started to rally down after the Two-Day Testimony from Fed J. Powell, which led the Dollar to lose power, USDZAR jumped over to the R13/$ Zone, which was good for the SA economy, taking advantage of Powell's Testimonies. we have two good opportunities to Buy the USD power, with two Scenarios on the chart, we can see a possible Head and Shoulders Chart pattern,...