SmithTradeSmart

SmithTradeSmart

Bitcoin is clearly lingering just under the new ATH around $61k. Intra-minute pice action has turned very bullish as we trade into a new week! Bullish Mondays are often a sign of a strong week in crypto.

SmithTradeSmart

GBPJPY Has been very bullish upon market open this week and throughout the latter stages of last week as the market price approaches the visible range high at 135.460, this is where I'll be taking a sell position with a 40 pip stop loss in hopes of a brief rejection.

SmithTradeSmart

Descending channel, price action currently testing support. Will set alerts to catch a bounce or break to the downside.

SmithTradeSmart

USDCHF Re-testing breakdown point of the ascending support.

SmithTradeSmart

📢USCDAD 1H - Technical Breakdown 📈Price levels have been respecting the ascending support over the last 7 days. The current market price appears to be testing the rising support at 1.41300 and gives reason for a bounce long position.

SmithTradeSmart

📢CADCHF 15m - Technical Breakdown 📈Price action has successfully broken through the clear down-trend and has since re-tested this prior resistance. 📈A long opportunity from the current market price presents a 1:2.5 RR trade aiming to bank 60 pips up to the highlighted take profit near 76.500

SmithTradeSmart

📢CADCHF 4H - Technical Breakdown 📈Price action has successfully broken through the clear up-trend and has since re-tested the prior support. 📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 150 pips down to the highlighted support at 0.67300.

SmithTradeSmart

📢GBPCAD 1H - Technical Breakdown 📈Price action around the current market price is testing the descending triangle key support floor at 1.74930. This is the 4th or 5th time this level has been tested. If this level is broken to the downside bearish momentum will undoubtedly ensue. 📈A short opportunity from the current market price presents a 1:3 RR trade aiming...

SmithTradeSmart

📢EURNZD 1H - Technical Breakdown 📈Price action clearly broke upwards out of the descending wedge shown in my last tradingview analysis. Since then a failure to gain has taken place and bullish momentum seems to have come to a halt. 📈A short opportunity from the current market price presents a 1:3 RR trade aiming to bank 120 pips down to the prior wedge resistance line.

SmithTradeSmart

📢USDCAD 4H - Attempted Breakout / Potential Rejection 📈Price levels are currently testing the overhead resistance of the visible descending wedge chart pattern at 1.40050 that's been playing out over the last 3 weeks. 📊A break to the up-side with give a reason for buy positions over the coming days and weeks as momentum builds in favour of the bulls.

SmithTradeSmart

📢EURNZD 2H - Technical Breakdown 📈Price action has recently broken out to the upside from the visible descending wedge pattern with building momentum. The 50 MA at 1.80120 has been surpassed indicating strength building to the upside which could result in a new up-trend playing out over the remainder of this week.

SmithTradeSmart

📢XAUUSD 4H - Technical Breakdown 📈Price action nears key resistance at $1700. This is the current range high despite the extremely volatile swings that have seen Gold ranging 2000+ pips in a single week. 📊How Gold reacts to this key resistance area today and over the coming days will largely dictate the direction for the next 7-12 days and give us more insight...

SmithTradeSmart

📢NZDJPY 4H - Technical Breakdown 📈Price levels have been respecting the ascending support over the last 3 weeks. The current market price appears to be losing momentum as it tests the overhead resistance at 65.950 for the third time. 📊A break to the down-side breaching the ascending support will present a good risk to reward sell opportunity entering when price...

SmithTradeSmart

📢AUDCAD 4H - Technical Breakdown 📈Price action has been trading within an ascending wedge since the large sell-off that saw bears take price levels down to the current range low at 0.80700. Since then price action has re-gained 800 pips to the upside. 📊The current market price is testing the ascending wedge overhead resistance at 0.88670 highlighted within the...