fomc today, if a bullish run is going to happen, likely to see 1.68. Bearish target is first to 1.63500 then 1.59
ideal place for rejection.profit points marked in the 100's, 1.05500, 104,500 1.03500. for confirmation entry wait for a bearish week
As anticipated price stayed below 1.65 on Friday. Now to catch the bearish momentum we want price not to rise too much above 1.64 (pink line) and target 1st the last week low and push on to 1.60 and beyond. I've kept the stop above 1.65 as beyond that it's not the setup I am looking for.
with the BOC rate statement next week cadchf is ranging in the 74-75 area and i'm lookin for a mirror of the initial move down. Add to this Oil monthly was bearish and looks set to continue the decline
uj still has bullish structure but the way jpy is showing some strength im expecting a fallback towards 1.32500, sells above 1.35.300
i dont think price will breach last month high without heading lower towards the 1.62 area and a bearish day would further strengthen this, so looking for a bearish day tomorrow
Kiwichf broke out of a channel, and into a daily OB point of origin. if this weekly closes back into the channel will confirm bullish bias.
whilst ACad htf remains bearish it seems to be catching a bid under the 90 area. Will be looking for buys to 1st tp at 92.
I thought we would make a new high but as of now PA is shifting bearish. rejecting from two levels didn't tag 4768 and now a weekly close below 4426. If we break yearly low fully expect 20% off high to be reached as a 1st tp point.
cadchf prev month closed with a doji and right now testing the high of the doji in the 2nd week of the month. It may break last month high but either way fully expect a retrace.
dont want price retesting the week high for a bearish leg
ideally want price to hit the 1.57 area again and rally up . currently trading under the week open price as i'm expecting a bullish weekly candle. BOE interest rate out next week so may get some rally before then. A safer entry would be to wait for tomorrow as that will show whether price has held the 1.57 level
price pushing strongly down and cad news out later today ( could be the catalyst) but this is the area of interest for longs.
been looking for buys on gcad based on the pips it has moved in the past 2 months, expecting a bullish day.
not expecting price to drop under this weeks low and to continue running up
broken uptrend, back into range area, small possibility of a rally from the range but expecting price to continue bearish
looking for a rally back to 1.36370 without breaching last week low trying to work off a 25 stop however
looking for short setups from above highlighted areas to target 1.56500 area