danresdidualfx

danresdidualfx Updated 

Price retraced to the expected region, awaiting for spikes towards the highlighted region for potential short entries. the 1.3450 zone is a key 61.8% retracement region with the counter trendline acting as additional confluence, price is currently trading within a 4HR consolidation box if the candle closes below to the downside, then we can expect the price to...

danresdidualfx Updated 

price rejections around the -27% fib region which have previously shown respect to on two different occasions, despite GBP/nzd seemingly being bearish on a larger time frame, we could look for some potential upside before maybe further downside. risk/reward ratio is tight as usual

danresdidualfx Updated 

On higher time frames, e can see that eur/cad is continuously bullish and exhibiting higher highs and higher lows. Most recently, price retraced lower to favourable regions where price rejected the 50% fib region which gave us a reason to go long, however, if we see a deeper rejection into our trendline we will look for further longs.

danresdidualfx Updated 

Price has tapped a major key resistance of 125.00 which we have previously seen, this region is also confluent to our 78.6% fib region on larger time frames. risk/reward ratio 1:1.8

danresdidualfx Updated 

price is respecting this fib region, continuous candlestick rejections. tight risk/reward

danresdidualfx Updated 

A display of candlestick rejection around our key fib region, also, the price has been consistently bearish with continuous momentum to the downside. risk/reward ratio is 1:2

danresdidualfx Updated 

From our last setup on gbp/cad we saw the surprise and eventual tap of the key region around 1.7400 now price has retraced to the key region where we could expect price to exhibit a new leg to further lows into targeted region. risk/reward is great as usual

danresdidualfx Updated 

price retraced to our key fib region, with some consistency of candlestick rejections, could therefore expect a new leg to be formed to create a new high. intraday setup risk/reward ratio 1:1.7

danresdidualfx Updated 

on higher timeframes, gbp/cad has remained in an upward trend, however, a major key region of 1.7400 hasn't still been tapped. We can see additional confluence around that region. With current fib suggesting additional leg could be formed to tap that region. risk/reward is 1:3

danresdidualfx

A flow of highs/lows has consistently being formed from the 1.97000 psych region towards the downside, we can look at current price action as a retracement (lower high) pattern formed which has bounced and tapped our downside trendline in confluence with wick rejections around the fib regions. A new leg could be formed and the price could be heading towards...

danresdidualfx Updated 

price is respecting our downside trendline, also, there is some candlestick rejection on 5m chart(reversal pattern) could expect a lower leg being formed, to tap our -27.3% fib region risk/reward is great

danresdidualfx Updated 

Another great opportunity on usd/cad trade. We can previous taps of our fib region at 78.6% where we respected, considering the fact that usd/cad is still bullish, this could be a retracement region for USD/cad to create another leg to the upside. risk/reward is 1:2

danresdidualfx Updated 

Price has been consolidating within this upward range pattern. Also, exhibiting some candlestick rejections at the key fib region of 1.3354 we could expect some upward momentum to 1.34000 or back into the highs, considering the dollar has been keeping a positive sentiment in the sense of recovery in comparison to other major economies in other countries.

danresdidualfx

Price has extensively fallen into the -27.3% fib region where we are currently seeing some candlestick rejections. We could see some retracement into the targeted region, likely into the 0.9100 psych level. risk/reward ratio is tight

danresdidualfx Updated 

price is respecting our trendline which is also in confluence with our Fibonacci region of 78.6% we could be seeing some new downside leg pressures being formed.

danresdidualfx Updated 

We tapped a major psych region for gbp/cad at 1.71000 we could expect some reversal price action, we also see major confluence in support around the 1.7100 region. risk/reward ratio is 1:3

danresdidualfx Updated 

price has respected our trendline with continuous candlestick rejection, we created some upside momentum however later retraced to the fib region, this could therefore be a significant sign of another leg being formed to tap our targeted region. risk/reward ratio 1:1.34

danresdidualfx

The pair ha formed a candlestick reversal pattern, with 2 Doji candlestick rejecting our 61.8% key fib region... we could expect a new leg being formed into the targeted highs around the psych level of 0.71000 risk/reward ratio 1:2.64