Please see the demonstration on the chart today we have positive news on CAD, and the momentum of selling on USDCAD is obvious Good LUCK
please see the demonstration on the chart note: you can take the exact same trade on gold ... they are almost perfectly correlted at the time of posting this. good luck
please see the demonstration on the chart Good Luck
on 4H it was a down trend then it started to make a higher low, and i expect it to make a higher high, which means it turning to an uptrend. there is volume effort and it seems to be to the buying side. bounce off the weekly level to the upside and the TP is the next weekly level. GOOD LUCK
Confluences: * Retracement on both 1h & 1D * Bouncing off weekly level with high volume * TP is the next weekly level GOOD LUCK
depending on the strong bearish momentume (high volume) and the weak momentum of the pull back green bulish candles (lower volume), i entered this trade. please see the comments i put on chart. BEST OF LUCK
I think these 35 pips are attainable regarding the strong bearish momentum, befor reaching the monthly level as indicated. Please see the comments on the chart good luck
As shown on the chart, the market maker intention is to take the market up. GOOD LUCK
As shown on the chart from the left to the right you can see my understanding of the chart, the intention of the market makers shows a big bullish move a head. GOOD LUCK
Confluences we have: 1. eur is the weakest currency, usd is the strongest on weekly bases. 2. the price broke through weekly level, retested and ready to go away from it. 3. if you drow a fib. on the daily the price is on its way to touch 0.0% which is our target. 4. in order to break through the next monthly level shown on chart the price accumulated sell orders...
you can spot divergence on both H1 and 30Min charts that supports this idea, plus the structure is to the downside,
By looking into the H1 time frame i think the buying power is fading away and the sellers are ready to take over.
as written on chart, we have many confluences if the price came to touch the trendline we are good to go.
Beautiful swing due to the following confluences Strong price action at critical level (bin bar) That price action is at the golden ratio of Fibonacci retracement 61.8%
High probability short due to these confluences: Supply Zone Double Top Divergence Break through Psychological level 1.37000
The Confluences are: Double Top Divergence Psychological Level Demand Zone Bearish Price Action on the Daily Broken Trend line
the price formed a double bottom, and we have a bullish RSI divergence to support our theory
The daily frame gave us a beautiful price action (Engulfing Pattern) the price on daily just passed a beautiful psychological level that works as a resistance 2.0000, and the lower time frames shows reversal signs