After the obvious MACD divergence, price fell through the uptrend line and took out a previous support level. Now it is not the time to short GBPCAD as I believe price will retrace to the area between the 38.2% - 61.8% Fibs (2.0388 - 2.0612). I am only interested in shorting this pair as price can continue going to the south without giving us an opportunity for...
As per the previous Weekly Chart, I like what I see on GBPAUD Daily Time Frame Shorting only on a break and close below the trend line. Stop Loss goes above the swing high and TP levels on the chart
Looking at the Weekly Time Frame on GBPAUD, I can spot the following 1. Price touched the upper channel 2. MACD Divergence 3. AB=CD Completed Price may fall around 1900 pips from current price BUT patience is key. We need to wait for a bearish price action before jumping in
I would like to go long Gold again. I will place a buy stop at 1170 with TP @ 1204 and I will place a buy limit at 1130 with TP at 1204
I will be looking to short GBPCAD very soon. Price is approaching a major resistance area that confluences with an AB=CD pattern This is a big time frame chart. Profit area around 1.95
MACD Bullish Divergence Go long on a break and close above the trendline. Target and SL on the chart
If the low is broken, I think we will see 121.05
Also EURCAD ... Head and Shoulders Pattern on Daily with a nice PIN BAR at support !!
EURCAD Bull Flag on H4. I will go long on a trend line break. Target is 1.4476
Look for bearish signals around 1.2540 zone
I still like a short on EURUSD to 1.10500 or lower The momentum of additional rise is fading .. there is an obvious divergence between price and RSI, MACD, and momentum
Favoring a long trend trade in AUDCAD to 0.98300 and ultimately 0.99380