Just a chart showing breaks in 4HR structure and my next position for AUDCAD
AUDCAD is looking very bullish at the moment - as you can see from the chart, price is starting to break out of the descending channel It would need to create a higher high for confirmation of this move, which could happen by the end of this month
My bias for this pair is still bullish, at the moment though I'm just sitting on the sidelines as it just looks to be consolidating As soon as I see a break in that structure I will look for a long position
My current bias for USDJPY / Waiting for price to get into my area before looking for a long opportunity
Waiting for confirmation before buy Please see chart for my bias and analysis
In my opinion we are now going to see weakness in the USD and I'm now looking for buy setups on the XXXUSD pairs Please see the chart for a break down of my analysis, Happy trading
Price has broken the daily range and im looking for a retest before entering a long position to the established resistance area
My bias for this pair is LONG as it is with all XXXUSD pairs Price has been on a downtrend for over a year and price eventually has to go up, the initial test of 1.23000 was a pullback as you can see from the chart - This was from August 2014 Price came to the same area again and fell because we had a breakout in July 2020 and the area was never retested - Price...
Looking at the chart we can see a big bullish candle followed by a pinbar / doji - this could indicate a pullback to the area thats been broken before a long to the above resistance level
A lower low has been formed and it looks like were rejecting? oh this could be a bumpy ride
Looking like a big pullback - Please see previous analysis for my bias
Price has broken a daily level and rejected, im seeing rejections on lower timeframes Shorting to support
From having a quick scan of the chart it appears that BTCUSD is coming down for a retest after making its higher high then we might see the big push that everyones waiting for
More buys until price reaches the retest area then I see a BIG SHORT coming.. only time will tell, need to wait for confirmation before the big move happens
In my opinion CADJPY is getting ready to go long to resistance of 94.100 We can see the big buillish move that happened recently and now price is testing the daily highs that were broken - Im waiting to see a larger rejection before entering a position to go long
After looking at this pair on a higher timeframe I can see it currently at a weekly support level and consolidating for the next big move up There are several Dojis forming on the weekly timeframe and a pinbar / doji appears to be forming on the monthly.. for now its probably safer to stay away from this pair or just trade the range
Break and retest... on the lower timeframes I am seeing quite a few rejection candles including gravestone dojis I would like to see a rejection on a higher timeframe but this looks good to short from now
I dont think this pair is bearish just yet as resistance is roughly at 117.400 We have seen a structure break on the 4hr and currently price is retesting, I will be looking for rejections in the area highlighted before going long to resistance