We already have an existing sell order that is on profit and it's analysis is not from this one. Now on a higher timeframe but we can all see that we might be heading down. So watchout for USDCAD we might be on a free fall in a few moments.
This pair has been on a side way movement of recent times and it has been doing so in a volatile way. Now we are at the the Resistance of this upward movement and we have shown ssigns of a reversal. Double top and then retest, let's see where price is going next.
This analysis is not clear enough cause the work has been done on the lower time frames. On the 15 m chart we have a Head and shoulder trying to form and on the 5 m chart there is a double bottom pattern that just confirmed our buy order. Scalps are too quick and too risky, trade responsibly.
The number one rule of being a forex trader is to never be biased. Therefore we have to plans of motion. The bigger time frame supports a sell order that is based of a double top. And the smaller time frame is heading up based of a triangle formation. As a price auction trader we are always taught to always obey the bigger time frame but as someone who always...
We've all seen our Double bottom fail on this pair. Emphasis on 'this is not an order it is just a lookout or heads up'. Could we be seeing a trend reversal to respect the trend or a price reversal to retest the resistance that was broken?
I didn't do any further analysis on this pair. I just found everything sitting like that , so what do you think is gonna happen next, are heading up like the forecast says or might we see a surprise downward movement of price.
What do you think about the EU heading south according to the trend and your own analysis.
Don't really have a solid explanation of this setup. You know those ICT concepts that always looks slick on youtube. I am trying one their concepts. If it works out we gain a few pips and if not we lose very few pips indeed.
We are looking for an optimistic sell on GJ based on a double top that has been long coming. This is definitely not an order by the way. If we see a reversal pattern of any kind that is when can hopefully confirm our sell order. For now let us observe and see what the market has for us.
Normally i would be gravitated towards the higher probability setup of HHLL that is about to form and will reverse up there but as we can see there is a trend breakout and now price seems to be retesting. So what do you think.
On the bigger picture we have a double top formation that just retested and could possibly indicate a confirmation. We also have a bearish flag that could push the price down. Sell stop on the lookout
UJ has been on a steady downtrend we haven't reached any significant zone but it has given us triple bottom whom one might call a triangle. So it could go both ways even though i still would like it to go down some more but we all know we react to the market and not our feelings and thoughts.
Our opportunity for a buy comes from 2 scenarios. We have an inverse head and shoulders that looks to be forming. Also on a high time frame we recently broke a mini Resistance and this is the only notable retest of breaking that resistance. Resistance might become support. And lets not forget we have CPI release in 40 minutes So we forecast a weak dollar but as we...
This pair is on the lookout because of trendline that was broken. We have been waiting for a confirmation or a setup that gives us a Sell signal. At the moment no concrete pattern has occurred but we are being optimistic by expecting a sell because of CPI. We forecast our CPI to be negative. We are hoping for a spike that triggers the order and then shoots down....
There has been a trend reversal that has already occurred and has been exploited. However price seems to try to recover from the massive downwards movement that has occurred. How we believe the price is still going to go down, we tend to believe the trend is your friend. And we justify our order by a pattern of Double top that has occurred. Sell stop GBPJPY.
There was an uptrend that was occurring but the sellers gained momentum and eventually broke the support of the uptrend. The buyers the forced a retest. Now we wait to see if the retest will be respected.
We are at the peak of a consolidation phase and we don't believe there is enough upside momentum to break the resistance
We forecast a long trade for this pair because of the HHLL set up.