Looking to see CAD rise while pressure is applied to safe-haven assets like JPY
Looking to short EURCAD as I see further pressure on the EUR with rising cases of the Delta Variant and economic issues surrounding the outbreak.
Looking at Risk-ON appetite and seeing further weakness in the Forex dollar.
Associated price action has been playing around this area for a bit. Looking for price to do a Fake Out (FO) to the south and then the true movement to the north. We may not see any movement until later within today's NY Session.
Looking at what is happening and the associated price action movement from Tokyo, to London, and now in New York I think we will have a push higher to the above 15M AOI.
Looking at TPO (Time Price Opportunity) I see a potential move to the upside.
Just providing an update if we stay northside of this zone. Looking at a price of 2845.35 as the next TP area. If we can't stay northern I look for price to travel between zones at the south.
Chart analysis for AXIE. Expecting a sell before the long buy.
Just publishing this ETHUSD forecasting chart by request. Refer to the forecasting chart indicated below.
ETHUSD has pushed up further past the expectations and I believe we may hit that 2836 price area. Also seeing a rise in XRPUSD, and BTCUSD. See previous chart ideas for potential areas of interest.
A little late publishing this call from my own personal strategy but wanted to share the reasoning and thought behind it. We can see from the bottom AOI (4H) that price has steadily moved upward following key Fib levels as associated price action moves. What I found interesting is the level at the top that is also a Key AOI (4H) that is lined up with Phi (1.618)....
Early yesterday on Oil Wednesday we saw an explosion northward. OPEC news was received as mix by some. I am expecting a small corretion down, with two additional moves past the .382 Fib extension.
You can see here at the daily level that the can clearly see associated price action respond to the individual Fibonacci Retracement Levels and Fibonacci Extension Levels. We can see that price did break out of the trading range of March's 'Trigger Boundaries'. We can see that we have 'price expectation' areas to help in our individual trading plan and investing...
Using only the Month of March's 'Trading Range' I am "projecting" what could be future price action levels. The month of March's 'Trading Range' Upper and Lower extremes are my 'trigger points'. If associated price action drops above or below these areas, I would want to see associated price action come back and 'test' these price levels and push on the direction...
Just a quick update on ETHUSD. You can see from the previous analysis that associated price action pushed all the way to the supply zone and is at a critical decision stage. If price can push through this area (red arrow) and then breakthrough and retest we can see further price levels at previous highs. If the price can't break through the demand zone below is...
I am looking for the market to continue its bullish run from last week. I believe we are going to see the market push lower and then rebound back up to the top 4H zone.
Looking to use the 5 AM candle as the "inside bar" candle to look for trade ideas. The overall expectation is Bullish, but I do expect a correction so ideally, I would like to see price wick off the 152.125 price area down to the bottom of the 5 AM candle and then shoot up to the green path. If not, prepared as well to take the red path if bullish momentum is no...
You can see that we are back to that previous 4H zone and the price is having a hard time breaching that level (200 MA) is right above. If there isn't sufficient to change the momentum, my previous bearish bias still stands. The green path is what is least expected, the red path is what is (overall) expected. The bottom Zone edge or Baseline of that zone are...