CAD/CHF Long reversal Hello traders, price decelerated nicely into the 0.7270 support level, meeting also the bottom trendline of the current bear channel. 50 EMA very far from current price so I see only 0.7350 level as possible resistance.
Keeping in mind tomorrow's NFP, I will be ready to catch an upward acceleration.
As always wish you good luck!
BAR
EURUSD forming sell signals as we know that this pair has very less trend, it is much choppy, Well we have a short signal in daily time frame,
There is inside bar setup after rejection from resistance, however it is not Key Level resistance but it is,
our entry is triggered after mother candle breakout and market is also getting rejection from mother candle which is indicator to show that it is ready to go down. don't forget to like my analysis. I hope it will help you in your trading. Thank you
NZDUSD on Key Level SupportNZDUSD is sitting on key level support in line with the bullish momentum. Price had just braked out on the recently created inside bar pattern, a consolidation-continuation pattern in the market. An ideal entry is a buy stop above the high of the pinbar and we have enough room for a decent risk to reward ratio. Trade Safely.
Inside Bar Pattern on EURAUDPrice is now sitting on key level of support and we have big room potential to the upside around 1.52000. Now price is forming an inside bar pattern, a potential breakout pattern to the upside. An ideal entry would be a buy stop entry above the high of the base bar. Trade safely
USDCAD Inside Bar SetupUSDCAD has been trending down for the past 3 months and for the last 4 days of trading activity it showed a strong retracement with several bullish reversal candlestick patterns that caused the form of a 2-day Inside Bar Setup with an Inside Pinbar Combination. Ideally a Buy-Stop Order at the High of the Mother Bar to capture the upward move with a stop loss at the low the recent bar and tight 1:1 RR Ratio for this Counter-Trend Move.
If a Fakey is formed, it is a signal that this Currency pair may resume its Downtrend and to capture that move a Sell-Stop Order below the low of the Mother Bar is ideal to go short going along its downward Momentum with a Stop-Loss at the high of the current bar formed.
USDCAD Inside Bar Set-upUSDCAD has been trending down for almost 3 months and for the last 4 days of trading activity it showed some strong bullish retracement forming a 2-day Inside Bar Set-up with a Pinbar Inside Combination. Usually a sign of an Upward momentum. Ideally a Buy-Stop order at the High of the 'Mother Bar' to catch the upward move with a stop loss on the low of the current bar with a 1:1 tight RR Ratio for a Counter-trend Move.