CADCHF on the daily chart is consolidating below a weekly resistance. The price tested with a retracement move the 0.5 Fibonacci level and According to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At their September meeting the BoC delivered on market expectations by not providing any new information. The bank acknowledged the recent hit to growth has been bigger than expected, but also explained that they deem the hit to be temporary and still expect solid growth this year....
Price is seen to be holding below descending trendline resistance, however we are expecting a short term bullish burst to the trendline resistance. We are expecting price to retrace back to the pivot level ,in line with the 50% Fibonacci retracement level and 61.8% Fibonacci extension level, and bounce back up to the take profit level in line with 23.6% Fibonacci...
I'm going to be posting more and more intra day signals rather than long swings.
CADCHF on the 4h chart looks bearish. The price after the test of the 0.786 Fibonacci level is breaking the trendline and according to Plancton's strategy if the market will break below the support area we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵...
We are expecting JPY strength after a strong bear run for JPY last week. We can see on the 4H the clear ABCDE correction here, expecting to top out at one of two strong resistance levels (marked on chart). With this combination, we can expect to have a high probability of a short on this pair! We may well see either: a.) Slightly higher test of resistance...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests...
CHFJPY on the daily chart is moving inside a retracement channel after the recent high. The price moved in a lower high lower low pattern over the trendline until the 0.618 Fibonacci level. At the moment the pair is trading close to a weekly resistance and according to Plancton's strategy if the price will break above we will set a nice long order. –––– Follow...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests that...
Hi everyone: Some big movement in the last few days on USD. CHF, JPY pairs, and I was able to get in on the CADJPY sell. Looks like CAD pairs are getting weaker, and I can expect CADCHF to also continue its bearish price action. We can see after the initial bullish up move, price formed a pennant/triangle correction, but didn't not continue its originally...
Price is above ascending trendline support and above pivot at 0.72125 which in line with 127.2% Fibonacci extension . It could potentially bounce from support and rise further to take profit at 0.73345 in line with our 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Otherwise price may continue to bearish to stop loss at 0.71735 in line with -27.2%...
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests...
This strategy based on only trend line with support & resistence on fresh chart. we will take entry after breaking a trend line and getting buy or sell confirmation. That's it. Thank you.
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests...
CADCHF completes harmonic, and we could see price rise upto target area, with good risk reward.
CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests...
Hi All, We are opening a long entry on this pair. As you can see price has found support & starting to creating the inverse H&S pattern. We are currently starting the Head pattern on H4. Likes and comments welcome. Many thanks .
CADCHF after the last bearish impulse is testing the resistance area at the 0.5 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡...