Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with...
Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Ascending channel has formed prompted by recent CAD strength. Price is now at the support of the channel as is also retesting support of recent highs (0.7420 level). If the price rejects at this level, I would expect continued bullish movement on this pair
Hi All, We have an inverse H&S pattern forming on this pair and we embarking on a long positions with short term targets marked. Entry and Sl Marked. Comments and likes welcome. Many Thanks
Hello everyone: Welcome back to this week’s trading recap video. Let's take a look at the trades enter this week. I will explain my approach on the entry, SL, TP and management. NZDJPY - running about +2% Full analysis/forecast: AUDCAD - running about +4% Full analysis/forecast: GBPCHF - running about +3.5% Full analysis/forecast: Any questions,...
trade at your own risk - not financial advice
Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 78.6% Fibonacci extension and 50% Fibonacci extension. Prices might push up further towards 1st resistance in line with 78.6% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support which is in line with 78.6%...
CADCHF on the 4h chart end the retracement and now testing the a minor resistance structure. According to Plancton's strategy if the market will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow...
Due to the fact that it is in a significant resistance range and has tried several times but failed to break it It is likely to move downwards. But if it goes beyond this range, there is a possibility that Sharp will grow. We will wait to see how he reacts. Be profitable.
See Signposts for key price action details.
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from...
CADCHF is stuck within a local horizontal trading range on 8H. I am waiting for its bearish breakout to short the pair and catch the next swing move to the downside. Next support - 0.7275 Remember, that while the price is within the range, its future direction is uncertain. In case of a bullish breakout of the range, a bullish move will be expected. The next...
CADCHF after the recent highs broke the ascending channel and moved to the support area at 0.73500. The market bounced for and possibly will retest the previous support before breaking below. We will be ready to set a nice short order according to Plancton's strategy if the conditions will be satisfied. -––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure...
CADCHF after the recent highs broke the ascending channel and moved to the support area at 0.73500. The market bounced for and possibly will retest the previous support before breaking below. We will be ready to set a nice short order according to Plancton's strategy if the conditions will be satisfied. -––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure...