Analysis: Firstly just by looking at the charts we're able to tell that price is in a downwards trend. We've seen a series of lower lows and lower highs being formed confirming that we are in this downwards trend. We're now approaching a key level that has held as support and resistance multiple times so we expect this to happen again this time around. To add...
Hello. I am looking for a buy opportunity in this trade. 1. Ending diagonal 2. MACD divergence in lower timeframes Trade with care.
I currently have an alert set for 0.89500, where it has previously resisted, Once I get an alert for that price I will set another alert 0.89750. This is because I don't want to open a buy too early, and this level is where I will buy as it would confirm the price action.
USOIL Long Setup 👉🏻 As mentioned in the message last week, IF price breaks this triangle, it will also be breaking a major descending trendline, hence the bullishness in CAD pairings.
- Admittedly, I made a premature entry earlier this week as I expected price to hold below the 1.4151 level - Current fakeout where price crossed above this level very briefly and then crossed below it is a good signal that we can expect further downside ahead - Before making a short entry play, we'll need to eye the 1.4118 level as we could potentially see this...
fundamental weak GBP with a strong CAD. Strong bearish momentum. i do 300-500 pips per week. Check my bio for proof.
Here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an SHORTING opportunity for the AUDCAD pair. Take a look at my analysis I would love your feedback.
Inside bearish triangle / pennant we find this opportunity to sell at the retest of the upper falling trendline. I place my take profit just above previous support and above 61.8 fibo of the leg.