Price rejected 1hr resistance nicely TP1 at 1hr support TP2 at 4hr support SL above the previous high above 1hr resistance (0.6730)
On the cadeur, price has been declining for a long time now while holding onto resistance. Price has then created a xabcd pattern in which is aligned with minor resistance zone.
Previous analyis went quite well, showing the small drop to the entry zone prior to the big rally. Takes some profits at the highs with the plan to re enter at the yellow circle again. Now that bear flag i showed in the last update, seems to be in play. Broke the support line and now seems to be hanging below it. Making the chances high for another move down. I...
So far followed the double pattern quite well and the previous analysis. Bounced very strong from the support zone. First attempt failed, dropped again and it got bought up and got pushed straight through the resistance. Of course it could simply continue to move up, but i think it might be too fast. So if this small bull flag fails, we could see a drop to that...
I have been looking at this one for quite some time now. I know the shape looks like something your not used to, but with double bottoms, we want to see the same size in time at both ends. Which is what we are seeing here. So the game plan, is waiting for a drop and to see if this green support on the right is THE low or not. Because there is room until the one...
The previous trade i posted here on TV failed, i took on a second one a week later with my copy trading trial i did a few weeks ago which succeeded. I have been waiting since to see how thing play out. I am still looking for a mid/long term long here and now it starting to look like there is a good chance again. It looks like a legit double bottom here, but there...
Looks like a good and solid support zone here, so i am going to try a long here. I am going to use 3 targets, each 33%. The last part i will keep with a trail stop if we do move up. Previous analysis:
Situation: CADEUR is forming a downtrend. It which might be confirmed soon (pink dashed line). Another point of potential movement will be the breaking of the yellow trend (yellow dashed line). Might even have some SHS flavour to it. Plan: Short CADEUR at the confirmation of the pink trend. Execution: Trade the trend with SL at the last lower high.
EUR CAD is a short for me. On the daily there is a break and retest of the cloud. 4 hour shows a nice rejection from the resistance line.