Trendline meetsOn the Daily Chart (right), we have the potential Bullish Flag Pattern forming. If Flag Pattern didn't happen, a retest on the support line at 1.1937 with an RSI Divergence gives traders who are looking for a buying opportunity a push to enter the trade.
On the 4-hourly chart(left), the parallel channel meets at the same price region of the daily chart at 1.1932, which definitely brings me interest in waiting for a retest and waiting for a buying opportunity.
Candlestickpattern
USDCADHi guys!"
USDCAD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Opportunity to buy some Gold$1824.47 is a Great price for me to engage the Gold on a buying opportunity, especially a Bullish Shark Pattern has shown me an opportunity to get involved.
Normally I don't like to engage the trade on a Friday evening(SGT), but a trade like this with RSI Divergence it's hard to say no.
EURUSD has no strength to reverse Yesterday we commented on possible EURUSD reversal.
The possible entries were upon breakout of 1,0700 or after a correction.
Non of them were confirmed and a decline followed, showing us that EURUSD does not have the strength to reverse the trend now.
In this case it’s more likely to see breakout of the bottom at 1,053.
The next supply level is 1,0440.
A possible EURUSD trend reversal Yesterday we saw a momentum move in the EURUSD, which broke above the previous high of 1.0645.
Thus, we have higher bottoms and higher tops of H1.
All sales should be closed and we are looking at buying opportunities.
The reversal has not yet been confirmed and there is no need to rush into new trades.
There will be suitable opportunities during a correction or after a break and test of 1.0700.
Bullish Trends Start in 1 HR TF for TRB USDTBINANCE:TRBUSDTPERP
Bullish Trend starts in the 1 Hr TF. In this case, the bullish engulfing candle shows that buyers are dominating the market and pushing the price upward. TRB tries to break previous H.H levels.
EP 18.32
SL 17.27
DF 1.05
TP1 19.37
TP1 20.42
XAUUSD (GOLD) PERFECT BEARISH SETUPOANDA:XAUUSD
HI , TRADER'S ..As we predicted , market reached our TP
now market is trading in support and resistance zone
1823$ to 1845$ range , Market can stay in this range for couple of day's
Sell at resistance and buying at support recommended
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Sales on EURUSDYesterday EURUSD made another move towards 61,8 and pulled back.
These were the first selling opportunities.
We’re now expecting a small correction and another decline.
The first target is breakout of the previous low at 1,0537.
Upon reaching that level it’s recommended to lower the risk.
The ultimate goal remains unchanged and we expect reaching 1,0440.
New sells on EURUSD Yesterday EURUSD rose to 1,0620. This is a resistance level and 50% correction of the last drop.
It is still possible to see another upside move to 61,8 before the bearish movement continues.
Upon confirmation we will be looking for entry with target previous low and reaching 1,0440.
The scenario breaks up on rise above 1,0700.
The drop on EURUSD continues At the beginning of the week EURUSD heading towards support level at 1,0515.
These are suitable levels for correction before the next decline.
Upon a breakout of this zone the goal will be reaching 1,0440.
Up to these levels we will be looking to exit the sell trades and will be watching if there is a good opportunities for buys.
GBPAUDHi guys!"
GBPAUD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
CADCHF high potential to reach lower pricesIf the Canadian banks do not create a big demand, it is very likely that the strength of the Canadian dollar will decrease compared to the franc, and we will see the fall of this chart in the coming hours.
CADCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Take Profits on EURUSDYesterday EURUSD reached its first target at 1,0585.
It's a good time for getting part or the whole profit.
We're now looking for a correction and confirmation of the new sell trade aiming 1,0515.
As long as the movement remains bearish these will be the only trades we will look at.
By partially closing and re-entering after a correction, the aim is to lower risk and maximize profit from the move.