Greetings Traders, As we anticipate the upcoming week, our attention is firmly on USDCAD, where we are actively assessing a potential selling opportunity around the 1.32600 zone. Engaged in a downtrend, USDCAD demonstrates a sustained downward trajectory. Concurrently, the currency pair is in a correction phase, steadily converging towards the trend at the...
P (83.71) ; Channel Resistance || Candlestick wick high touched Pivot Point Level and Channel Resistance.
Price rejected ascending parallel channel support level. (Date Wednesday 2023-Jan-04, Price 1.54979) Expect EURAUD price to increase for the next 5 trading days.
Entry Price 1.63443 Target Price 1.68460 | Parallel Channel forming on the Daily Time Frame in GBPCAD currency market.
Enter EURNZD currency market at 1.65126 with a long position.
NZDUSD. Engulfing Pin Bar formed on the pull back to the Pivot Point.
Enter at 0.89734. Exit at 0.90351.
This is how this pair played out. This went as we hoped for it to go! We move!
Currently waiting for the candle to close below to take a sell after price retested the resistance zone. What's your thought on this pair?
This is my view on the USDCHF pair. Price broke out of the wedge, will move down to the 1H timeframe to look for a bearing set up.
Watch Price Level 4.79000 for a bullish price action signal. Wait for price to close above 4.79000 before entering a trade.
AUDCAD is weakening. Look for sell opportunities below the trend line (lower highs). Watch for bearish technical chart patterns and bearish candlestick patterns.
EURCAD Currency Market. Engulfing Candlestick formed on the Daily Time Frame.
Hey Trading family! In this education post I'd like to share with you my observation of the 3 cycles that create the uptrend and downtrend. First, trend refers to the natural movement of price action. You may know this has highs and lows. I say we dig deeper. Highs and lows are referred to as the highest price a buyer could buy a currency while a low is the...
First Entry at Pivot Point 20.011. Second Entry at 19.943.
EURZAR Target Price 17.731. Pin Bar tail protrudes through a previous pivot point at price 17.327.
Pin Bar Candlestick Formed on EURCAD 1H Chart. Enter Long Position.
EURUSD currency market is still bearish. Watch for sell signals below price level 1.03488. || || Pin Bar formed at price level 1.03488 on October 9, 1989. Horizontal Level is both support and resistance at level 1.03488 beginning in May 1999 and ending in January 2000. Major price move on December 30, 2002 from price level 1.03488. Multiple touches at...