CXY
CXY with a great long opportunity !CXY is coming back to retest "the ascending Channel and a significant Level of Support".
We wait for Setup to align before jumping in the market.
Weekly Analysis CXY, SXY & BXYNOTE:Truths
-Traders will do the same thing over and over again.
-In trading, no one to blame and no one to question what price did.
-Price can break any low/High because anything can happen.
If you fully allign your thinking in line with the truth about the market then you will win.
USDCAD: Opportunity to re-enter.DXY: Broke out of a bullish ascending triangle pattern.
CXY: Broke out of a bearish HNS pattern.
Result: Retest of resistance/support levels on DXY, CXY and the currencypair USDCAD itself. This will be a perfect time to re-enter if you're not already in a short position on USDCAD. With that being said, let the pips rain down on us.
USDCAD CryptonikLion I will wait for around 1.44 for a good entry on a short position on the 0.618 fibonacci level. Also it should be the fifth wave and an A,B,C correction must follow and depending on the fundamentals i may let this position open for few weeks may be,because i consider it as a great opportunity,
And the rsi is showing us that buyers have lack of power over the long run so if the price gets to the fifth wave the bulls should be tired and the price must reverse!
-CryptonikLion
AUDCAD A very strong rally and finally the price is at a very strong resistance (200 daily MA at 0.89451),trend line is acting as resistance so the price must go down for a correction.
I expect this kind of movement to take place i am in a short position since 0.893.
The price should retest some fibonaci levels at least 0.236.
Possible scenarioCXY = USDCAD upside down. Camarilla is one of the best indicators for forex traders as it reveals important hidden levels one would not be able to spot with naked eye.
And since it is a leading and static indicator you dont need to flip all the charts trying to find those levels.
If this thing breaks through R1 it will move higher.
CAD getting strong - Daily OBV for the yearLooking for that break above the red ribbons.
200 MA broke
33 MA above
Currently pinching for direction on daily but long term looks like up via technical data.
