USDCAD is going up to test our downside confirmation and might reverse further from there towards 1st support or even 2nd support where the key fib retracement levels are, respectively. EMA(34) is also showing signs of bearishness.
01. Monthly Trendline rejected by weekly candle 02. Rejection at weekly resistance 03. Weekly strong wicks rejection at resistance 04. Daily Consolidation 05. Wait for Daily Close below the Support Level 06. Zoom in to 4 hours chart 07. Wait for the pullback to broken support 04. Wait for price action www.tradingview.com
01. Monthly Trendline rejected by weekly candle 02. Rejection at weekly resistance 03. Weekly strong wicks rejection at resistance 04. Daily Consolidation 05. Wait for Daily Close below the Support Level 06. Zoom in to 4 hours chart 07. Wait for the pullback to broken support 04. Wait for price action www.tradingview.com
CAD/CHF 🇨🇦 🇨🇭 is still moving within the Upward channel. We see the breakout of 0.0 FIB LVL Resistance. The price is testing the channel's resistance and the Major Resistance. Moreover , the price lies in the RSI overbought zone , thus we can expect the FALL⤵️! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts...
In the 4hr there ids a clear ascending channel Price has made support and ended with whats look to be a doji. I am looking for an upside to the top channel. Goodluck traders. Trade with wisdom.
(Bullish) Scenario 1: Stabilization above 1.658 (Range) Scenario 2: Neutral between 1.658 and 1.638 (Bearish) Scenario 3: stabilization below the price of 1.638
Hello traders, we are waiting for a trendline break and for a re-test. This would be a great short opportunity. Follow MF_Forex for more analysis.
Welcome to our weekly trade setup ( EURGBP )! - 1 HOUR Bullish reaction after bearish run. 4 HOUR Prices moving back above main sr zone and following midterm trend. DAILY Absolute slowdown, expecting some pressure to the upside now! - FOREX SWING BUY EURGBP ENTRY LEVEL @ 0.87230 SL @ 0.86870 TP @ 0.87730 Max Risk. 0.5% - 1%! (Remember to add a few pips to...
Eurusd bullish expected price action @ major daily resistance tp and sl updated
NZDUSD has been depreciating for a sixth day in a row - the longest losing streak in over three months. The currency pair is trading barely above the 0.67 figure on Monday and it looks as if the longer-term down trend has resumed. The US dollar feels relatively comfortable at the current levels. The key risks for the greenback are the prolonged US government...
Hi guys ! On last friday, DXY hit 96. From there DXY bounced with the NFP results and reach 96.5 before the end of the week. This drop could was the fourth Elliott Impulse wave, and now we could be in the fifth part. The price closed above all the Mobile Average and with Ichimoku Cloud we can see the lagging span above the cloud. Thanks for your time guys !
Key levels to look out for SPX. Please refer to our 4hr chart for a strategic view!