Forex-analysis
USD/CAD - 23/09/2021(H4) - USD/CAD printing bearish structure within this range, lower highs and lower lows forming looking for price to print the new lower low back down to 1.27086
(M15) - Sat on support at 1.27570 this is only an interim level however if we continue to reject this level and close below I will be looking for sells with targets back down to 1.27281
What are your thoughts? Let me know in the comments below.
GBP/USD - 23/09/2021(H4) - GBP/USD failed to hold that break and retest level of 1.36399 and now we have closed above could get a nice bounce off this for targets up to 1.36790 this also matches our correlation with GBP/JPY
(M15) - Looking for price to start developing some levels below 1.36491 and then look for an entry above with targets up to the H4 key level.
What are your thoughts? Let me know in the comments below.
GBP/JPY - 23/09/2021(H4) - After a convincing break and close below 149.317 GBP/JPY failed to hold below and closed back into structure before retesting and bouncing (break out break back in). I am anticipating price to get back up to 150.128 to complete this consolidation however, we do need to be weary as GBP/USD is looking like sells all the way last.
(M15) - Strong break above 149.804 (Known level of resistance. Starting to pull back nicely and forming a wick now as we speak. This looks like a perfect entry back up to 150.116. We also have our LTF trendline which price recently bounced off forming that cup and handle pattern - eyes on M5 for buys!
What are your thoughts? Let me know in the comments below.
CADJPY FUTUREGood day guys, here's my Mid-week market review of CADJPY. In the video, I briefly explain what I think about the future of CAD, cross-referencing with OIL.
Please take note that; this is not a signal, however, an educational video of what I think about this pair. I believe you guys will grasp something from this video and learn a thing or two. Have a good trading week, and remember to use proper risk management.
GBPCHFCurrently, the GBPCHF is looking bearish on the daily and hourly timeframes. However, before this move to the downside, we may experience a bullish retracement to the upside, and we can a clear inverted Head and Shoulders form. Therefore we may may capitalize on this move reactively to price behaviour with proper Risk and trade management.
Thanks and Good luck.
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One thing about success there are going to be many struggles An update of the technical analysis of the gold weekly chart.
I still see there are many indicators that indicate that gold (xauusd) prices are still on their way to upward, and there are no indications that gold prices are in a near to collapse.
In short term the gold prices are slightly declining because there is pressures from the buyers to bring it down to better price zones. This only will push the prices to rise to higher levels after the correction.. No more than what I can believe in the price now in zone of supply and demand zone.
Moreover, with help of the Fibonacci extension tool I can notice the price now is between the 50% and 61% as I call it the golden zone which is the buying zone the raw demand zone. no more than this!
lastly, the oval illustration that I have added is not a correct measure, but only to clarify that trading can delay in giving results and profits and not according to the expected or specified time.
"
DON’T LOSE YOUR SELF IN FEAR
DON’T LOSE YOUR SELF IN DOUBT
Dare yourself to be better
Dare yourself to be unique
"
Be Patient
OANDA:XAUUSD
WHAT NEXT FOR BITCOIN??? BUY BTCUSDBitcoin has been consolidating for the last 3 months after reaching an all time high at around 64K. This consolidation will likely extend even further and i am anticipating another bearish leg down which will be at a structure level, this should act as a support and potentially be the catalyst for the bullish market resumption.
EURUSD - FOREX - 3 May 2021Well, this is the last analysis for this week. I think we will see a H&S pattern this week and if this happen, that's a good opportunity to enter sell trade on the right shoulder. please before entering any trade look for any good confirmations such as candlesticks pattern.
and you see the 4h timeframe resistance that this chart made a falsebreak out on it. by the way I use Elliot waves theory on this chart.
Please look at the 4H timeframe chart!
EURUSD 4H timeframe chart:
What do you think about this chart?
Good luck!
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EURAUD - FOREX - 3 May 2021so this is the wedge pattern and the best way to trade with this pattern is to wait for breakout.
Please look at the 4H timeframe chart!
EURAUD 4H timeframe chart:
What do you think about this chart?
Good luck!
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AUDUSD - FOREX - 3 May 2021as you can see price moves in a rectangle pattern and there are good support zones in this area and it means price might move upward. The best way to enter any trade on this pattern is to wait for breakout.
Please look at the 4H timeframe chart!
AUDUSD 4H timeframe chart:
What do you think about this chart?
Good luck!
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CHFJPY - FOREX - 3 May 2021well, price moves in this wedge pattern and the best way to trade with this pattern is to wait for breakout.
Please look at the 4H timeframe chart!
CHFJPY 4H timeframe chart:
What do you think about this chart?
Good luck!
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USDJPY - FOREX - 3 May 2021look at the 4h timeframe first! price made a lower low and it means this market is gonna retrace at least 38% and the next targets are 50% and 61%.
this might be a H&S pattern if price move down at here.
and there is a wedge pattern on 1h timeframe and the best way to enter a trade with this pattern is to wait for breakout.
Please look at the 4H timeframe chart!
USDJPY 4H timeframe chart:
What do you think about this chart?
Good luck!
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