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USDCAD sept 27 2023 sellAs you can see, there is a shift in market structure 1H TF. Before going further, there is also same scenario if you checked daily TF---> BOS and then going lower. I waited for the level highlighted with institutional candle due to the fact that it sponsored the price to go lower. Upon checking I also see BOS following validity structure :) After that I go to lower timeframe 15min ( where I would normally enter). RR: 1:10 wyckoff distribution with validity/evidence. You can also check the chart for more information. Happy learning!
Short
by glyrad
1
AUDUSD, Massive BROADENING-WEDGE, Bearish Indications Setup!Hello There! Welcome to my new analysis about AUDUSD on several timeframe perspectives. The AUDUSD continued with continuational bearish price-action as it pulled back from several levels to continue forming lower lows. Now a major consideration here is if this trend into the bearish direction is holding on and in my chart I detected major signs that such a continuation is highly likely as there are huge formations forming that are setting up the massive volatility waves to emerge. As when considering the local timeframe perspective AUDUSD is forming this initial broadening-wedge-formation here which is going to activate targets below the 0.616 level. Once they are reached this will be even a part of a much larger formation which is actually a major broadening-wedge-formation, the fact that the price-action will also have formed a breakout below the preceeding trend-line that had the origins within the 2020 corona supply-shock bear-market breakdown lows. The fact that AUDUSD is going to form the breakout below the lower boundary of the gigantic large global broadening-wedge-formation as well as below the preceeding massive corona-lows trendline based in 2020 will be the contribution to a much larger bearish trend-dynamic. Furthermore, a continued high inflation within the AUD area is going to raise the interest rates for this area which is likely to put more bearishness on AUD in combination with the strong DXY this is a combination from where bearishness is elevated. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
9
Euro Still Drops After ECB's Record-High Interest Hike I must admit that the current state of affairs in the currency market has left me feeling rather disheartened. It is with a heavy heart that I share with you the recent news regarding the euro's ongoing decline, even in the face of the European Central Bank's (ECB) decision to raise interest rates to unprecedented levels. In a surprising turn of events, the euro has failed to find its footing, despite the ECB's efforts to bolster its value. The announcement of the highest interest rates on record was anticipated to provide a much-needed boost to the struggling currency. However, it appears that the market sentiment has not aligned with our expectations, leaving us in a state of perplexity and disappointment. As traders, we often rely on historical data, economic indicators, and expert opinions to guide our investment decisions. However, the current situation reminds us that the market can be unpredictable and subject to various external factors. While the ECB's decision was intended to instill confidence in the euro, it seems that other prevailing circumstances are exerting a stronger influence on its downward trajectory. In light of these developments, I would like to suggest considering a short position on the euro. Although it is disheartening to witness the currency's decline, it is crucial for us to adapt to market conditions and seize opportunities that arise from such situations. By taking a short position, we can potentially benefit from the euro's continued depreciation and mitigate potential losses. I understand that this suggestion may not align with our initial expectations or desires, but as traders, we must remain adaptable and open to alternative strategies. As the saying goes, "the market is always right," and it is our responsibility to adjust our positions accordingly. Please feel free to comment below if you would like to discuss this further or explore other potential trading opportunities. I value your expertise and would appreciate your input on the matter. www.wsj.com
TVC:EXYShort
by bryandowningqln
USDCAD SWING ANALYZE / SHORT Hello dear friends I hope we start a very good week. There is a good position in the currency pair of the US dollar to the Canadian dollar And I drew two movement patterns for this currency pair. In short, this currency pair has weekly and daily resistances, and due to the decrease in momentum, we can think about short trades. If the drawn trend line breaks with good strength and seeing the entry trigger, we can enter the short trade And if the price goes up, we can take the risk on the resistance areas and enter the short trade. The loss limit should be placed behind the pivot in the first case and behind the resistance level in the second case Thank you for telling me your opinion
Short
by jawad369
1
USDCAD A DECISIVE DECISION hello traders , it seems like usdcad has a very important decision to make either Break the bearish trendline and go up to the key support that i indicated or Reject from it and drop back to the bullish trendline for the buyers to regain some strenght the break out may be influenced by the fundamentals coming later this week to determine the fate of the dollar and the fate of the pair. this is just my humble opinion but yeah follow me its free i post to you amazing setups and updates every week.
by xAB777