USDCAD Swing USDCAD has broken both uptrend lines and we have some solid bearish candle formations on the higher time frame. A sell limit was also tossed in the telegram which has been activated. The trade taken is the setup on this chart
Freetrade
EURUSD time for a pullback ! Or time to start the long rocket ?Hey Traders :)
We think that EURUSD pullback to the last ascending trendline. If not there is a good possibility for a long setup !
EurUsd looking to complete double patterns?EurUsd is on the c-d leg of a double pattern.
Looking for the market to retrace and follow the trendline up
AUDCAD December Technical Analysis: Reversal confirmedTalking Point:
Technical Strategy: Confirming it's bearish outlook
Elliottwave View: Reversal confirmed and counting impulsive waves
Analysis
AUDCAD was trading sideway from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We were experienced a bounce from 9170 area in May-2015. However, upside was corrective and can be counted as flat correction in elliott-wave and possibly correction is over on 1.04 zone. With that in mind, we are expecting trend reversal should be taking place and can be seen impulsive declined from 1.04 and possibly we had it's first leg down from 1.04 to 0.9864 and now reversal confirmed from 1.0100 level. Currently we are counting impulsive bearish wave. We are expecting it's minor first leg will be completed soon and can expect small correction towards 1.00. This will provide anyone to join who missed this train.
Action
We are running two short position from 1.01 and 1.004, and for both position we lowered down our stoploss.
-- By Hoagtrading.com (@Hoagtrading)
Identifying Buyers and Sellers!! 1.4166-1.4133 price consolidated and dropped. meaning alot of sellers sold at that area meaning a possible unfilled market orders still in that zone.... an example of this below when price on a daily TF reacted and dropped from my zone 1.4101-1.4081 so i expect the same. i will take profit at 1.38500 and i will move my stop loss into profit once it begins to drop!!! Remember Risk management is key if it violates there is still more opportunity!!!
