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USDCAD - BUY MODE GARTLEY!!Today we look at the FX:USDCAD as it is setting real nice with patterns, FIB levels and AI all coming together. Firstly the Gartley pattern that started early April and looks to be completing today @ the 78.6% level of 1.2461. This turn zone is between 1.2461 127% ext and 1.2450 1.618% ext of the last move which is the final wave 5. This is the first retracement from the April 5th low and its in AB=CD which is the favoured pattern. Also with the AI for today we have an expected low around 2pm. This is a major turn event for the day. Things lining up again which means we have to place orders. Let me know your thoughts on this set up and ideas you also have for this pair. Enjoy the day.👍👍
Long
by L_F
EURCHF: Update & Bearish Outlook 🇪🇺🇨🇭 This week we spotted a bearish breakout of a key level on EURCHF pair. I was patiently waiting for a retest of the broken structure to look for shorting opportunities. Today I finally spotted one. The price formed a double top formation with a lower high on an hourly time frame. Its neckline breakout confirms a coming bearish move. Initial target - 1.01 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
17
NZDCHF: Potential Trend-Following Trade Explained 🇳🇿🇨🇭 NZDCHF is trading in a bullish trend since the beginning of the year. After the price set a new high around 0.6515 level, the market retraced to key structure support. On that, I spotted a double bottom formation on 4H. To buy the market with a confirmation, let the price break 0.642 - 0.6436 its horizontal neckline. You need 4H candle close above that to confirm the breakout. Goals will be 0.64 / 0.65 If the price breaks the underlined yellow structure to the downside the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
9