Hello everyone, here is the top-down analysis for USDCAD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Current play I am looking at on the 15min chart on Bitcoin. Which ever direction it goes there is money to be made. Decreasing volume signature confirms this triangle. I will be watching closely on the volume breakout aswell
We can see that price has fallen out of this ascending TL and has officially made a lower low. Looking to sell this pair if we get to an area of interest which is at the 50/61.8 fib levels as if we look left we can see these levels have held as structure previously and we will then be interacting with the 50EMA. Would need a confirmation candlestick before...
🔸4 H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We consider that this pair has bearish potential towards the Support Zone. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS:
🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Daily Resistance Zone. . 🔸It has broken the Ascending Channel. . 🔸We are waiting for a breakout of the Support Zone to the downside before considering short positions on this pair. . 🔸 Will look for a lower timeframe bearish setup if the zone is broken. 🔸 DAILY CHART ANALYSIS:
Watch for the breakout to the downside and sell
EURUSD H4 - We have broken downside of the channel, but yet to have set lower lows, just waiting to see this lower low confirmation, then a pullback to optimise entries. Eying up possible shorts from around 1.18 hopefully.
Possible short movement to the downside on the Daily.
Price will go up to resistance 0.70060 for a 70+ PIP profit. Like if you agree.
entry on break above, target 1 is 1.72160 and to continue
USDJPY formed an objective symmetrical and divergence around resistance, so we are currently holding a sell. our stop loss is above the last swing high and we target double our stop loss size.
🔸 DAILY CHART EXPLANATION: . . 🔸Price has been consolidating for the last months. . 🔸It is about to face the Descending Trendline of the Corrective Move. . 🔸In case of a bullish breakout, the next target is the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup.
I see AUDUSD going bullish. Like if you agree.
We might see it break support and go retest the last support drawn on chart and revers towards the upside but my bias overall is Bullish for the pair
Bullish. Two scenarios. 150 + Pips. Like if you agree.