Expecting price to complete leg (c) of the correction (looking at an a-b-c zig-zag correction) which should see it finish in the area between the 0.618 - 0.786 fibonacci retracement of the most recent impulse.
Upon completion I will then be looking to go long and buy all the way up until the 1.1811 as a target.
Stay tuned as I will be posting exactly when I...
In an attempt to follow market conditions and upcoming news, I've been taking long positions after price hit a major support area. After news is released I assume amateurs are going to push prices lower for a retrace within my box. Trade within the wick and hold until content or just before NFP.
If price close below highlighted area (PBT&CB), I will go short:
This area acted as a strong support three times: if price breaks it and close the day below, I will go short. Search for PA patterns in higher timeframes.
Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and...
Just like the title suggests I expect price to make one more move to the downside, enter the potential reversal zone (PRZ) and take off from there.
In my opinion the price is just in consolidation mode now, preparing for yet another impulse up.
My initial target will be at the Swing High, should there be an entry.
I will update the post as to when I will be...
Potenial drop scenario to 2877 (TP1) if pressure put price under the purple axis. Then if TP1 the level is breached -> destination 2853 is very likely. There is a possibility of the reverse scenario as well but current odds are favoring the short side. enjoy!
zoom in:
zoom out:
hanging by the neck:
Cheers,
Keops
Hey guys this is very potential with a very good Risk o Reward today cad has a trade balance based on fundamentals cad will lose his value as for i'm also anticipating upside of nzdcad based on fundamentals also it has a complete structure to start moving upside Do your own analysis and trade with care :)
Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and...
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Hi there! It's channeling down and respecting trendline support and resistance so far. in my opinion USDCAD will be a SELL unless there are more fundamentals favoring USD. If price breaks the channel, we can think in long trade.
I love such entries because risk-reward is good.
GOOD LUCK and take entry according to your balance....
Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and...
The pair is currently forming a flag continuation patter therefore I'm interested towards buying.
All the details are on the chart
Entry @ 111.735 (Buy Stop)
Stop @ 111.486
TP1 @ 112.030
TP2 @ 112.146
Disclaimer:
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be...
As highlighted on the chart I do believe the pair is currently forming a 4th wave Expanding Flat correction, therefore we could see one more wave to the downside when the price enters the 1.1880-1.2017 region.
Now bear in mind I will not sell (market execution) as soon as the price enters that area, no. I will set a sell stop as soon as it enters it instead...
