H4chart
USDCAD, expect drop price to 1.35300 +around 100pips, H4,H1I expect the price to drop to around 1.3530 for now.
If the price breaks the resistance indicated on the chart, the uptrend should continue, but I expect the price to fail and fall.
We'll see what happens after the weekend.
Have a nice wekkend!
P.S.
This is not financial advise of course, just my idea.
GBPJPY - SELLHello traders! I want to share with you my analysis of the GBPJPY pair and I expect that once the price reaches the marked green zone, we can assume some decline, it may not go all the way to L or LL, but if we follow the correct RRR, we can still profit from a short position! Good luck!
Note
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I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume 25%
In this way, I ensure that my equity curve grows consistently without significant dips.
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
EUR/JPY: Short Tendency intactWSI KEY Reasons for Short Tendency:
- break of structure
- first lower low sind March 2022
- POC & ultra high volume sell zone
- Re-test of BOC + POC zone
- 200er MA H4 sell zone
JPY buying likely to continue during stock market sell-off. EUR weakness likely to also continue due to hesitancy of ECB to raise rates + Russia/Ukraine situation.
SLs should be set above break of struture level (see chart).
✅ Check my Bio --> Daily Setups
Meikel & Team WSI
DOTUP USDTIn DOTUP 4 Hour Time Frame, Divergence has been observed. Moreover, DOTUP is the support. Waiting for the 3rd swing to be completed, after that entry can be taken for buy. Furthermore, a Dominant breakout pattern can also be drawn to find the levels.
USD/CAD - Study purpose only**IT IS NOT INVESTMENT ADVICE**
Hi guys, It's just a publication for studies of my trade system that I am testing.
My projection is a up trend on usd/cad because he does a up trend in short term and struture in long term.
I'm looking to buy this pair until it breaks the higher high and higher low in the short term trend (Up trend).
I am posting it here just to study my perspective over time and it is not a investment advice.
No one can make money by taking ideas here from tradingview because entry is just a part of making consistent money.
We need to know what we are doing, manage the trade/risk and be strong with psychology.
Just look at this idea to see what happens and why I did it. Don't invest by taking someone else's idea because you don't become an investor by doing that!
GBPCHF bearish analysisHello guys
Everyone who is Elite member - wait for proving decision if price will close that way
GBPCHF currency pair is at overall bearish trending and bearish territory, which means price might hit higher levels or break H4 lower low level correctly.
If price will continue higher, we have to take advantage from buy side on daily chart. Daily chart giving us a possible swich at H4 lower low. If daily buyers will confirm it, then we have to follow analysis and swich H4 LL to daily LL. Keep that in mind. And this will be one of the facts why bearish targets might not be observed anymore.
If price will break recent H4 lower low level correctly, then price is again headed to 1.21442 support level. Recommend trading beetween H4 and H1 timeframe.
If price will stay stable bellow 1.21442 ''new resistance level'' we have to be aware of daily candle closing and structure too, before we are looking potencial target at 1.19941.