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EURCAD BULLISH TREND CONTINUATIONHI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR. FUNDAMENTAL BIAS: .WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO TECHNICAL BIAS: .THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE PRICE ENTRY ZONE: .TWO DEMANDS ZONES LOCATED AT THE LOW OF THE SUPPLY AND DEMAND CURVE .THE FIRST ZONE IS AT 61.8 FIBONACCI RETRACEMENT .THE SECOND ZONE IS LOCATED AT THE BASE OF THE LAST BULLISH IMPULSE WAVE WARNING: .THE PRICE DIDN'T CREATED A HIGHER HIGH .THE PRICE NEVER BROKE OUT OF HIS BEARISH CHANNEL .PRICE ONLY RETRACED TO THE 50% RETRACEMENT FIBONACCI FROM LAST DAILY TIMEFRAME IMPULSE THIS COULD BE A NICE SETUP, BUT IT WOULDN'T BE AN A+ SETUP. I WILL LIKELY WAIT FOR THE CREATION OF A HIGHER HIGH BEFORE TAKING THIS TRADE. CORBEAU
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by Corbeau_FX
CADJPY | END OF CONSOLIDATION |BULLISH IMPULSE ON THE WAY ?LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE BUY AT THAT ZONE THAT ORIGINATED THE BULLISH IMPULSE, WITH A TP AT 81.000. **HOWEVER, IT COULD ALSO BE A BULLISH TRAP, WHERE THE PRICE PUSH THROUGH LAST WEEK HIGH TO INDUCE BUYERS AND TAKE OUT LIQUIDITY. BE AWARE** NICE TRADING WEEK TO Y'ALL PREVIOUS WEEK IDEA:
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by Corbeau_FX
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
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by Corbeau_FX
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