USD/CAD and potential BUYHey tradomaniacs,
USD/CAD is is still in an uptrend and shows a nice clean structure with bullish signs.
After the end of the previous correction of the breakout shown in the bigger timefrane we might see another rally to the upside after the retest of the primary trendline and the instant buy-pressure we`ve seen.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
Keylevels
USDCAD Weekly Forecast for 20th-24th July 2020 Key levels for week ahead
1.35
1.3730
1.3865
- Overall market is in bullish structure but due to choppy market (potentially nice consolidation for continuation) will just let market breathe and show clearer signal for new entries.
- If DXY analysis goes as planned this pair should do as well.
Key Level My bias on EJ is bearish, after a huge rejection on the weekly time frame on the Grey highlighted structure, jumping down to the daily TF we had price unable to break the Grey for 4 straight days of trying, and on the last closing day price broke below, on the H4 TF we can see price has made a LL, and we can see push to to upside, my highlighted Zones, are areas of retest before further move to the downside. Compare with your setups. Have a great trading week ahead... Cheers
Waiting On Bullish Confirmation Or Continued Short SignalThis pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears.
If it decides to shoot up sooner than later, that means a pullback is complete.
So I am waiting it out until it hits a zone to determine the next trade.
Here are your TPs:
BULL
• 1.24148
• 1.25035
• 1.26229
BEAR
• 1.23033
• 1.22306
• 1.21150
Great level for reversal position on EUR/USDThe demand below seems like a great level for intraday reversal position,
For now, the price seems bearish and the demand below is a great demand to buy EUR/USD.
This position is considering an intraday position, I'll buy this demand on the first touch of the price.
DXY could go UPHey tradomaniacs,
looks like DXY is breaking out finally.
If the retest confirmes this breakout we can short EUR/USD as its showing an S/H/S-Pattern.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EUR/JPY - 30 MIN - WAITING FOR BREAKOUTEJ has been consolidating for a few hours.
Waiting for the BREAKOUT in either direction.
R:R could be 3:1 if the breakout is BUY biased or 2:1 for SELL bias.
Blue lines are levels of Support & Resistance from the 4 Hour time frame.
If HOURLY candle closes above the zone then I will BUY & if it closes below the zone then I will SELL.
Key Levels for Intraday positionsAs we can see on the chart, I marked up 2 critical levels for intraday positions on EUR/USD.
It seems the price on his way to reach the supply above,
If the price touch the demand below before reaching the supply above I'll buy at this demand level and the supply above will be the target.
If the price reach first the supply above I'll sell there and the demand below will be the target.
Both opportunities are for intraday Forex traders.
Will GBP/JPY finally drop?Hey tradomanics,
technically we see a very nice entry for a GBP/JPY sell here. AS the fundamental situation is still very mixed it is obviously very risky to trade a long on DXY and JXY since risk-on-sentiment is causing trouble for both currencies.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
Very likley Sell But Neutral SignalI have instructions for both direction of price hover over the anchor for the exact signal.
Waiting for price to Break on 1 hour
Retest on at very least 1hr
2 consecutive 15 minute candles in the intended direction
if Sell
EP 135.840
SL 136.384
TP1 135.090
TP2 134.232
TP3 132.913
Overall projected 600 pip move to TP5
if Buy
EP 137.218
SL 136.689
TP 1 137.701
TP2 138.380
0.01 per $100 You are risking 5 dollars for each postion
Intraday Key Levels for GBP/USDThese are the next critical key levels to look for intraday positions on GBP/USD.
As we can see the price is bullish at the moment and it seems the price on its way to reaching the supply above.
The demand below seems like a great continuation level for a buy position and if the price retrace that demand I'll buy there.
The supply above is a great level for sell position as a reversal position.
S&P 500 Hello Trader's — Opportunity Verified
S&P 500
Short ( Down limit " 3130
Take Profit " 3030 / 2930
Stop loss " 3195
Risk : Reward 1 : 3.2
- ( Dead Zone )
—————
Risk 2.5 % : 5 %
Account Growth Expecting " 5 % : 15 %
Risk : Reward 1 : 3
Expecting Next Movement as Short Entry
1) Retest
2) Volume Confirmation
3) Hidden Fibo Expansion
4) Pattern ( Trend + inner ) + 2 Upper line Channel
5) Key level + 78.6 %
6) Volume Profile - Confirmation
Risk 5 % —
Risk : Reward 1 : 3
Every Tp = 5 % Account Growth
last TP = 15 % Account Growth
Stop loss = - 5 %
I wish everyone success - and Good luck
USDCAD BuysKangaroo tail 4h bar
Looks like big rejection of that level and lower prices buyers took back control and I am forecasting a usd rally from this point
Potentially midweek reversal
Also shot up from key demand zone, waiting for retracement or price action on lower time frame to align then longs are on
probably up until it retests the broken level then from there we will see
Waiting for reversal opportunityAfter this significant uptrend, I preferred to wait for a reversal signal.
I'll wait for the price to break out the demand below and if that happened I'll look for a price action setup to sell the USOIL.
The target for this position will be demand 2 at the bottom.
This position is relevant for intraday traders
$BTCUSD Important levels for maintaining bullish momentumBefore we get into this idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
Since the strong decline between the 8th and the 12th of March, COINBASE:BTCUSD has been recovering in a healthy fashion. Drops like the one last week look bad temporarily but are swiftly erased by new gains. For COINBASE:BTCUSD to maintain this momentum, there are a few key levels that need to be broken.
Before the drop in March, COINBASE:BTCUSD was able to break through the psychological $10,000 barrier, but failed to break through the $10,400 range. This failure was followed by a battle for the $10,000 level which the bears eventually won, driving price down to the lowest key resistance range, between $8,500 and $8,300. See image below for more.
After failing to find support at those levels, the March drop took place, taking us to the start of the upwards trend COINBASE:BTCUSD is currently in.
On the way back up, the $8800 level that previously acted as weak support turned into resistance and was broken rather easily. Since then we've seen price action re-attempt the $10,000 level. After failing, price retraced back to the support area between $8,500 & $8,300 before starting this new climb to the $10,000 range.
Zooming out on the weekly timeframe, weekly support & resistance is around 9500, and has been respected on the daily as well.
SUMMARY:
Daily resistances $10,000 & $10,400 need to be broken for further gains. Failure to do so would result in retrace to the $8,800 - $8,300 support area, potentially further.
Recommend longing when price breaks and successfully retests $10,400.
Once again, please do your own research. Best of luck.
- Jelle
Higher Low Possibly Getting Ready To FormGA is hovering over the daily SR zone, but it looks like it may getting ready to do a higher low before continuing on a new uptrend. With the big nosedive it took, not sure how high it can go. But I'm gonna enjoy the ride either way.
BEAR TPS:
• 1.94116
• 1.93353
• 1.92369 (where I believe the higher low will complete for continuation)
• 1.91329
BULL TPS:
• 1.95087
• 1.96401
• 1.98068
Correction DueYou missed a helluva move last week with this pair if you weren't paying attention. So this week, we're trading the possible retracement for continuation. It depends on what the market feels like. Right now, it appears this will continue bullish after a correction.
BULL TPS:
• 1.54878
• 1.56354
• 1.58161
BEAR TPS:
• 1.53960
• 1.52947 (zone where retracement will possibly end for continuation)
• 1.52140
• 1.50998