EURCAD: My Plan to Sell 🇪🇺🇨🇦
EURCAD is trading on a key horizontal resistance.
To short the pair with a confirmation, watch a descending triangle formation on 1H time frame.
If the price breaks its neckline, that will give us a trigger to short.
To confirm the violation, we will need an hourly candle close below 1.4607.
A bearish continuation will be expected to 1.4579 / 1.4555
❤️Please, support my work with like, thank you!❤️
Priceactionstrategy
USDCHF: Your Detailed Trading Plan 🇺🇸🇨🇭
USDCHF pair is trading in a minor bullish trend.
The price sets higher lows, perfectly respecting a rising trend line on 4H.
The market is approaching the trend line at the moment,
To confirm one more bullish move from that, watch an inverted h&s pattern on 1H time frame.
Our trigger will be a bullish breakout of 0.8998 level - the neckline of the pattern.
The breakout will be confirmed with an hourly candle close above.
A bullish continuation will be expected to 0.9045 then
Alternatively, a bearish breakout of a trend line will trigger a bearish continuation.
❤️Please, support my work with like, thank you!❤️
S&P500 Index (SPY) Pullback From Key Level
S&P500 Index reached a key horizontal support.
The price formed a double bottom, approaching that,
and successfully broke the neckline.
I expect a pullback at least to 4100 with a potential continuation to 4130.
❤️Please, support my work with like, thank you!❤️
EURNZD: Bullish Move From Key Level 🇪🇺🇳🇿
EURNZD reached a key level.
The price was steadily falling within a channel.
After the test of structure, the resistance of the channel was broken,
a double bottom formation was formed then.
I expect a pullback.
Goals: 1.783 / 1.793
❤️Please, support my work with like, thank you!❤️
GBPCAD: Cup & Handle Pattern 🇬🇧🇨🇦
Analyzing a price action on GBPCAD on a daily time frame,
I spotted a perfect example of a Cup & Handle pattern.
The price has already broken and closed above a neckline, confirming the strength of bulls.
I expect a bullish continuation to 1.707 / 1.724
For entries, consider the occasional retest of a broken neckline.
❤️Please, support my work with like, thank you!❤️
AUDCAD: Bullish Reversal Confirmed?! 🇦🇺🇨🇦
AUDCAD reached a very important zone of confluence this week:
we see a perfect match between a key horizontal daily support and 618 retracement of the major bullish impulse.
The price formed a double bottom pattern on that and violated its neckline.
It looks like the market may go higher.
Goals: 0.9118 / 0.92
❤️Please, support my work with like, thank you!❤️
CADJPY: Bearish Move From Key Level 🇨🇦🇯🇵
CADJPY reached a key horizontal daily resistance this week.
Analyzing the reaction of the price to that on intraday time frames,
I spotted a head & shoulders pattern and a rising channel.
The price manage to break both the neckline of h&s and a support line of the channel.
It will most likely trigger a bearish continuation.
Goals will be: 99.59 / 99.1
❤️Please, support my work with like, thank you!❤️
NZDJPY: Bearish Continuation 🇳🇿🇯🇵
NZDJPY has recently reached a major horizontal supply zone on a daily.
The price was coiling on that for many days, forming a horizontal range on 4H time frame.
Its support was broken today.
I believe that sellers will keep pushing the pair.
Targets: 86.6 / 80.77
❤️Please, support my work with like, thank you!❤️
Momentum in canara bankChart shows that stock is near important resistance near 277 and also following a trend line which combine make a ascending triangle pattern breakout above 277 will give target to 279.5 and 282 .
If stock breaks trendline and important support of 273.8 than stock might fall till 271
AUDNZD: Waiting For Breakout 🇦🇺🇳🇿
AUDNZD is trading in a bearish trend.
The price is currently accumulating within a descending triangle formation.
1.067 - 1.069 is its neckline.
If the price breaks and closes below that on a daily, probabilities will be high that the market will drop lower.
Next support will be 1.0627
❤️Please, support my work with like, thank you!❤️
CHFJPY: Classic Bearish Setup 🇨🇭🇯🇵
CHFJPY has nicely respected a confluence zone based on a horizontal 4H resistance and a 0.5 retracement of the last bearish impulse.
The price formed a double top pattern on that and broke its neckline.
Probabilities will be high that the pair will drop lower soon.
Goals: 141.172 / 140.363
❤️Please, support my work with like, thank you!❤️
EURCAD: Time to Grow! 🇪🇺🇨🇦
Update for my Friday's post on EURCAD.
The price has perfectly respected a horizontal key level on a daily:
after a formation of a double bottom pattern on 4H, its neckline was successfully broken.
Now, a bullish continuation is expected.
Targets: 1.469 / 1.4735
❤️Please, support my work with like, thank you!❤️
EURCAD: Top-Down Analysis & Trading Plan 🇪🇺🇨🇦
EURCAD is approaching a peculiar horizontal demand zone.
The price formed a doji candle, testing that on a daily.
Analyzing a 4H, I spotted a double bottom with a higher low.
1.458 - 1.462 is its neckline.
If the price breaks and closes above that on 4H, I will expect a bullish movement.
Goals will be 1.469 / 1.473.
If the price sets a new low though, the setup will become invalid.
❤️Please, support my work with like, thank you!❤️
GBPCAD Potentially Aggressive Sell-Off Coming Massive sell-off expected at the break out of the key level.
We look at multiple time frames, and the pair remains bearish
long term despite this aggressive bullish pullback. We take to
Take into consideration multiple time frames when asses the
probability of a trade and not focus on a single time frame.
ETHUSDTHello dear friends
Ethereum is in an attractive range! Do you think we will lose the $931.72 support area? (exit from the lower side of the triangle)
Or will we lose the $1890.85 resistance area!? (exit from the upper side of the triangle)
It seems that according to the macro conditions, the possibility of exiting from the top is more!
We would be happy to hear your comments
EURCHF: Your Trading Plan For Today 🇪🇺🇨🇭
EURCHF is currently consolidating.
The pair is trading within a wide intraday trading range.
Currently, the price is approaching its lower boundary.
To buy the pair with a confirmation, watch a double bottom pattern.
0.994 - 0.9943 is its neckline.
Wait for an hourly candle close above that,
buy aggressively or on a retest then.
Target will be 0.996
If the price sets a new lower low, the setup will be invalid.
❤️Please, support my work with like, thank you!❤️
AUDNZD: Bearish Outlook Explained 🇦🇺🇳🇿
AUDNZD is testing a wide daily horizontal supply area.
The price formed a double top pattern, approaching that on an hourly time frame
and broke its neckline with a high momentum bearish candle.
I expect a retracement to 1.0848 / 1.0828
❤️Please, support my work with like, thank you!❤️