EURCAD: Bullish Outlook Explained 🇪🇺🇨🇦
EURCAD is trading in a bullish trend.
After the price set a new high in July, the market started a correctional movement.
The price perfectly respected 1.45 support.
A strong bullish wave initiated from that and the market managed to violate a local
horizontal resistance.
It will most likely trigger a further bullish continuation.
Next goal - 1.4835
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Swingtrader
USDCAD: Potential Bullish Scenario Explained 🇺🇸🇨🇦
USDCAD is forming an ascending triangle formation on a daily.
1.3224 - 1.3244 is its horizontal neckline.
If the price breaks and closes above that on a daily,
it will be a strong bullish signal.
A bullish continuation will be expected at least to 1.335 then.
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EURJPY Ahead of ECB & BOJ Rate Decision 🇪🇺🇯🇵
EURJPY is trading in a long-term bullish trend.
After the price reached a 158 level, the market retraced to a rising trend line.
The market is approaching the highs again now.
Bullish breakout of the underlined blue area and a daily candle close above that
will be a strong trend-following signal.
A bullish continuation will be expected to 160 level then.
Alternatively, a bearish breakout of a trend line will be a strong bearish signal.
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EURJPY: Your Detailed Trading Plan For Next Week 🇪🇺🇯🇵
EURJPY is trading in a long-term bullish trend.
After it reached 158 level, the market started a correctional movement.
The price retraced to a rising trend line and bounced from that.
The market is retesting the current high now.
If the price breaks and closes above that on a daily,
it will trigger a trend-following movement.
A bullish continuation will be expected to 160.0 level then.
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AUDCHF: Important Breakout & Bearish Continuation 🇦🇺🇨🇭
AUDCHF broke and closed below a major horizontal demand zone on a daily.
The broken structure turned into a resistance.
The market will most likely keep falling.
Next support - 0.575
For entries, consider an occasional retest of a broken structure.
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How To Use Time Frame Combination For Swing Trading OANDA:NZDUSD
OANDA:EURUSD
Hello Traders,
This video will show you how to use time frames and combine them for swing trading from a higher time frame to a lower time frame.
I use recent NZDUSD and EURUSD move to frame swing trade opportunities from a higher time frame to a lower time frame.
I hope this video helps you.
Don't forget to give me a like and a follow for future updates.
If there is anything you want me to cover, drop a comment on it.
EURCAD: Important Breakout & Bullish Continuation 🇪🇺🇨🇦
After a bullish accumulation, EURCAD broke and closed above a wide horizontal supply cluster on a daily.
The broken structure turned into a demand zone.
I believe that the pair will go higher.
Next resistance - 1.463
For entries, consider the occasional retest of a broken structure.
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GBPCAD: Waiting For Breakout 🇬🇧🇨🇦
It looks like GBPCAD is preparing for a bullish movement.
Analyzing the 4H time frame, I spotted a bullish flag pattern
and a confrimed breakout of its upper boundary.
The last obstacle for the buyers is the 1.6825 - 1.6850 resistance on a daily.
If bulls break and close above that, it will be an important bullish clue.
A bullish continuation will follow then at least to 1.692
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USDJPY: Bullish Accumulation & Trading Plan 🇺🇸🇯🇵
USDJPY is stuck on a key horizontal daily resistance.
The price is currently trading within a narrow range.
Because the current trend is bullish, I am looking for trend-following opportunities.
To buy with a confirmation, wait for a bullish breakout of 142.0 - 142.45 area.
Daily candle close above will confirm the violation.
A bullish continuation will be expected then at least to 143.5
Alternatively, a bearish breakout of the support of the range may trigger
a correctional movement.
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AUDCAD: Classic Bearish Reversal Explained🇦🇺🇨🇦
AUDCAD reached a solid horizontal resistance last week.
The market was steadily growing within a rising wedge pattern.
After the test of structure, a bearish move initiated and the pair managed to close below the support of the wedge.
Because the pair is trading in a global bearish trend, the violation may trigger a trend-following movement.
Goals: 0.901 / 0.895
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USD JPY - Fresh demand, or await the removal of supplyG'day,
Master Key for zones
Red = Three Month
Blue = Monthly
Purple = weekly
Pink = Three, Four Day
Orange = Daily
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence as criteria varies to suit the individual.
Below are some of the take aways from the video without log bands and with. This is a high level explanation, so the language used is to provide a blanket cover.
Daily Chart
Weekly zone
Fresh demand for longs
Monthly Chart
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USDCHF: Bearish Outlook Explained 🇺🇸🇨🇭
USDCHF is trading in a bearish trend since October 2022.
Reaching 0.88 level, the market set a new lower low and started a correctional movement.
The price started to steadily grow within a bearish flag pattern.
At the end of May, a solid horizontal supply area was reached. The market started to consolidate on that.
A bearish movement initiated then. The market broke and closed below a support line of a flag.
I believe that it is the sign of strength of the sellers and a bearish wave will initiate soon.
For entries, consider an occasional retest of a broken support of the flag.
Goals: 0.896 / 0.89
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GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.
The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.
Next resistance - 1.263
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EURUSD I Weekly forecast and swing trade opportunityWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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AUDUSD: Bearish Wave Confirmed 🇦🇺🇺🇸
AUDUSD is trading in a bearish trend on a daily.
After the first bearish impulse, the market was consolidating for quite a long period of time
within a horizontal trading range.
The support of the range was finally broken this week.
It is an important sign of strength of the sellers.
The pair will most likely keep falling.
Goals will be: 0.64 / 0.63
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