USD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/CAD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bullish but due to the 2 huge bearish candles I am divided opinion. There was also a LH formed as well as a possible LL.
Weekly: On the weekly timeframe, we see because of the huge bearish candles that we are bearish. The price reacts perfect to the weekly RES and its possible that the price can't close above the resistance.
Daily: On daily we see a beautiful downtrend with a little bullish pullback and look for short entrys
H4: After the touch from the weekly RES we expect a push to the downside. As well we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
Swingtrader
EUR/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
Daily: On the daily timeframe we see the trend is very beautiful bearish.
H4: H4 is bearish too with a little bullish pullback
H1: On the H1 timeframe we see the strong bullish pullback in more detail and search for short entrys.
M15: Here we draw the counter trendline and wait for a confirmed breakout.
Have a nice day.
ETH/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair ETH/USD
Lets start with the Top Down Analysis.
Monthly: The last months have been bullish with increasing size
Weekly: On the weekly timeframe we see bullish momentum with a little pullback to the trendline we have drawn.
Daily: On daily we see the pullback more exactly but i think that the trendline acting as support will give some momentum to the
upside.
H1: On the H1 timeframe we draw the counter trendline and think that the price pushes to the highs.
Have a nice day.
XRP/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair XRP/USD.
Lets start with the Top Down Analysis.
Weekly: Weekly is bearish with a huge bearish candle in the past weeks. On this timeframe we also find the strong weekly support
Daily: On the daily timeframe we see bearish momentum.
H4: On H4 we draw the trendline and expect a fall to the lows.
Have a nice day.
CHF/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair CHF/JPY.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we see bearish momentum.
Weekly: There is a huge bearish candle after the long bullish pullback. We are bearish from now on.
Daily: I think the price will break the inner counter trendline and react to the outer counter trendline. As a result, he will retrace himself from the outer counter trendline and then he will break through the outer counter trend line.
AUD/NZD Trade IdeaHello and welcome to my Trade Idea of the currency pair AUD/NZD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish .
Weekly: Weekly is bearish too with a beautiful and clear downtrend.
Daily: On daily the price consolidates a little bit. We look for short entrys.
H4: On the H4 timeframe i draw the support and resistance zones. We expect a push to the downside who make new lows.
Have a nice day.
EUR/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/USD.
Lets start with the Top Down Analysis.
H4: On the H4 timeframe we see that there is a nice downtrend. The view is bearish.
H1: H1 is bearish too.
30m: On the 30m timeframe we see the pennant formation, and look for short entrys.
Have a nice day.
AUDUSD Long opportunity FocusedFortuneFXX marks the spot for entry, on a larger degree descending channel, we can look for current price action structure to break the smaller degree ascending channel and head for 0.70500 target swing area, this would require patience. If we see a negative USD we could get the surge to the upside quicker than expected. Boxed areas are significant zones, trendlines atill intact and respected.
make sure your risk is always in tact!
EURAUD short idea Focused Fortune FXAs we sail to key levels we can see price is likely to continue following the trend on euraud to the downside. Right now the difficulty is that today, we see a weak aussie dollar but we can look for the strength to come back as technical is suggesting all sell signals, at least against the euro which we can may be expect some weak news. Although the longer term picture still suggesting a sell off near a key level like the current.
Dollar Index Perspective Focused Fortune FXHere we have used fan trendlines to try grasp a better understanding of where their may be a significant zone for the dollar, as we can see above the current price is some previous highs in 98.50 range, which we seen price struggled to break. from here what we could look at is a negative for the dollar just before the interest rate decision on tuesday where i could see a pump in the dollar with an expected decision. (Fundamental Study)
here we can see that the dollar is reaching an important level where looking at price action we can see which could be considered two high wicks on the peak of 97. level, todays a make or break for the dollar, today we could see 95s/96 or even 99. Every one has been prolonging an expected move. I like to try think of the unexpected as the market tends to look for shocks with huge data.
- key fib level
-price action looking good thus far
-nice bounce and respect of previous confluence areas!
Trade would carry alot of risk today, so trade responsibly.
USDCAD Long Term Downside SetupUSDCAD Weekly chart gives us an indication of overall price momentum to the downside as price has retested the weekly resistance zone of 1.35200.
Overall a break in upwards channel from
1.34150 has seen USDCAD sustain its shorts over the last 3weeks.
After a break - Price will usually form a pullback/consolidation zone. Perfect for re-entries.
A Weekly Pullback from Support Zone of 1.30200 has encountered yet another wall of weekly resistance of 1.31500.
Weekly Depicted Below
Daily Chart gives us a bearish flag continuation pattern with ideal swing target set at 1.25000
See below D1
Down to the 4HR Chart, a huge range of consolidation confirms our higher time frame bias on going short on USDCAD Overall .
It is important to note that the only driver of higher CAD prices could indeed be fundamental news/ lower OIL prices.
Fundamentally CAD sees itself losing steam gained against the USD as FED may hold true of cutting rates.
AUD/JPY Trade Idea Hello and welcome to my Trade Idea of the currency pair AUD/JPY .
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish.
Weekly: Weekly is in a beautiful downtrend too.
Daily: On the the daily timeframe we see a little pullback and look for short entrys.
H4: On H4 we see the counter trendline and a clear break.
Have a nice day.
GBP/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair GBP/USD.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we can see that the price is in a beautiful downtrend.
Weekly: On weekly we see that, the price is at the monthly support. Which can lead to a strong bullish movement. I expect that the price bounce off from the H4 resistance and fall down after that.
Have a nice day.
EUR/AUD Trade IdeaHello and welcome to my Trade Idea of the currency pair EUR/AUD.
Lets start with the Top Down Analysis.
Monthly: Monthly is in a beautiful uptrend.
Weekly: Weekly is very bullish too with many H.H (Higher Highs) and H.L (Higher Lows).
Daily: On the daily timeframe we see the upside trendline and a possible push to the highs.
Have a nice day.
BTC/USD Trade Idea Hello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: Monthly is bullish with candles who getting bigger and bigger.
Weekly: On weekly is a nice uptrend.
Daily: On daily we see a little consolidation but potential for bullish momentum.
H4: On the H4 timeframe we see a trendline that could become interesting in the future. We also see a possible inverse head and shoulders pattern.
Have a nice day.
EUR/GBP Trade Idea Hello and welcome to my Trade Idea of the currency pair EUR/GBP.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we see a resistance zone with a good reacting about that. At the second touch on it a bearish engulfing occur. Now at the third touch (Triple top) i think it's a possible L.H.
Weekly: On weekly we see overall bearish momentum with a pullback the last weeks, and we spot a trendline.
Have a nice day.
NZD/USD Trade Idea Hello and welcome to my Trade Idea of the currency pair NZD/USD.
Lets start with the Top Down Analysis.
We wait a long time for this trade.
Monthly: Monthly is bearish.
Weekly: On the weekly timeframe we see 3 L.H one L.L and one H.L.
Daily: Daily shows a trendline and now the price is under the MONTHLY RES so we see downside momentum.
Have a nice day.
NZD/JPY Trade Idea Hello and welcome to my Trade Idea of the currency pair NZD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish with big filled candles.
Weekly: On the weekly timeframe we see bearish momentum.
Daily: On daily we see the strong trendline, and a little pullback so we expect to see the price fall to the lows
H4: On the H4 timeframe, the price made a bearish engulfing formation based on the trendline.
Have a nice day.
NZD/CAD Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/CAD.
Lets start with the Top Down Analysis.
Monthly: On the monthly timeframe we see bearish momentum.
Weekly: Weekly is in a very strong downtrend in the last weeks.
Daily: On daily we draw the trendline where we expect that the price made new lows. It could be a very nice trade.
Have a nice day.
USD/JPY Trade IdeaHello and welcome to my Trade Idea of the currency pair USD/JPY.
Lets start with the Top Down Analysis.
Monthly: Monthly is ranging. But in the last few months, some huge bearish candles have been recorded.
Weekly: On the weekly timeframe we see a bearish momentum.
Daily: Daily is bearish too but we can see a small pullback after the long downtrend.
H4: On the H4 timeframe we draw our counter trendline, and expect that the price forms new lows.
Have a nice day.
NZD/CHF Trade IdeaHello and welcome to my Trade Idea of the currency pair NZD/CHF.
Lets start with the Top Down Analysis.
Monthly: Monthly is bearish although he has recovered the last 2 months.
Weekly: Weekly was in a long downtrend but now he has been in a pullback for 4 weeks. And our target is small anyway and with in the pullback.
Daily: If we're not zoom out too far, daily has been bullish for a while now.
H4: On the H4 timeframe we see a counter trendline and expect a little push from 50 pips.
Have a nice day.
BTC/USD Trade IdeaHello and welcome to my Trade Idea of the currency pair BTC/USD.
Lets start with the Top Down Analysis.
Monthly: In the last months we were bullish on the way and that with very big candles. The first view is bullish.
Weekly: Weekly gives us more information that the trend is very bullish and the buyers have the upper hand.
Daily: On daily we see a Pennant formation where we expect the price breaks to the upside
Have a nice day.