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Technical-analysis

NZDCAD in a critical zoneNZDCAD is now testing a resistance zone at 0.87800 which it has failed to break multiple times. Bears can look to short the pair now, with a stop loss a few pips above the resistance zone, targeting the local demand zone at 0.87100. Beyond that, targets may be placed further down if the local demand zone and supportive trendline fails to hold. There has been a lot of bullish pressure today, which may be what is needed to finally break the resistance zone. Entering a long position on a break and retest would be a safer alternative for the bulls. Please share your thoughts in the comments below and leave a like. Be sure to follow me for more ideas and analyses. Best of luck traders! *THIS IS NOT INVESTMENT ADVICE AND IS NOT IN ANY WAY INTENDED TO BE SUCH. THIS IS MERELY MY VIEWS ON THE MARKET AND IS FOR EDUCATIONAL PURPOSES ONLY. ANY POSITIONS OPENED ARE AT YOUR OWN DISCRETION AND AT YOUR OWN RISK*
by sharaafatm
Bullish P-Wave forming on BTCUSD Daily TF?If I discount the tops at 10k+ as false hopes driven rallies not supported by much (see volume signatures on those days) ... this looks like a classic P-Wave forming to me, with a statistical probability of breaking to the upside. What do you think? Please lmk in the comments below! :) If it drops below 9.150 .. seems like a good place to ladder in shorts on low lev. with tight stops to the upside. if it drops below 8.8 ... ladder in more. if it snaps down and up ... that seems bullish enough to me if it is quick enough and bounces above 9.5k, at which point 9.8 - 10k seems (once again) like the next logical test to the upside. And if it breaks that ... 10.5k seems like the next resistance level on the horizontals. either way, i expect some fireworks this week, even in the next few days or less. happy trading! ps: Thoughts? Please lmk in the comments below! :)
COINBASE:BTCUSDLong
by stepstones
2
Scalping opportunity on the 1m/3m/5m timeframes .....Those that like to scalp or want to learn can using our strategy. Its very clear to see how to follow price as shown - also our members can test using our strategy tester and hone in on the settings and parameters even further. However, this video is just showing standard settings. Either follow price or use the labels for SL and TP targets. Part close at TP2 and leave TP3 until the reverse signal or SL to entry, could work too. Lots of different ways to manage the position once you are in - even taking 15 pips a time would have worked a treat. Regards Darren Blue FX
Education
by pow_removetheguesswork
4
USDCAD This pair is currently pushing down very strongly on the daily chart. But, it is coming into an area that I consider to be the Weekly Support Zone. This is an area that the USDCAD has tested multiple times in the past as support and resistance and is possibly an area that we could see a nice bullish bounce out of this market. For that reason, I will be waiting for price to come into this area for possible long trades. My short term outlook will be to short this pair towards the Weekly Support Zone. I'll be looking for possible entries on the 1HR, 4HR Charts. Weekly Support Zone(Grey Area) = (1.31837-1.32572)
by Deensesay
GBPUSD | WILL GO UP FOR 100+ PIPS CHECK THIS OUTPLEASE SUPPORT THE IDEA BY SMASHING LIKE AND GIVING A COMMENT <3 Hello Forex Trading Lions! PLEASE ENJOY THE FREE IDEA! Today we are having a look at GBPUSD broke area of sensitivity, had a pullback now trending upwards. USD Weak data will help this uptrend continue, might have a bigger pullback, but overall trend is going up. Its also respecting the moving averages which shows bullish pressure. Follow & Check Out My Profile! PEACE <3
Long
by FX-TradingLions