Muchangi

Muchangi

The chart above is a photographic reference to the Xauusd idea posted .Analysis on the 1H chart.

Muchangi

First I take note of my OHlC levels with today's Open being 2639, our High at 2649 and Low at 2625 respectively. Given today's bearish trend there's a bearish FVG on the Hourly chart which also serves as the point where price broke a leg lower today. With that being put across ,I'm looking to trade lower during NY or retest London's low with my sell limit placed...

Muchangi

We have pending news on the Canadian Dollar today which have my interests turned towards USDCAD. I'll be on the lookout for a buy if the liquidity generated by the volume of traders at the time drags the pair's price to my POI around the 1.36300 . If we indeed get there I'll wait for confirmation if bulls will take over. It's all in adi patience.wagwan.

Muchangi

The current price is hovering around the hourly support at 183.400.Based off price action I expect a correction to the 185.000 zone. Let's wait and see whether we can get that buy.

Muchangi

As we can see GBPJPY pair is trading along a bullish channel .For the past week ,the bears had control. For the coming week we should see further drop till the support zone along the trend line then it should swing back...i expect this pair to be bullish.

Muchangi

Description in the done in the chart. This is study case.

Muchangi

USDCAD has had a bearish trend for long and seeing the Reversed Head and Shoulder pattern shows a change of trend to Bullish. Therefore we are looking to go long on this pair.