looking for this to go lower this morning just due to the te chnicals
this is the right chart, looking for this area, watching to see what happens here.
I discussed CADJPY in Sunday's Forex Weekly Outlook video, and we are close to taking out that target.
Watch these levels, the closure of this 8 hour will be important. If bulls want control now is the time to step in and show us.
As we know weekly closes are vital, we will not have a direction until we close higher than the retest line, or lower. I will be watching to see if the rest of the week retraces. If it does I will be looking for my target to be reached, if not, then i will be looking for short opportunities next week.
So in this session the dollar is struggling with a bit of resistance. If we close the weekly here or lower, will be good for EURUSD longs.
Bitcoin has tested the daily 21 ema. Also closed 8 hour below the 34787.88 level i was watching. So the next area im watching is 32020.22 for an 8 hour closure and the daily close around the 21 ema. So an important daily close on its way
i do believe we will be hitting this target this week, that target is 127.504
this is my profit target on this pair for next week, I assumed it would have happened today but with the miss on the high impact cad news, it was not. But with all that said, this is my target for next week.
It will be interesting to say the least to see if the King can hold these levels. As of right now it is showing signs of reload buyers. As it has broken out to all time highs, it is important to remember that when looking for these levels to renter longs you must remain vigilant as to the fact that you are indeed buying at highs.
watch these levels, follow the arrows
Im watching this pair close. We have come to last months high, which is also a strong area of resistance. However price has slowly been rising toward breaking this resistance. Obviously nobody knows what price will do but with that said it can give us a probable trade set up. Since its a strong resistance i dont see the pair just blowing through it, seeing how...
There are more than 1 confluence on this pair today, i took a scalp long but i am thinking of holding for a swing. The 50 ema , a horizontal support and an ascending trend line all on the daily, on the 4 hour rsi bullish divergence.
pull back to fib level or supply zone for further drop down