


PHOMOLO9999
Since the dollar is weak i will be looking to sell the pair. FOMC was bearish on the DXY good luck traders..
Just an update on the pair...Looks like price is respecting our HL area hopefully preparing to break the LL areas..Currently have positions open on those levels (Trade 3)
So am still bearish on the pair based on the analysis price has given us a sell level on H4, givin formation of a double top...The correction market nature is coming to an end and sellers and coming in anytime next week...so make sure you get your confluence right before taking those sell trade. Confidence is not “I will profit on this trade.” Confidence is “I...
So here we are looking at price and we see that price formed a bull flag after a nice bull rally last week...currently am still bullish on the pair price for me is creating a continuation pattern and am waiting for the buyers to start pushing in...
After we witnessed price forming that INVERSE H&S and breaking out the descending channel we are now waiting for price to re-test the neckline which we have already identified then continue to push to the upside..
As we can see that price broke the trendline and eventually came back and retested or created a new high..We were able to scale in by adding more positions on the USDCAD
As we anticipated that the price should be bearish anytime soon and the H4 TF gave us a go ahead on the sells and now we are in deep profits still holding to reach the target levels.
Looking for any buy opportunities since price is breaking out the bearish channel and the inverse h&s we are sure that eventually price will push to the upside..
Using Price Action Analysis am looking to sell the USDCAD chart and am waiting for the H4 TF to give a go ahead then we will be selling the pair.. Possible swing trade on the bears for the next months will be looking on how the NFP goes then after we will start entring them trades
Looking for the pair price to drop and break the support levels and the low.. On my side already in the trade running in profits. I will be holding and wait for the rake profits to trigger. On Thursday its CPI event already we see that it will also be bearish and push price further to the downside.
We should expect the lows to break during the NFP. Analysis are made and during London we were able to catch the sell entry levels.
As we have discussed for the past couple of weeks that the XAUUSD is bearish and unstoppable Price is breaking the Major Support level that we did say that it will eventually break and now all we have to do is to keep on holding the sell positions that we opened on the these pair.
As we have discussed earlier on during the opening of NYSE that we looking for the pair to break the resistance level. bulls are in control
As we witness price breaking the highs of the resistance level during NYS. we are just going to keep on holding those buy positions properbly till the high is fully breaks.
On USDCAD am waiting for the the highs to break if not i will just sit on my hand and have no open trade as yet and i will want to see if price can create a new low for us to take does buy trades.
So price just hit the first take profit on the support area after the break out of the support trendline and we are waiting for the new high to form then we will take it from there if ever price does not break the support area these week. so far so good.
Looking from the higher timeframe we see gold selling really hard and breaking the support trendline though I would like to see a retest after the breakout of the Support Trendline...Inside the ascending channel we also witnessed a H&S support trendline acting as a neckline on the head and shoulders.
Price breaking nicely to the upside creating new high levels. Bearish channel breakouts waiting on the CPI event to occur then we will see what happens.