a short idea on USDCAD. althought it tried to act up last week and got so close to my stoploss. Well, i still have high hopes for this move in this new week. lets see how it goes.
Been watching this for about a week and tbh, everything is looking too good to be true. Fibonacci holding up, moving average 200 in the right place, rsi ain't acting up with a divergence on D1. its an ideal trade. a few more confirmations and we good to go.
I remember analyzing this trade 50 days ago, 13th April to be exact (you can check my page if you don't believe). already went short on this once, (about 3 weeks back) hoping to go short again this week after that correction. hoping for the same positive result. fingers crossed
We got ourselves a clean looking penant. Can we also get a clean looking impulse out of $10,000?
Word of advice, keep tabs on btc. (personal advice, buy limit at $9000)
Now this is not an analysis for this week. This is something to store in your watch list for the coming weeks, maybe even for the end of June.
price is approaching a sensitive zone. now, don't sell right away, just keep an eye on it for now. (also don't be a trapped buyer)
Now this is a pair i will be watching for the coming weeks. NZDJPY has been falling since the beggining of 2020 and it looks like its trying to make a little recoveery, forming a higher low (1) followed by a higher high (2), (also look at my moving average trying to cross).
But i am not gonna buy this pair just yet. ill first wait for a pullback then go long once...
It appears that AUDUSD is enjoying this newly found uptrend, and might go for it again.
The market will most likely make a push downwards up to that support zone, which is in confluence with the 61.8% Fibonacci level.
That will be a good place to look for confirmations to enter the trade
well definitely, no currency pair can fall forever. a reversal is always eminent. Not saying you should take an hasty decisions just yet, Just keep it in mind and who knows, maybe you could bag in a hundreds of pips.
Earlier today, going long on EU didn't look like a great idea (mostly because that consolidation didn't look like a flag to me) but at this point, a long looks like the most reasonable thing to do. Nice Fib level too, but ill advice to wait for further confirmations before entering (let your trading strategy decide that). cheers!
Possibility of a downward break of that consolidation. If it happens, that move down will start to prepare us for the LONG i talked about on Sunday (check previous posts). Remember wait for further confirmation
I love my Fibs more than anything, and one things is they don't disappoint so often. so could they be right again, could we see a possible break lower? what do you think?
For those of you that are into day trading ranges, this might interest you.
Note; this trade will only be valid after a downward break and retest of that support line.
(Time frame, H1)
This pair has had a nice bullish pressure for a few days now, and its a good idea to continue in this bullish trend.
On H1 time frame we have a nice looking flag to support this long movement. Although, its a good idea to wait for the flag to break before entering the trade (I've had my fair share of bad luck entering trades aggressively), good luck!
