On the Weekly timeframe, USDCAD is slowly nearing a very interesting area. Watch this carefully, might take 1-3 weeks to reach there. This area has two times before been slightly touched. Jan 2016, REJECTED. March 2020, REJECTED. My dream scenario is a triple tap to this resistance line and immediately followed by a big SELL. This can be traded as a swing trade,...
Beautiful pattern formation. On the D we have a rising wedge crawling to upper area the bearish market structure. Rising wedge usually indicates a breakdown coming
Hello everyone. Since we saw that last big price pump in Bitcoin, market is starging to look like there is an exhaustion in the price. At the moment we are looking at a consolidation area 90k-100K. I have been using this range to buy from the support area 91,500 - 92,500. I have liquidated the profits from these trades at the area between 95,5 - 98K. ...
Here is a travel route forecast. Based on Channels and trendlines
Looking at the W and D timeframes, we could possibly see this setup in the coming week.
The week should start with a pullback that is bound to happen on the W tf. Here is a very likely scenario, looking at chart patterns and technicals
Gold is still Bullish, but is due for a pullback before heading up again. The Weekly TF supports the same idea
Last week finished with a strong Bullish push. Next week should start with a price correction pullback to the downside, and then a continuation of the Bull run breaking through 2400. Rejection point from the pullback should open up opportunity for a nice Swing trade to ride to bullish targets above 2400. (2412, 2426, 2432 and 2448 are key levels above 2400)
Here is an update on last weeks analysis on the EURGBP. Now on the 1D TF. First buy entry almost hitting TP. Next move is to wait for chart pattern to confirm any possibilities for another trade
This is a beautiful pattern that indicates this pair loading for a showt. The weekly TF pattern supports this same idea
The Weekly TF will likely pull price up to around 0.90440 and then reject to the downside, opening an opportunity for a sell.
This is Just about to happen.. SHORT position when rejected from previous structure point
Next week we should see a pullback to retest the MA50/200 levels. At that point the MA lines should be merging with the 50 crossing down the 200. I´m expecting this as the rejection point, pushing price down for a continuing bearish move and opening an opportunity for sells. If this speculation plays out I will be taking a short position on the 1H TF
From my view, EURCAD should be bullish to finish filling up that daily FVG to the top...