Tshepo_mak

Tshepo_mak

The Canadian dollar is strengthening against the Japanese yen, fueled by rising oil prices. As a major oil exporter, Canada benefits from the current bullish trend in the oil market, while Japan, a major importer, faces higher costs. This positive correlation between oil and CADJPY is evident in the recent price action. A double bottom pattern has been broken,...

Tshepo_mak

Oil's technical picture is looking increasingly bullish. A recent bounce off a key support level has formed a compelling inverted head-and-shoulders pattern on lower timeframes. This classic reversal signal, combined with a series of higher highs in recent weeks, points to a strong uptrend in progress. According to my Elliott Wave analysis, we are currently in the...

Tshepo_mak

Impulsive Elliot wave has been completed. Ready to form a corrective wave downwards. Good luck!

Tshepo_mak

I saw an impulse and a correction on 1H. I'm expecting to see one more impulse move to the upside. Price is currently on 50% fibonacci.(22:00 GMT +2)

Tshepo_mak

We saw a double top on H4 and price came back to test the neckline which is also a nice resistance. Wait for a clear move to the downside before entering the swing.

Tshepo_mak

Top down analysis from the Monthly timeframe indicates that EurUsd is definitely going up in the long run. Wait for the retest and the rejection before buying on H4. Use a small lot size and hold. Good luck.

Tshepo_mak

Price broke below the 1.32805 level and it is currently touching the daily trendline. A good entry will be after price breaks below the daily trendline and retests on the H4 timeframe. Good luck

Tshepo_mak

H4 Double bottom and an elliot wave setup

Tshepo_mak

For a clean entry, you can wait for the retest and then buy. Good luck $15 for weekly setups. HMU

Tshepo_mak

Could we see a final push to the support before a rally to 1797.00?

Tshepo_mak

Wait for a rejection of the resistance line. Good luck! Remember to use proper risk management.

Tshepo_mak

I began by looking for support and resistance areas and plotted two trendlines which highlighted a nice elliot wave setup on the daily timeframe. I then went down to the 4 hour chart and spotted another wave which corresponded with the daily wave. This, combined with the price's position on the weekly support zone, W chart pattern on the hourly chart, SCREAM for a buy.