In February, price has shown a large rejection at 1.48000 phycology level. The last time we see price at this level was in March 1, 2000. We see this on the monthly time frame.. We also see some sort of bearish retracement to 61.8% Fibonacci level. If this level holds on weekly that means a new bearish move have started for USDCAD and this will be the first...
Top down analysis for eurusd.. long time price has clearly shown a bullish structure, that is an inverse head and structure.. buyers need to wait for price to make a 50-61.8 fib retracement to continue in the uptrend
bullish move loading for UJ..1:6 Trade setup. but until we see a shift in momentum and observe bullish price action around present psychological level, we wouldn't be going for a buy.
AUDNZD might be heading up soon. price is at a bullish order block
price is still bullish on EURUSD. and it is respecting a key level we can identify on the chart.. it price respect this zone, this means will be going long.. we have a 200 pips potential move for this pair. RR:9
Sells on usoil on the daily time frame.. we see price respecting the trendline and making some sell candle stick. price may likely be heading to the downside soon.
price is still bullish on the highet time for USDCAD.
From my Top Down Analysis, USDCAD presented us with shorting opportunities for this week.
it is quite obvious that USDCAD is still in an uptrend. i see the correction ending on H4 and the news event for tomorrow friday might possible push price up to a new high..
Currently on the weekly Time frame, USOIL seems to show a clear retest of a neck line of the M structure. if this region hold, we can be looking at a 9000 pips drop in the price of oil. This will mean we might be expecting a weak Canadian Dollar as this pair correlate positively with it.
I explained earlier this week that i will be looking out for selling opportunitues on CADJPY. i saw a beautiful opportunities and i jumped into it
CADJPY has been bullish on the monthly timeframe. ALthough, price seems to have gotten to a key resistance level and has closed last month witha good reversal candle stick (hammer). i will be looking out for selling opportunities on the lower time frame from now till the end of the year.
pounds dollars have been bearish. we saw something like a pull back last week. with some beautiful sell confirmation, i will be shorting this pair for 900 pips as final take profit.