chewbbq

chewbbq Updated 

EURCAD to recover after a wickdown fake breakdown of channel, fake breakdown of vwap from 6 Nov 2024 swing low and fake breakdown of support USD longs to retrace gains benefiting eur EUR and CAD were beaten down for the day, time for retrace etc What do yall think?

chewbbq

three white soldiers daily support level 4 hr order block support turned resistance not tested yet S2 lvl etc What do you think?

chewbbq

Upper monthly Bolinger bands are touched and LTF shows some exhaustion in this run up of AUDNZD. NZD is seasonally very strong in November. Possible short of AUDNZD soon? or will AUD rally up to break beyond? Hedging against Trump's reelection may suggest that AUD will weaken in many pairs, and NZD is less sensitive to Trump's policies due to less economic ties...

chewbbq

Is there anything today that can turn the tide of this month-long EURUSD crash? Doesn't seem like it. Breaking this previous support (which is not that strong to begin with) signals more red candles for EURUSD into the US elections. Too much Trump hedging in the market to fight against this trend. Some dates for referencing historical price action of the...

chewbbq

BOC Interest rate decision in about 4 and a half hours. Market pricing in a cut of 50bp. What if BOC cuts lower than 50bp? Will it cause an influx of funds back into CAD that is in a downtrend since early October? USDCAD is knocking into a resistance that date back years. Will it be a swing reversal trade or will USDCAD finally break through this...