drcap192

drcap192

Price has bounced from the trend line support with bullish signal confirmation. Long position can be taken up, with TP at the immediate resistance overhead.

drcap192

Price is forming HLs and has bounced well from rising trendline support. Enter long.

drcap192

The overall trend is bearish. Bearish price action is respecting the major trend line resistance. Moreover, the minor trend line resistance is also bearish. A short sell position can be opened here.

drcap192

Recent bullish hammers at the 1 hour support level indicate that a long position can be taken up for a short term profit up till immediate resistance area.

drcap192

Price action is bearish in the 15m time frame and has bounced from the overhead resistance. A short sell position can be targeted till underlying support.

drcap192

Strong bounce from major daily support level. Bullish piercing pattern and bullish continuation price action. Target the immediate resistance level.

drcap192

Price has tested an important support level, and bounced from there with a strong bullish engulfing candle. Can open a long position. SL: 1.02383 TP: Target for R:R = 1:1 or next strong resistance.

drcap192

Based on series of HHs / HLs and recent bullish candlestick confirmation patterns, it is expected price rally will occur. Hence buy long, and trail your stop loss accordingly for take profit target.

drcap192

Based on the DOW theory (LL, LH) and the recent candlestick price action, it is expected the price will show some bearish movement. Hence a short sell call can be taken.

drcap192

HHs and HLs are being formed. The recent inverted hammer + bullish confirmation candle identifies a short term long call.

drcap192

Based on candlestick pattern, the recent hanging man + bearish engulfing patterns suggests a short term sell call.

drcap192

Price action: HH HL, Candlestick patterns: supportive of higher price rally

drcap192

The trend is bullish as per HH and HL concept. The recent candlestick pattern also supports the idea to long the trade.

drcap192

Higher highs / higher lows indicate bullish momentum. The recent bullish engulfing candlestick price action also supports the idea.

drcap192

Continuation of bullish trend for EURAUD is expected.

drcap192

From May 2021 onwards, the USDCAD pair is trending bullish hitting higher highs (HH) and higher lows (HL). We can expect this bullish trend to continue further.