Hi everyone: CADCHF has been on my watch list for a few weeks now. This week we are seeing a potential falling wedge broke out around 0.72000 area. The daily chart is is over extended, and in need of a proper pullback. I will be looking for any potential long opportunity on the intraday charts. Thank you for your support and feedback.
Hi everyone: Looks like we have a nice long entry here on CADCHF, as the 4 hr chart found a nice support around 0.7150 and broke out of the resistance trend line and pulled back to form a higher low. Good to go long for 2 targets. Target 1: 0.7270 (2%) Target 2: 0.7350 (4.29%) Thank you for your support and feedback.
Hi traders: There is a potential sell setup forming on XAGUSD (SILVER), as the daily and weekly chart may indicate a lower high has formed, and we can see some bearish momentum coming in this week. On the 4 hr chart we can see the price action broke out of the rising channel. We can wait for price action to reject the resistance and form a potential Head and...
Hi everyone: EURAUD has an over extended daily chart, and I am seeing a pullback is needed before the price action can continue its bullish momentum. This week I will be looking for bearish opportunities to enter for a short. Not looking to target long term as I still see the higher time frames are bullish. I will update the post if I see any potential short...
Hi everyone: GBPUSD has a potential sell setup forming. The Price Action is currently sitting at resistance of 1.2960 area. IF we can see the PA push down and break the bearish flag pattern, it would be a good R;R short position down to recent lows and 1.27000. Be aware of the GBP election news event that may cause volatility in the market. Thank you for your...
Hi everyone: NZDUSD is getting close to daily resistance around 0.7225 area. We have a nice resistance trend line adding bearish confluence. IF we see price action finds resistance, we can go into the intraday charts to look for a nice R:R short down to the 0.382, 0.7050 area on the daily chart. IF price action continue to move up and break above resistance, then...
Hi Traders: Similar like my GBPUSD sell trade up, NZDUSD here is presenting a nice bearish flag pattern, ready for break out. The daily chart is at a nice resistance area, we can begin to look for the sell opportunity. Remember to wait for confirmation before the sell. Thank you for your support and feedback.
Hi Traders: AUDNZD is at a key support area after an over extended drop from the top. We could potential see some bullish momentum coming in the market for a pullback/correction, or possible a trend change to the upside. On the intraday charts, we are seeing some good bullish momentum, breaking to the upside. Now we will have to wait for a higher low or bullish...
Hi everyone: GBPCAD has a nice rejection of the 1.7200 area. Daily chart has a nice higher low confirmation. 1 HR chart formed a mini double bottoms, and broke out. Waiting for a higher low to develop and reject support before entering the long position. Target 1: 1.7500 Target 2: 1.7750 Thank you for your support.
Hi Traders: EURJPY has been on my watch list for some weeks as the daily chart is over extended, and in need of a pullback. Last Friday had a perfection rejection around 125.30 level on the daily chart. Now I am looking for a lower high or bearish flag to develop on the 1 hr chart to take it short. Target 1: 124.15 (1%) Target 2: 123.00 (3.3%) Thank you for...
Traders: We have finally see some resistance on XAUUSD (GOLD) on the daily chart around 1255.00 area. We are also seeing a potential Daily Head and Should pattern developing, and today we can see the price action form the right shoulder, confirming the bearish momentum. 1 HR chart has a double tops, and broke down support trend line. We can wait for a lower high...
Hi traders: EURUSD has been going up massively after the result of the French Election. Now the daily chart is way over extended, and in need of a pullback. We are seeing some resistance around 1.1230 area, and bearish momentum start to come into play. 1 HR chart potentially is forming a Head and Shoulder pattern, looking for a lower high to develop as the right...
Hi everyone: SPX 500 has finally show some bearish price action, as the daily chart has once again hit around the 2400.00 price. Now the 4 hr chart broke down support trend line, forming a lower high. Good to go short to the daily supports. Thank you for your feedback and support.
Hi everyone: AUDCHF has an over extended daily chart, now has found support around 0.7250. 1 HR chart has broken out of the mini-triangle pattern, higher low confirmed. Target 1: 0.7325 (2% Profit) Target 2: 0.7360 (3.4% Profit) Thank you for your support and feedback.
Hi Traders: GBPNZD is in my weekly analysis/outlook, and today there might be some opportunity to short if the price action pulls back to a desire entry. GBPNZD finally broke down daily support after many days of consolidations, now the 4 hr chart broke down support trend line. Waiting for a pullback, lower high to confirm bearish trend change before enter the...
Hello guys: GBPUSD has found resistance around 1.2900 area on the higher time frame. 4 HR chart formed a rising wedge, then broke down support. Waiting for a lower high to confirmed the daily pullback. Thank you for your support and feedback.
Hi there: GBPJPY has a nice rejection on the daily and weekly chart around 148.00. Now the 4 HR chart has broken down 2 support trend lines. Looking for a lower high to develop to confirm the bearish momentum. Thank you for your support and feedback.
Hi Traders: USDCAD has finally show some bearish momentum coming in now, as the 1 hr chart has a proper break down of support level. Looking for a lower high to develop to confirm the trend change. Target 1: 1.3580 (3% Profit) Target 2: 1.3425 (6.88% Profit) Thank you for your support and feedback.