Not really an enticing trade and also remember that is not a confirmed pattern , its a pattern assumption. It can literally go anyway without bias.
We are forecasting a sell on the AU pair but it is not a confirmed trade. The actual trade has been missed but these look like the few remaining parameters.
We are exploring the possibility of a sell here because of the retest that resistance there and we are also seeing a broken flag that has also retested. Trade safely.
This is a very optimistic trade and i encourage people to stay away from it. We saw a breakout from the short term trend and we are looking to sweep down a little bit.
Could we see a change in momentum as the buyers look to over power the sellers or the market just playing its tricks as always?
Are the bulls on UsdCad finally ready to throw in the fight or the bears are ready to take over. So far nothing has been confirmed and we wait for the market to give us its stance on the matter
We are buying due to 2 reasons. We had a descending triangle that is broken and retested and we have a formation of a inverse head and shoulders. All the best and trade responsibly.
The Canadians are taking over the Americans. Our chart is showing us a clear head and shoulders pattern after our initial price projection. We forecast a down trend continuation.
This pair has been long coming we have been on the sell for the longest of time. Price has been heading down for quite sometime now, but our reason for entry is that it broke and retested the trend and the short standing resistance it has created.
There seems to be an inverse head and shoulders on the EU. if there is a strong indication that the trend will continue then we buy EU hard.
My analysis on the higher timeframe has been insisting that UJ must go down but UJ has been defying all odds and analysis to go up. Even now the price is unsure of where to go but if you know correlation of UJ and gold , you will know. So we're forcing UJ to go down hahaha. But trade responsibly , N:B this is a risky trade and also experimental
Let us grab a few pips from gold through a double top that is visible on the lower time frame. This not as easy as it seems, monitor your trades as always and always secure your profits. Trade responsibly.
We already have an existing sell order that is on profit and it's analysis is not from this one. Now on a higher timeframe but we can all see that we might be heading down. So watchout for USDCAD we might be on a free fall in a few moments.
This pair has been on a side way movement of recent times and it has been doing so in a volatile way. Now we are at the the Resistance of this upward movement and we have shown ssigns of a reversal. Double top and then retest, let's see where price is going next.
This analysis is not clear enough cause the work has been done on the lower time frames. On the 15 m chart we have a Head and shoulder trying to form and on the 5 m chart there is a double bottom pattern that just confirmed our buy order. Scalps are too quick and too risky, trade responsibly.
The number one rule of being a forex trader is to never be biased. Therefore we have to plans of motion. The bigger time frame supports a sell order that is based of a double top. And the smaller time frame is heading up based of a triangle formation. As a price auction trader we are always taught to always obey the bigger time frame but as someone who always...
We've all seen our Double bottom fail on this pair. Emphasis on 'this is not an order it is just a lookout or heads up'. Could we be seeing a trend reversal to respect the trend or a price reversal to retest the resistance that was broken?
I didn't do any further analysis on this pair. I just found everything sitting like that , so what do you think is gonna happen next, are heading up like the forecast says or might we see a surprise downward movement of price.