Weekly resistance @ 172.3 is very strong at this point. GJ has formed a lower high & lower low. Optimal sell zone between 61.8 and 78.2 fib retracement zone. Wait and see a bearish confirmation on lower time frame. Entry: 169.9 ~ 170.469 SL: 171.2 TP1: 167.859 TP2: 165.626
Great selling opportunity around 100.88. TP 99.372, 98.389 and 97.529. Further confirmation is needed but another fall is very likely.
A rounding bottom usually signals a trend reversal. However, the resistance zone between 2011-2015 acts quite strong. We currently don't have any fundamental news that support further gold bullish at this point. IMO, this level of resistance will hold, and we should see further decline to 1935-1945 area before the bull trend picks up
Pull back isn't finished yet. Wait for price to fall further to 1980 demand zone. 1980 may be the sniper entry here
Price is approaching key resistance zone. Look for sell there
USDCAD has entered a critical buy zone. If this level holds, look for tp @ 1.369 & 1.384
Price reached the order block. good area for long position
PA is at a very interesting level. which way will it go after the breakout?
price rejected 78.6 fib level of the recent swing. PA looking good for bearish resumption.
Current bank crisis will force fed to reduce interest rate. No more bulls on dollar. I expect a large fall down from here toward 1.3
Hello guys, my idea on eurcad is kind of neutral for now. Daily timeframe suggests that the top may have finished at 1.455 already. 1.442 zone plays an important role as it's at the intersection of trend line and horizontal support zone. Above this level, we may be targeting 1.455 level again. Below 1.442, we should look for short all the way down to 1.424
Hello guys, this is my analysis on GBPCAD 1.652 area, the rejection of trend line suggests that we are back in downtrend on lower time frame. Price seems to be forming the right shoulder of a Head and shoulder pattern. I expect price to pull back to 1.6372 with another rejection from there. It will be the short signal as well. I will take profit at 1.6245 and...
Hello guys, this is my analysis on CADJPY. There is a bullish cup pattern underneath, with neckline at 99.324. This is 470 pips in range. If the price stays above 99.324, it has a maximum upside potential to 104 area. 100% tp of the cup pattern. Right now the PA is forming a bullish symmetrical wedge pattern. I expect the price to break the upper trend line and...
Bearish Bat pattern to 1.34 area. USDCAD is still bullish in higher timeframe. I expect this level to hold for the last bull run to 1.39ish. Huge sell from there back to 1.30 level
Symmetrical triangle is being completed. Look for breakout targeting 102 area