Going long on this pair once it reaches 38.2 retracement zone and gives confirmation candlesticks .
Given the previous bullish momentum we had on Monday and Tuesday, and the overall bullish momentum on the weekly, I personally wont be looking to short USDCAD just yet. (Take note that price still has not broken and closed below the psychological key level of 1.2500). I'll be waiting for confirmation on the 1H ( bullish engulf preferably or bullish hammer )...
WAIT FOR RETEST OF DEMAND ZONE! after retest wait for confirmation candlestick pattern on 1H, if we don't get conformation i.e. bullish engulf, i wont be getting involved. TP targets will be set to 1820 and 1830 respectively.
Looking at current price structure, price managed to break and close above the previous resistance level which has now become our new support/demand zone. So now we patiently wait for a clear retest of 1816.500 and wait for conformation on 1H and LTF to execute a buy position on gold. My take profit target for this trade is 1840 respectively.
Looking at current price i see price continuing to the downside during the upcoming London session. Waiting for a retest of the trendline and confirmation on the 1H before executing this sell trade. My first take profit target will be 150.950 respectively.
Based on the momentum of the candlestick formation on the D1 timeframe, momentum is bullish. Scaling down to the 4H,we are able to deduce the critical support level and price managed to hold in this zone. As we scale down to the 1H timeframe, we can see a variation of bullish candlestick partten signals forming on the critical support. ( Also notice the break of...
Based on the D1 timeframe, momentum from the previous daily candle is looking very bearish. So I wont be looking to buy this pair today. After scaling down to the 4H , we see a break and retest of the critical resistance level. Entry criteria will be based of the signal we get on the 1H, so now we basically sit back and wait for price to give us a bearish...
Hey guys, just a quick update on our NADUSD trade. Price bought straight into our take profit of 0.70900 during the Asian trading session as mentioned in the previous video. If you would like more videos like this please give us a thumbs up. Cheers !
Looking at price during the London and New York sessions today respectively, momentum has been very slow. The slow movement of the market has been highly attributed by the current holidays in the US today. Soooo, we patiently wait to see what happens to price next, during the Asian session, however for the rest of the day, while we wait, our team will be...