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1h

NZDCAD 1h Bullish Double Bottom vs. Resistance trendlineInitially, I was looking at the above setup as a bearish rejection from the resistance trendline. To not let my bias get the best of me, I also noticed that the two arrows point to a double bottom. - Notice how the second bottom is a higher low than the first bottom, indicating bullish pressure and the inability of bears to push price down below the previous low) It is hard to say in this instance, so I suppose I'll be waiting for a clear signal to go either direction.
by MtxTrader
NZDUSD 1h Short off Resistance Trendline RejectionOn a shorter time frame, the signal to short based off the main daily setup is more easily identified. We have here a symmetrical triangle formed at the top of an uptrend. The resistance trendline has been confirmed with the 3 points, and the support trendline as well - with roughly 5. The short from this setup on the 1h has a target of slightly above the support trendline, and a stop loss of approximately above the end of the yellow resistance zone.
Short
by MtxTrader
Trade opportunity in the midst of consolidation for EURCADAny pattern trader out there loves consolidation because for us it means we tend to get many opportunities to trade. Currently the EURCAD is no different. We had a cypher pattern set up and roll over pretty much right once it hit the entry, today we have another chance at a cypher pattern. Entries are at 1.4023 and you need to get your stops under the x point. The only issue this one might have is the other structure level right under the X point since the market may very well test the lower level. Be sure to do what your plan says to do and stick with it. Good luck!
Long
by tpick74