The double top we had was invalidated twice, creating a smaller double bottom pattern, which is already broken and now retested. A potential target is 20320, and above that price, we have a big hole in VPVR, which can help the price rise above this level too. To me, this seems like a fake out, based on the waves indicator at the bottom, but the long option is possible.
CAD - LT/MT Idea!
We have a lot of dollar buying end of flows, end of month. We saw that in most of the majors shifting. What's really key to me is we are seeing US data take a hit US indices, it is time to take into consideration what could happen next with the FX majors. Here's a glimpse of what I think of CAD:
This chart is based purely on Technical aspect....
oh, yes today was a volatile day, while Powell gave his testimony, the market moved a bit up and down.. With the news yesterday, that the increases may continue, the market was in a panic since a few weeks ago It was assumed that there would be no increases. Surprise the Fed did it again. But currently the market must price in .50 and who knows if .75, what I...
EURJPY - Trade idea!
This post is purely based on technicals!
Pattern: Wedge/Triangle - A break to either direction.
Highs: 145.575
Lows: 144.030
If it breaks the highs expect your target areas to be 147 low areas & If it breaks the lows expect your target areas to be 143 areas (200 EMA).
Be careful of false break outs and we do have a busy day on the docket...
This Is JUST An IDEA.
AUDCAD BULLISH BUTTERFLY PATTERNS .
IN AUDCAD H4 Timeframe Have BULLISH BUTTERFLY PATTERN TAKE PROFIT Are GREEN LINES.
Be joyful and give to another one.
During a congressional hearing on Tuesday, Federal Reserve Chairman Jerome Powell announced that the central bank is expecting to raise interest rates multiple times in the coming months. Powell also stated that the Fed would be ready to speed up its monetary policy tightening if necessary. This announcement is consistent with previous hints from other Fed...
AMC at a point of decision. Breaking $6.50 and dragon pattern near confirmed. Targets reaching as far as $10. From here overall channel outbreak and would not be inclined to stop there. Support at $6, then $5.8. Which would lead to nasty H&S dropping towards $4-$5 area.
Few USD pairs to watch out for the next few days and weeks.
Remember the difference between having a bias, and confirmation for entry.
We can have a bias of a possible pair, but do not enter trades unless they are confirmed by price action.
DXY
EURUSD
USDCAD
AUDUSD
GBPUSD
Hello traders:
Looking at USDCAD here on the higher time frame, I cant help but point out the bullish price action in nature.
The overall structure looks clean from the bullish move up, and a larger correction, with multiple swing highs and lows, forming the correctional structure you see right now.
From last year, during September 2022, we see a strong...
On GBPJPY, we can expect more bearish price action to confirm the downside.
What I like about the price action is we have ascending channel reversal, within the larger correction that is correcting the previous bearish impulse phase.
We can see price has already started ts bearish move from the top of structure, and has already formed a continuation correction...
On the chart, we see a double bottom that holds its support. We are therefore ready for an entry at current level.
Take profit and target are shown on the chart.
Good luck!
CAD - Trade idea!
Another week, another trade opportunity!
USDCAD - Very clear levels.
Currently we are within the ranges. Highs: 1.36600 Lows: 1.35375
A break of key resistance highs, we could go towards 1.37730 areas. However, we if break below the lows and further down below 200 EMA I expect it to reach towards 1.34380.
Keep in mind false breaks out,...
If history repeats itself...
1. Upcoming +50% 3month rally more or less
2. Recession is officially here and -20% from previous lows
3. Rally again hard to >+100%
4. Double bottom
5. New bull market begins
Look First / Then Leap
in the past this has moved up with shib but I cant help noticing that it's acting like a 3 x leveraged version of shib right now , the charts are pretty much the same to look at from the lows up, but this has made 130% compared to shibs 40% so i think it could be good in terms of % gains in the short term, Probably because it went a lot deeper on its retrace ....
EURSGD - Break out...Coming soon!
EURSGD - Technically it's brewing for break out to either direction. We are currently within the ranges of Highs: 1.44965 Lows: 1.41187
If we are to break the lows, expect the recently low areas of 1.37625 to be target areas.
If we are to break the hight, expect the the two key resistance areas to be tested and to be target...
