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Annually

#CHFSGD [Daily] 90% : 10% to Long over Short?Read this carefully if you want to grab an opportunity next week! Spot on SAXO:CHFSGD . Bringing you today a unique opportunity that might turn out to be a mid term long trade to target recent highs. Price last week has hit a triple key levels and reacted on them. Price since November 19 has been respecting an upside channel where it made a high on March 13 2020. Now is testing the ascending lower wedge and at the same time has tested the previously broken upside wedge of a massive broken channel. . It is important to bear in mind that price may test the Annually demand below around 1.43900 some thing like 100 pips below. However, i don't recommend to keep the contract open to these lows, If current upside channel lower wedge is violated next week then take yourself out. A violation to last week's low will cancel the bullish setup. Analysis is based on #SupplyAndDemand, #Channels #Breakouts Strategies. Follow and like for more setups... #AHMEDMESBAH
Long
by AhmedMesbah
#EURUSD [D1C] A Drop, A Correction, A Big Drop, A Reversal!SAXO:EURUSD Is currently heading to an important annually demand zone @1.08690 where i am anticipating a decent correction to the nearest weekly supply zone @1.10250 where we technically should see a continuation to the downside to the annual wedge located at its closest point @1.06300 : @1.06500 Where we should see a significant reaction anticipating a push to the upside to make its way back above @1.12380. This scenario might change according to market conditions especially during the shifts between Risk-on Risk-off environments. Follow for more setups... #AHMEDMESBAH
by AhmedMesbah
#USDCAD [Quarterly+Daily] Is this Ground Zero 2020?OANDA:USDCAD If you're long on the #USDCAD then you should check this out first. The pair on Quarterly bases has reached ground zero where all attempts failed to break it on Q1 AND Q2 2019. However, This is the first touch on Q1 2020 and if you're long on this pair then you should think twice before holding your longs. The pair at the same time has reached a double Quarterly Supplies "Just the Proximal lines" this is around 1.33200. There is another close supply sitting above around 1.33500. The current level is a reversal one and the odds of potential continuation requires a significant catalyst to push it even higher and break all these obstacles. Therefore, a good R/R potential opportunity is currently in hand of about 30/40 pips SL. Follow and like for more important #Swing opportunities. #AHMEDMESBAH
Short
by AhmedMesbah