USDCAD SHORTS OFF THE RIGHT SHOULDER!Sorry for the background noise... I'm watching to see a bit more rejection and the next possible leg down to continue a bit of weakness.. for now anyway!
Chartpaterns
UsOil H4 TF Projection Hello Traders, here's a chart of the UsOil and right now i'm keeping a bullish bias.
Here are my reasons:
- Daily timeframe Break of structure
- H4 bullish impulse and correction into our demand zone
-Demand zone tallying with the 61.8 fib level
-Double bottom at demand zone/fib zone confluence.
I'm putting all these things together from a technical analysis POV. However, there's the fundamentals too and we see an increase in the price of gas cut across different countries since the Russian/Ukraine happenings. Could this be the fundamental backing that our technical thesis needs?
Anyways, don't take me as your single source of truth, and I hope this technical breakdown helps.
Do give us a LIKE and FOLLOW to support us in coming out with more contents.
EURUSD IMPORTANT TO STICK TO YOUR PLAN!Still not in a short position but was expecting to see this push down. Just thought id break it down and show the next couple areas I'm interested in, long term I see the trend continuing but ill be looking for longs on the retracement just in case.. always remember to trade with a plan and stick to it!
USDCAD WIN WIN / HEDGING SHORTS Price on USDCAD is struggling to break above the resistance of 1.38000, with price looking weak again on the forth rejection. This is creating a right shoulder for a head and shoulders on the 4hr and daily chart. Strength coming back into the USD but the Canadian dollar holding ground for now. Ill be entering shorts with stops tight above the last few rejections to hedge against my original long trade. Hope you all the best for the week to come! let me know your thoughts.
USDCAD - RISK COMES FIRST! UPDATEAs always make sure stops are at break even if you took buy trades, price is in an area of 2 key levels as highlighted and can do anything from here... (create a right shoulder for a short) or ( continue long term continuation to the upside). I believe price will be slow and will be waiting for a reaction to the fundamentals before giving a clear direction!
USDCAD - READY FOR PRICE TO EXPLODE!!Looking for price to make a continuation hopefully off the back of some USD strength, as I've covered fundamentals can change things very quick but if you can get a position before anything affects the market you can give yourself the opportunity to catch huge moves! Trade smart and keep on top of your risk management! good luck
INDENTIFYING TRENDS LONG/SHORT TERM!!Just wanted to share a little insight into identifying trends and positioning yourself in the market for minimising risk and maximising profit! Its import to identify trends both short and long term to understand which direction price is heading and possibly reversal points. Top down analysis mixed with key levels and trend patterns is how I look at the market without getting to technical, and candle formations from these areas is where I look at entering positions.. everyone has there own trading style and this is just what works for me, I don't like to over complicate it with a million indicators, trendlines etc. I recommend finding a strategy that works for you and sticking to it, there are a heap of different ways to trade...
USDCAD UPDATE! HOLDING OFF SHORTS FOR NOWHey everyone please let me know your thoughts in the comments.. I'm staying clear of USDCAD until be get a bit more direction so next week ill update if I'm looking at taking positions.
GBPJPY back above support area..GBPJPY
The price, after a big bearish move is back above the support/resistance area, after a correction/pullback towards the support if price holds above the support I expect the price to move higher...
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BBBY Breakout Zone $we formed a triangle last Friday , now we have one critical level to confirm the breakout and going towards the 16.20$+, which is breaking the 12.51$+ resistant.
cause if we didn't had that reaction and broke the triangle from below we going to have a visit for the support above the 8.24$, and the bottom above the 6.50$ , if we didn't hold above support level .
EURUSD > Bearish Flag Pattern, Might See Breakout!!Analysis of #EURUSD
The EURUSD formed a trend continuation pattern as you can see on my chart, usually, this flag pattern indicates the market will continue to the downside, so think twice before buying the EURUSD.
The optimal entry was at 1.0015, but the fed was still speaking, and no way I could have got in this trade.
the second way to get in this trade is to wait for a breakout confirmation to the downside, wait for a retest, and confirmation on the lower time frame, and get in a sell entry.
I think EURUSD will test 0.9800, so let's be hopeful we can get an entry here
Please support me by boosting this idea so it can get to more and more traders
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
NZDUSD > The Prefect Place to Look for A Buy EntryAnalysis of #NZDUSD
Another Idea I am watching this week, is the NZDUSD, as you can see the market broke its structure support level and the worst performing pair on Friday, I expect the market to keep falling to test the lows where I think we will have a bullish reaction.
The last time the market was near this structure support level it did rally more than 400 pips, and the market as you know tends to remember, so keep an eye on this idea, it might come soon.
Please support me by boosting this idea so it can get to more and more traders
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
Bitcoin Falling wedge ShortDiary OBV divergence with LTA and forming a Rising Wedge. I think it's gonna form a double bottom touching in the weekly LTB of the Huge falling wedge about 17k.
SHIBAINU breakout levelwe will have our breakout above the 0.000014 resistant , after we continue holding above our current ascending liner support , and after the breakout from our resistant , we will have 2 profit taking , first around the 0.000017$ , and second around the 0.00002160$ levels .
BINANCE:SHIBUSDT
USD/CHF short on daily chartSL = 0.98823
ENTRY = 0.96573
TP1 = 0.94323
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position
VRM Breakout $ we need to hold the gap price above the 2.50$, in order to have 2 profit taking , the first around the 2.90$+, and the second around the 3.30$+.
EURNZD > A Very Interesting Chart, Waitng for A Sell..Analysis of #EURNZD
The EURNZD is in between support and resistance, which makes a very interesting chart, now I am waiting for a sell if we to the resistance zone, where I will definitely look for a valid ell if the rules for entry are met
_ _______________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
AUDUSD > Waiting for Confirmation to Buy!Analysis of #AUDUSD
The AUDUSD has a confirmed head and shoulders pattern, not its testing neckline, which is now a support zone, also we have a trend line support.
watch NASDAQ today if it does not find support then forget about his idea, also watch AUDUSD to find support here and provide a valid reversal pattern on the lower time frame
_ _______________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURAUD > The Perfect Place for A Buy Entry!Analysis of #EURAUD
Strong demand zone, near strong key level 1.4350, waiting for the market to push down further to look for a reversal pattern before getting in a buy trade if the rules are met.
_ _______________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
USDCAD > Simple Classic Trendline EntryAnalysis of #USDCAD
The USDCAD might test its trendline support where I will look for abuy entry if the rules for entry are met.
Simple classic trendline entry nothing complicated just watch for a confirmation
_ _______________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
GBPCHF > Watch for Breakout First, Then Entre.Analysis of #GBPCHF
the GBPCHF consolidating inside this triangle pattern and we can expect the market to break out soon, usually, this pattern breaks to the downside but let's have a plan for either way.
_ _______________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURJPY > A Fantastic Strong Demand Zone for A Buy.Analysis of #EURJPY
EURJPY soon might test its strong daily demand zone, where I think the market will show some bullish reaction.
if the market tests my structure support zone, I will then look for a buy entry near 134.00 if the rules for entry are met.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
EURUSD > The Perfect Level for A Sell Entry!Analysis of #EURUSD
Following up on my last idea on EURUSD, I still want to sell near trendline resistance, 1.03500-1.04000, and the structure resistance zone where the market broke to the downside.
as you can see the traders in this market have no appetite to buy EURUSD and finding a good valid sell setup is the right choice for me
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
