From our last setup on gbp/cad we saw the surprise and eventual tap of the key region around 1.7400 now price has retraced to the key region where we could expect price to exhibit a new leg to further lows into targeted region. risk/reward is great as usual
price retraced to our key fib region, with some consistency of candlestick rejections, could therefore expect a new leg to be formed to create a new high. intraday setup risk/reward ratio 1:1.7
on higher timeframes, gbp/cad has remained in an upward trend, however, a major key region of 1.7400 hasn't still been tapped. We can see additional confluence around that region. With current fib suggesting additional leg could be formed to tap that region. risk/reward is 1:3
Hello everyone, here is the top-down analysis for EURAUD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
price is respecting our downside trendline, also, there is some candlestick rejection on 5m chart(reversal pattern) could expect a lower leg being formed, to tap our -27.3% fib region risk/reward is great
price is respecting our trendline which is also in confluence with our Fibonacci region of 78.6% we could be seeing some new downside leg pressures being formed.
We tapped a major psych region for gbp/cad at 1.71000 we could expect some reversal price action, we also see major confluence in support around the 1.7100 region. risk/reward ratio is 1:3
price has respected our trendline with continuous candlestick rejection, we created some upside momentum however later retraced to the fib region, this could therefore be a significant sign of another leg being formed to tap our targeted region. risk/reward ratio 1:1.34
The pair ha formed a candlestick reversal pattern, with 2 Doji candlestick rejecting our 61.8% key fib region... we could expect a new leg being formed into the targeted highs around the psych level of 0.71000 risk/reward ratio 1:2.64
On the higher timeframes, we still see a bullish sentiment towards this pair, having tapped our key fib region and retracing to previous levels he can expect some upside momentum to revisit those highs. risk/reward is 1:3.59
price is respecting our trendline, we formed some reversal candlestick pattern around our key level of fib region, we may see a new lower leg being formed. risk/reward ratio is 1:1.6
intraday position for eur/usd price has respected our fib reign of 78.6% which is also in confluence with our trendline. We can therefore expect the price to trade lower into our targeted region for a new lower low. risk/reward ratio is 1:2
the direction of price movement is trading downwards, we see a pattern of lower highs and lower lows being formed. price has respected our fib region, broken the trendline and retested, therefore we could expect further downside to targeted regions. risk/reward ratio 1:2
1-retest of the triangle breakout to the upside 2- successful retest of the point of control (red line) meaning that buyers are in control 3- just trying to breakout the 0.008 resistence which also corresponds to the upper part of the retracement area (blue box) A close above that level would be bullish up to the second blue box (fibonacci extension) which is at...
PRICE ACTION GENERAL TREND LINE RESPECT SUPPORT AND RESISTANCE HIGHER TIMEFRAMES AS ALWAYS, JUST USING PRICE ACTION AND TRENDLINES... COMMENT BELOW IF YOU AGREE. 4H TIMEFRAME HIGHER TF #SUPPORTANDRESISTANCE
Usd/Jpy price is around 106.00 range. Broke Monthly Level and finally came back to revisit that level. Previous Daily closed as rejection. Forecast is Usd weakness & yen strength. Rejection of 71% Fib Level. EMA 20 resistance on a Daily Time Frame. Closed below 20 EMA on a lower time frame. Counter trendline 1 hr? Us News at 5:15 am PST Non-farm Payroll. News 7 &...
After catching +300 pips on this pair last week, cable hit our target and looks like it is starting to retrace . I am still bullish on this pair and actually i am waiting for a retracement down to 1.28 weekly key level & liquid zone & fibonacci & trendline . Multiple confluences on this area giving us a strong reason to believe that if this pair taps the...
on DAILY: as expected, price rejected our blue support and traded higher, and it is now retesting our upper green resistance so we will be looking for objective sell setups on lower timeframes as price approaches it. on H4: we are currently holding a buy after a momentum break above the last swing that formed around our upper red trendline. on H1: this one is...