Experttrader
GBP/USD Trend analysisHello Traders. GBP/USD had some nice uptrend move last night during the Asian session. it looks like we are in an impulse wave right now(wave 3) and my confirmation will be a breakout to the resistance acceleration channel. Since we are on 4 hour chart i can expect wave 3 to develop on subwaves (i,ii,iii,iv,v )
USD/CAD 1 hour Chart Analysis Hello everyone today i'm updating my chart analysis on usd/cad pair. Market just hit 38.2 % retracement level of wave 3 which may indicate the end of wave 4 and the beginning on wave 5. if my analysis is right market will drop to triangle support level @ 1.38500 or even lower to 1.3790
USD/CAD 1 hour chart updateHello Traders, today i'm just posting an update from yesterday's chart analysis on USD/CAD. We are still on a downtrend and getting closer to key level supports where i think market is gonna reverse. what i can see on the 1 hour chart is a Possible Zigzag Correction, currently on it's last wave formation (C) but it's too early to really predict if in fact this is a corrective pattern. let's way for more price action to see where market is going
Trade Set up USD/CAD Short 1 hour chartUSD/CAD price is on a triangle pattern right now on a daily chart. however on a 1 hour chart we can see diagonal pattern (either leading or ending) getting close to the triangle top resistance level. RSI and Stochastic are showing an strong divergence indicating a possible trend reversal. I have a pending sell order right now with stop loss and take profits as shown on chart.
GBPUSD TRENDLINE BREAKOUTGBPUSD broke out from the bullish channel it was in last month
this could indicate that GBPUSD has stopped the bullish advance for now and could retest the 1.27 level
My guess is that there will be a slight pullback(a lower high) in the next couple of days which would mean
a change in the trend and the start of a possible turn to the downside
Look for a swing high between the 1.295 and 1.3 levels
Follow my channel for more analysis like this
and intraday forecasts for major currency pairs at every London open.
Monero Risky Buy, potential reversalMonero looking like it could be reversing on 1 hour and 4 hour chart, daily still indecisive. Would be an early risky buy now but as you can see from my expert analysis with my arrow, it could be a good long if you enjoy torture and hot dogs with ketchup instead of mustard.
Feel free to mock me if it goes lower