Did this analysis using the LBLS -LongBuyLongSellIndicator Script. USD CAD pair is in key momentum , this slope up shows good strength . Soon the black candle will become Blue . aiming for 250 point long from this level
as we can see here on the USD/CAD chart that the market has been trending along the black trendline and has been testing and bouncing off it for many times. as we can see right now the market has attempted to test the upside but didn't have enough strength so it can back down and has now tested the black trendline, with no signs of the market breaking to lower...
Due to strong USD, expecting this pair to continue being bullish, wait for current resistance to be broken to confirm buy order
Welcome to fxtrading services, we are specialised in the major forex pair. Potential short o long position for this asset if breaks our low of 1.31210 we could see a downside move to 1.30000 area. We will have more confirmation when US market will open. For the long position I would wait the break of the trend line with target around 1.32715 area.
The support zone earlier tested multiple times was finally broken acknowledging the bearish trend. Prices are heading to settled on a new support zone containing the low of the year @1.30680. Possible targets: @1.31000 (+80pips) and @1.30000 (+180 pips). Advice: Stay bearish and sell at any high point while we don't reach back 1.33000 top level.
we need a pullback to sell zone wait for a rejection to go short Good Luck
look closer on lower timeframe to see new support or resistance after seeing that breakout from ascending trendline see price action for the next step!
Entered the trade at price point: 1.3295 = 23.60% level. The proper move would have been to wait till the 50% - 61.80% to confirm a reversal at this present price zone. It's funny because I have signals on my phone that show the sentiment of the market on whether to buy or sell. USD/CAD was in the sell at the time I called the trade and is now Neutral. Note to...
4H Chart Explanation: - Price is currently on the top of the Ascending Wedge. - It has potential to move down towards the bottom of it. - Bearish Divergence on MACD. - If price breaks the Wedge and the Ascending Trendline at 1,3326, it has potential to move down towards the Support Zone at 1,3122. Updates coming soon! Weekly Vision: Daily Vision:
Feel free to copy my trade. If I made you money, follow me!
This is my short mid-term trading setup that I am currently considering. If the blue parallel resistance is broken above, we can expect some resistance around the region where the down trendline and the 4H order-block overlap. Short EP: 1.34335 SL: 100 pips TP: 250 pips R/R: 2.5 Risk Disclaimer: Please note that trading currencies (or any other financial...
As explained our overall setup is short - (See related idea). However, there is space from now to Friday before NFP to capitalise on a potential buy (long Setup). Buy Limit Order: 1.33200 (Will Confirm once PA confirmation is Present) Stop Loss: 1.32935 Take Profit: 1.33650
Here is a nice short entry on gbp/aud fx pair. Strong confluance : - Breakout & retest of blue trendline. - Bearish channel - Fibonacci level and resistance zone confluance. - EMA Crossunder + Stochastic momentum overbought combo. - Standard deviation My two targets are marked by flags. Good luck !
Here i am seeing some strengthing of canadian dollar as it had broken out its previous support which now became resistance , it may or maybe not restest the newly became resistance but overall posibility is downward
# downtrend hint # Candle: Bearish = Sell