USD-CAD CHART ANALYSIS (SELL SETUP)USD-CAD presents itself with a potential bearish movement that would probably see a decline of 200+ Pips to our long term support level at 1.29300.
We've seen a First breakout from the trendline within the channel going down 200+ Pips followed by a reversal and price retest on our trend line. I believe we're about to see a similar bearing move.
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Forex_signals
CAD-JPY CHART ANALYSIS (SELL SETUP)Happy New Week Guys. Here's a quick CAD-JPY set up to start the week with.
Last week we saw a huge bullish rally breaking us out of our channel, taking us up to a resistance levels at 81.500 approximately, I believe the movements we saw resulted from fundamentals. Now markets are back to normal, we've come back down into our channel, followed by a trend breakout and retest as we can see in the chart.
I believe we would see an ABC move from here on with a first bounce of our first support level, followed buy a drop and a cool off at that second support level at 78.000 approximately.
Now would be a great time to get in for some quick pips in profit. Let me know what you think in the comment section and don't forget to follow and like
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EURJPYFollowing the present strength of the Japanese Yen (JPY), we expect some little push down and clear the internal liquidity, and then the retrace to clear the the highs and take more others from the order block and then drop massively to the 3rd wave and then more down to complete the 5th wave, we expect our take profit for the drop to be around the min threshold of the bullish order block, and depends on what the market gives, we expect to see a bullish movement from the minthreshold of the bullish ob, because we see our last bearish liquidity at the bullish ob, so after the sell stop (liquidity) is cleared, we expect the buyers to set in
EURNZDThe EURNZD pair similarly to that of the EURAUD, completed the 4th wave count which also reaction at the ICT weekly bullish order block
we expect the pair to also go long on the higher timeframe, which after clearing the weekly high (last liquidity) also completing the 5th wave count, we then see a msaaive drop on the pair likewise
EURNZD - Daily Overview 😎*****Please follow, like, and support this idea, if it helped you in anyway*****
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Will enter for long after deciding a perefect position by this week end - once we get to know how the market will react to US election result-
Till that still waiting and will go long for a short period of time
AUD-JPY BUY SET UP (FREE 100+ PIPS)It's been a great start of the week, spotting this amazing setup on AUD-JPY. Here's a quick buy setup for a quick 100+ pip profit. I'll say there's an 85% chance we're going upon this, you can take my word for it.
What we see here is quick breakout from a channel, after around 4 retracements from the channel's resistance level, now we're finally out. I think we would goas high as 76.500 where we've got our next major resistance which should make us our smooth 100+ pips. Right now is a good entry if you'll like to catch this trade.
Share your thoughts and ideas in the comment section below, we can all learn from your ideas. And please don't forget to leave a like and follow for more outstanding updates.
AUD/CHF : BEARISH PULLBACK ON 61.8 CONFIRMED ! 🔔Welcome back Traders, Investors and Community!
Analysis of #GOLD
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Strategy: Pullback on 61.8 Fibo
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AUDUSDFollowing the Present peak and turning point for the DXY (Dollar INdex). we expect to see same impact on the Dollar related pairs which the AUDUSD is one of this pairs, we the DXY reaches its rejection block where orders can be taken from and the bulls set in, the Aussie, likewise did same in the opposite direction from the DXY, which gives us a bearish movement setting in for a swing.
we expect the Aussie, to clear the internal liquidity in the Daily TF and and then move upwards to bit to get the final order from the bearish order block and the swing sets in
Dollar IndexWith the present win for the US elections and Biden merging in as the 46th President of the United states of America, added to the fact of the NFP new on the 6th of November 2020 came out positive for the US dollar Index, we expect to see a steady strength for the the US dollar, and above all, the candle closed on the Rejection block of the daily candle, we previous low might be taken out before the bulls set in, and possibly we can have a buy from CMP (Current market price)
GBP-USD SHORT TERM ANALYSISAnother quick chart on GBP-USD on the 4H time frame.
THE SELL CONDITION
Looking at this chart shows two possible outcomes for the GBP-USD pair. with the trendline (B) holding it's grip since may with multiple rejections giving us a nice short term up trend. A breakout from this trend should send us down to a daily support level around 1.20000. While we wait for this trend to be broken, let's take a look at this from another angle
THE BUY CONDITION
We might see and big move to the upside, reaching the daily resistance at 1.350000. If we're looking to catch this buy, then we have to keep our eyes on the trend line (A) where we should be looking for a breakout for a good long towards the resistance.
Overall, i believe we would probably hit the resistance and then see a good pull back before the next move is decided.
Let me know what you think, Leave your ideas and thoughts in the comment section. Also don't forget to like and follow for more updates.
XAUUSDFollowing the US election that is about to happen, the USD currency was weak earlier today causing the rise in Xauusd, which was a good technical analysis and also a great opportunity for a reentry for shorts
The Xauusd retraced back to the BMS (break in market structure) and ready to go for another shorts to clear the equal lows