Forexgroup
USD CAD SWING POSITION LOCKEDWe can see a rising channel breaking at USDCAD. After that, we saw a bearish flag, a break of the bearish flag and already a retest. We could enter earlier but this is still a good opportunity if you're not afraid of a bigger stop loss. Price also broke trendline at 1H chart showing momentum downwards. Enjoy.
EURUSD TRIANGLE FORMATIONEURUSD is at the lowest level of a consolidation at Daily chart. Lowering timeframes, I can see a triangle at 1H chart that has been broken after a triple bottom. I will wait for the 0.618 fib. retracement and a reversal pattern at that level in order to enter long. Possible trend reversal if this triangle keeps my analysis. You can set your targets with AB=CD completion as always or at 1.272 fib extension. ENJOY.
USDJPY POSSIBLE RETEST OF TRIANGLEUSDJPY finally trying to retrace at the previous structure level. If price manages to go at previous structure and we see a clear reversal signal we can definitely enter long continuing it's breakout after a clear retest. Good R/R ratios if we manage to enter that low. Keep this at your radar, and as always, enjoy!
EURJPY READY FOR THE NEXT BIG MOVE?EURJPY with it's lovely huge volatility managed to break through the rising trendline at Friday. I wish we could see a clear retest and even above the trendline because I would love to enter at 0.5 or even 0.618 lvl instead of 0.382 for better r/r Ratio and better targets. I would suggest to trail stops in this one if you enter, because it might signal a new trend and it would be a pity not to ride the whole trend.
EURGBP 4H RISING CHANNEL.I'm reposting this. You can see the falling channel and the rising channel after it.Enough volatility to confuse us these last days. There is an excellent breakout and retest but for me, it's too low. It barely touched the 0.382 fib retracement. I will put a pending order at 0.618 fib retracement with 2 targets. tp1 at previous low and tp2 at 1,272 fib extension. Enjoy!!!