USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦
USDCAD is retesting a major broken trend line.
On that, the price is currently consolidating.
To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support.
Its violation will trigger a bearish continuation.
Goals will be 1.254 / 1.251
If the price breaks the trend line to the upside, the setup will be invalid.
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Fxsignals
GBPJPY UPDATE
GJ is in a strong uptrend from HTF perspective, but is overbought and we could see a correction, down on the 1D TF price recently made a bearish impulse to the downside and broke below the previous Swing high, this move has been followed by a retracement which is currently testing the 0.618 fibonacci. If we drop down to the LTF we can identify the retracement is in the form of this rising wedge giving us more confluence showing us we can be looking for potential move to -0.272 fib extension - waiting on the micro TF for potential entry confirmations.
EUR/CAD SYMMETRICAL TRIANGLEEUR/CAD in an obvious symmetrical triangle, a breakout from the upper trendline and 200-day SMA at 0.4100 would initiate a bullish run. If that did not happen, the triangle might get widened, or a deeper surge could emerge.
This is worth looking into as well.
A Sell stop order above 0.4100 could be set for a long-term target at 0.4500.
Bearish Setup on GBP/USDGBP/USD has been ranging below the 38.2% fib extension, forming double-tops and correcting back to 1.2225-20 zone.
This indecisiveness could be prolonged till the end of this week, or the sellers finally take over the market and drive it further down.
Either way, the overall technical outlook is bearish and could stay that way, till it hit the 1.3175 Dec-2021 yearly low mark.
A short position on GBP/USD at 1.3307 could target a 1.3170 stop.
EURAUD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCHF: Classic Bearish Reversal?! 🇪🇺🇨🇭
EURCHF looks quite overbought.
After a sharp bullish rally the pair started to slow down,
this morning, it even managed to violated a rising trend line to the downside on 1H.
I believe that the pair may drop now.
Goal - 1.052
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EURUSD UPDATEEURUSD has been following my projection perfectly since my previous update and has now made a retracement to form a new LH and retest previous support as new resistance. If you managed to capitalise on a long i would be looking to take profits here as i am expecting the continuation to the downside to follow, DXY is currently retest demand and a fresh rally will push down EU. We will be monitoring PA on lower TF with students and patiently waiting for a possible short entry according to our strategies only if rules are met.
CHFJPY - UPDATEDont sleep on CHFJPY today - Swiss Franc historically acts as a safe haven for investors in uncertain times, making this fundamentally bullish. From a TA perspective we can see the correction on the 1D TF is showing signs of deceleration and is about to test our weekly POI demand zone, waiting for a false move below the lows to induce bears then we can look for a potential long entry.
EURUSD trend may change:If price do not cross 1.15298 level then it can be consider as trend has changed and target will be long. Buy at the same level as current price is moving stop loss can be 1.15154 1st target will be 1.16424 and 2nd target will consider as 1.17470 and still can be hold for much bigger target. As weekly chart is also showing.
USDCAD H4 - Short SetupUSDCAD H4
Here is the break we was expecting in line with USD weakness and continued CAD/WTI strength, as WTI broke that $80/barrel, we saw CAD climb in strength.
Looking for the pullback to the broken support (now resistance price) to offer short entries, in line with a solid confluence stack.
USDCNH UPDATEUSDCNH has recently broke above daily supply with a impulse to the upside, followed by a correction to retest previous retest previous resistance as new support in confluence with the 0.618 fibonacci. On the 4h TF we can see price is still in a corrective downtrend, waiting for a break and retest of 4H structure before we can potentially look at a long entry here.
EURUSD Critical Point 11/02/2021as we had observed a H&S pattern on this instrument (Linked) and Bearish Divergence with MACD (Linked) now we are at a critical point
as market can move heavily to either of sides.
we can take our positions as soon as we get a break trough and confirmation pull back on any sides.
we should have an eye on DXY as it has also showed some reaction on its current zone(linked)
we shall update this instrument as it gives us a better definition soon
US100 (Free Signal)Happy New Year for you all Newbies Intermediate Expert - I wish you all a blessed and profitable 2022.
I wish you more health , more wisdom , more knowledge , more profits.
Don't forget... trade is your perspective about your own life , never judge anyone , never care about what you dont know.
Be more disciplined , Be more Motivated , Be more Human , Be more YOU.
Gillionaire Global the place where knowledge never die and Numbers never lie
AUDUSD. Intraday A.I Trade. AUDUSD has an intraday long opportunity based on my A.I time prediction strategy.
There are a lot of things coming together at the same time.
1. We have had a 120 point drop from the recent high with no 38.2% pullback yet.
2. We have the 89% retracement from the recent low and high 15m chart. This gives us a very low risk opportunity to see if its right.
3. There is an A.I expected turn area at 1200pm Jakarta time. If it is right then I'm expecting a 38.2% rally, or a rally into 830pm which ever happens first.
A short term trade with a great R/R ratio.
This strategy is time based not price, This is why I'm looking for an 830pm time not price.
If it goes sideways for 30mins or more then the set up will be invalid.
GBPUSD H4 - Long SetupGBPUSD H4
Same again here for GBPUSD as compared to GBPJPY... Looking for a bit of a market correction here on cable before then taking off again.
Heavily influenced by 12:00pm events though, so please be aware and protect positions. Should be another interesting day with aggressive GBP related moves as previously mentioned. 1.33 is clear resistance. So a pivot point in my eyes.