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USDCAD - BUY MODE GARTLEY!!Today we look at the FX:USDCAD as it is setting real nice with patterns, FIB levels and AI all coming together. Firstly the Gartley pattern that started early April and looks to be completing today @ the 78.6% level of 1.2461. This turn zone is between 1.2461 127% ext and 1.2450 1.618% ext of the last move which is the final wave 5. This is the first retracement from the April 5th low and its in AB=CD which is the favoured pattern. Also with the AI for today we have an expected low around 2pm. This is a major turn event for the day. Things lining up again which means we have to place orders. Let me know your thoughts on this set up and ideas you also have for this pair. Enjoy the day.👍👍
Long
by L_F
EURCHF: Update & Bearish Outlook 🇪🇺🇨🇭 This week we spotted a bearish breakout of a key level on EURCHF pair. I was patiently waiting for a retest of the broken structure to look for shorting opportunities. Today I finally spotted one. The price formed a double top formation with a lower high on an hourly time frame. Its neckline breakout confirms a coming bearish move. Initial target - 1.01 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
17
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. ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
19
NZDCHF: Potential Trend-Following Trade Explained 🇳🇿🇨🇭 NZDCHF is trading in a bullish trend since the beginning of the year. After the price set a new high around 0.6515 level, the market retraced to key structure support. On that, I spotted a double bottom formation on 4H. To buy the market with a confirmation, let the price break 0.642 - 0.6436 its horizontal neckline. You need 4H candle close above that to confirm the breakout. Goals will be 0.64 / 0.65 If the price breaks the underlined yellow structure to the downside the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
9
AUDUSD, Gartley Buy. AUDUSD has just hit the 78.6% Fib level also completing a Gartley. This is where you get the low risk trades with great risk/reward. I traded the C-D leg down as this was a completed smaller Gartley pattern. Now the plan is to either go long to the 0.7280-0.7300 area which would set up a 135 Pattern to sell or we are heading back up to 0.7500 completion of the bigger ABCD. Yesterday was a down day on lower volume which is why im looking for a bounce today. AI also to follow. I hope this helps. Send me a comment with your thoughts agree or disagree.👍👍
Long
by L_F
10
USDCAD: Potential Pullback Trade 🇺🇸🇨🇦 USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame. To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range. You need an hourly candle close above that to confirm the breakout. They buy aggressively or on a retest. Your goal will be 1.2668 In case the price breaks the support of the range, the setup will be invalid. ❤️Please, support this idea with like and comment!❤️
Long
by VasilyTrader
12
EURUSD: Classic Trend-Following Trading Setup 🇪🇺🇺🇸 Hey traders, As you know I am very bearish biased on EURUSD. I was patiently waiting for a retest of a recently broken key structure. Yesterday the price finally approached that. On hourly time frame, the pair formed a double top formation and then broke its neckline. Now I have my sell limit order on a retest. Bearish trend continuation is expected. Local goals: 1.0945 1.086 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
5