USDCAD: Key Levels to Watch This Week 🇺🇸🇨🇦
Hey traders,
Here are major key levels for you to watch on USDCAD this week.
Resistance 1: 1.2659 - 1.277 area
Resistance 2: 1.28845 - 1.29 area
Support 1: 1.24037 - 1.24792 area
Support 2: 1.22875 - 1.232 area
Let the price reach one of the key levels and then look for trading opportunities there.
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Fxtrading
US30 STILL ON DOWN CHANNELUS30 will still continue is down channel if possible as long as it remains below EMA200. we still need the market to push up a little bit in order to fill up some gaps before looking for short. As long as he keeps staying under EMA200 in the down channel possible short is coming. Please give me a like, comment, and follow me if this idea is helpful to your trading activity
EURAUD and EURNZD 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.
EURUSD: One More Short Trade
For those who missed our previous short trade on EURUSD,
our team prepared one more.
The pair looks very bearish today and we decided to open one more silling position.
Entry - 1.0734
Stop - 1.0793
Take Profit - 1.0652
Good luck!
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USDCAD 4H LongUSDCAD has been on a tear recently, and technicals are telling me its about time for a reversal to occur. The 4H is currently inside a small Demand Zone and RSI is forming a very nice Divergence. Im waiting for the close of the 4H candle before going in, but i do believe we should see a small bull run for a few days. Stop losses should be right below the zone and target will be at the above Supply Zone. Let's get it.
TRADE OF THE WEEK | Classic Pattern Trading 💰
Hey traders,
Last week we spotted together a cute double top formation on USDJPY.
Its neckline breakout was a trigger for us to sell the market on a retest.
This week, we finally cashed out with my students.
The market dropped nicely giving us 130 pips of pure profit.
What a great winner!
Did you catch this move?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURUSD and GBPUSD top-down analysis todayHello 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.
DOLLAR INDEX (DXY) Bearish Wave is Coming? 💵
Hey traders,
This week, Dollar Index broke and closed below key daily structure support.
Now we see its retest.
Analyzing the reaction of the price to the broke structure, I spotted a cute double top formation on 1H time frame.
Its neckline breakout will most likely trigger a strong bearish move.
First goal - 101.7
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
CHF pairs top-down analysis todayHello 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: Your Trading Plan 🇪🇺🇨🇭
EURCHF set a new higher high higher close on a daily last week.
Then the price retraced to strong horizontal structure support.
From that, I am looking for a confirmation to buy.
On 4H time frame, I spotted a double bottom formation.
I will buy the pair after the breakout of a neckline.
We need a 4H candle close above 1.0425 - 1.0445 zone to confirm the breakout.
Then a bullish continuation will be expected.
Initial target will be 1.05
If the price sets a new lower low on 4H, the setup will be invalid.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️