USDCAD: Time For Pullback 🇺🇸🇨🇦
USDCAD reached a key horizontal daily support.
The market became quite oversold, forming a falling wedge pattern
on an hourly time frame.
The resistance of the wedge was broken after the market opening.
We can anticipate a pullback now to 1.340 / 1.342
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Fxtrading
XAUUSD 1dHello, everyone! Weekly review of the gold-dollar pair from higher timeframe to lower:
1D - Daily timeframe, we are in a short context after updating the historical maximum. After that, we confirmed the short context. At the moment, we have an interesting situation as there is a raid against a raid in still a short context. In such moments, I prefer to gather more information before making a decision.
AUDUSD Sell/ShortAUDUSD is currently rejecting its main resistance point on this higher low from the daily perspective. Clearly a downtrend is the next move from here with pressure sells happening. Below are the SL, TP, and entry for AUDUSD. Please use proper risk management.
AUDUSD
Sell/Short
Entry: 0.66149
Take Profits:
TP 1: 0.65116
TP 2: 0.62191
SL: 0.66878
2-5% risk capital.
EURJPY Sell/ShortEURJPY is a risky trade you can take with small risk (strongly recommended) until it breaks below support (potential pump fake out) please enter in with PROPER risk management and wait until further confirmations.
EURJPY
Sell/Short
ENTRY: 163.882
TP: 160.494
SL: 164.668
2-5% risk capital.
EURCAD Sell/ShortEURCAD looks like it has faced rejection and is making its way on downward trend from this reversal. Sell pressures seem strong and the trend on the daily shows it will continue to fall from here. Please enter this trade with proper risk.
EURCAD
Sell/Short
ENTRY: 1.49120
TAKE PROFITS:
TP 1: 1.44637
SL: 1.49782
MONSTER SWING TRADE
2-5% risk capital.
GBPCAD Sell/ShortLooking and analyzing over GBPCAD I have analyzed thoroughly we are looking at a potential downtrend for these next few weeks. I have been looking at GC for a while and think it is time to short it all the way down. Please enter with proper risk management when trading and please follow our TV (Trading View) page for more free signals, analysis, and as well posts relating to FX and crypto trading. Thank you.
GBPCAD
Sell/Short
Entry: 1.71711
SL: 1.72282
TP 1: 1.67161
TP 2: 1.65002
NZDJPY Under Pressure! SELL!
My dear friends,
NZDJPY looks like it will make a good move, and here are the details:
The market is trading on 91.071 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 90.115
Recommended Stop Loss - 91.533
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
BLEED COMING SOON NZD/CHFNZD/CHF
I will keep everything simple
according to my rules, the market remains corrective until the price clears out 0.54130, but if the market remains under the price zone I keep looking for a sell option. To confirm sell continuation wait for the market to break down 0.53791 before looking for sell.
If this idea is helpful please meet me in the comment section
Thanks
XAUUSD Sell/ShortCurrently analyzing the XAUUSD markets and has shown clear sign of forming an M on the daily. Next leg seems to be bearish and best bets are for gold to take a dive now. Below are the inputs of the trade.
XAUUSD
Sell/Short
ENTRY: 2004.680
TAKE PROFITS:
TP 1: 1895.762
TP 2: 1843.154
SL: 2027.405
2-5% risk capital.
EURUSD#EURUSD
Hello, everyone! Quite an eventful day in terms of price movement. From the morning, I had a clear goal to continue trading in the direction of the established trend. The equal highs formed in Asia were a bit concerning. The lack of interaction with this liquidity seemed unusual to me, but such situations occur occasionally, and we trade what the market provides. In New York, there was a potential short setup, but I invalidated it for two reasons: 1) the absence of interaction with the Asian high and equal highs, and 2) a long context on all timeframes. The hourly timeframe shifted to a short context, and I would like to continue working in the short direction tomorrow, as there is still a significant amount of untouched liquidity. Local targets are marked on the chart. Short positions are a priority in the morning.
On the daily timeframe, we experienced a reversal movement after covering the imbalance.
EURUSDI like how the price moved during yesterday's New York session and Asia. I don't see any signs of a market reversal; it's a clear long context. I am ready to consider long positions from the nearest fractals below since there is currently nothing else to do (imbalances are covered, and liquidity work is present).
EURUSD#EURUSD
Good morning. The euro reached the Asian maximum without opportunities to build a position. Most likely, until the New York session, we won't see potential entries. As mentioned over the weekend, the context is long on all timeframes, so there is no desire to work in the short direction.
EURUSDHello, everyone. Since yesterday's evening review, several important developments have taken place. As anticipated, during the Asian and London sessions, we continued to move in the short direction. Following a news-driven movement in the New York session, we absorbed liquidity formed by yesterday's movement and updated the price maximum. On the higher timeframe, we had a raid on the daily fractal formed on Tuesday. I also marked a potential break of the market structure on the hourly timeframe. If the price confirms below, I plan to work in the short direction; otherwise, longs will remain a priority.