H4
AUDCAD / H4 / Daily Forex Technical Analysis / 4.16.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 16th, 2019 and we will be taking a look at the Australian Dollar against the Canadian Dollar. Looking at the 4 hour time frame, we are looking for a retest of the .95689 area to look for possible long entry. Entry for a Long position near the .95689 area, with a Stop Loss near the .95512, could yield a profitable trade with a 2 to 1 R/R. Also keep in mind traders if we take out the local high there is room to run to the next area of support and resistance which would be near the .9630 area and breaking that region would put our next target level near our marked area .96558. We are so humbled to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EURUSD - staying away from this breakoutIn the past couple of moths the euro was breaking to the south. However USD is getting dovish tones from Fed and the economy. This current situation is way too 50-50% for me to take part.
Risk event : Wed, EU CPI data -> if softer, euro will suffer
Trade plan
- wait for the direction of the breakout
- if clear fake out signal appears -> trade it
- otherwise, wait for backtest and then enter into position
AUDUSD / H4 / Daily Forex Technical Analysis / 4.15.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the Australian Dollar against the US Dollar. Looking at the 4 hour time frame, following the breakout of the wedge were looking for some more bullish continuation to the upside. With possible bullish momentum continuing to extend this bull flag that is forming we are looking to go Long and get some more pips out this one. Entry for a Long position near the .71655 area, with a Stop Loss near the .71498 zone, to ensure a profitable trade with a 2.39 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EURCAD / H4 / Daily Forex Technical Analysis / 4.12.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 12th, 2019 and we will be taking a look at the Euro against the Canadian Dollar. Today we are unfortunately a bit late to the Daily Forex analysis, but there is still some life left to this analysis, and we can can analyze the outcome together. Looking at the 4 hour time frame we were looking to enter a Long position near the 1.50498 area, with a Stop Loss near the 1.50226 area, would have ensured a profitable trade with a 2.24 to 1 R/R. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
EURUSD / H4 / Daily Forex Technical Analysis / 4.11.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 11th, 2019 and we will be taking a look at the Euro against the U.S.Dollar. Looking at the 4 hour time frame we can see we have made a series of higher lows and price action is now consolidating above major key support and resistance near the 1.12548 area. With this consolidation we will be looking for a optimal long position to set its self up. If we break out to the upside past the most recent highs, it could set up a profitable long. With a long entry above the local highs around the 1.12881 area, with a stop loss near 1.12477, and a profit target area of 1.13605, we can ensure a R/R of 1.79 to 1. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
NZDUSD Bullish Breakout on H4After weak US data earlier today the down trending pair was met with indecision which may have just come to an end with a break above the H4 upper trendline boundary. Looking to move back into the range defined by the daily trend which which was broken a little over a week ago.
USDCAD / H4 / Daily Forex Technical Analysis / 4.10.2019Hello Traders, welcome to the DAILY Forex technical analysis. Today is April 10th, 2019 and we will be taking a look at the U.S.Dollar against the Canadian Dollar. Looking at the 4 hour time frame we can see consecutive lows throughout the current area of support near the 1.32951 levels. We can see price action have a beautiful bullish rejection of the 1.32951 support area. With that bullish bounce it may be possible to get a minor retrace closer to that area of support setting us up for what can be a trade within optimal conditions to be profitable. With an entry Long near the 1.33091 area, with a stop loss set near the 1.32803 area below the low of the bullish reversal. Targeting the 1.33668 profit level may ensure a profitable 2 to 1 R/R. We are so grateful to have you as an audience, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!