USDCAD❗UP trend!⚡Currency pair US dollar Canadian dollar USD / CAD continues to move within the correction and the downward channel. At the time of publication of the forecast, the US dollar rate against the Canadian dollar is 1.2361. Moving averages indicate a short-term bearish trend for the pair. Prices have broken down the area between the signal lines, indicating pressure from sellers and a potential continuation of the fall in the price pair in the near future. At the moment, we should expect an attempt to develop a fall and a test of the level near the 1.2275 area. Further, an upward rebound and continued growth of the currency pair on Forex. The potential target of such a movement of the instrument is the area above the level of 1.2555.
Have a nice trade!
Long-short
GBPUSD❗Selling pressure💲GBP / USD four-hour chart. The currency pair remains under pressure from the overbought area. Buyers are still unable to gain a foothold above the four-hour supertrend line. Therefore, as a priority, we consider the scenario from the beginning of the downward movement in the direction of the daily supertrend line.
Trading solutions: sell 1.3700, take profit 1.3620
Have a nice trade!
MIRUSDT Daily S/R| Range Low| Price Action| Trend Evening Traders,
Today’s analysis – MIRUSDT 0 trading at a key Daily S/R where holding this level is deemed bullish,
Points to consider,
- Price Action Impulsive
- Daily S/R Support
- Range High Resistance
- Low Volume
MIRUSDT’s immediate price action is trading at a key level where holding this support allows for a bullish bias.
The range high is the immediate objective, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, MIRUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Sometimes the best trade is no trade.” – Anonymous
USDJPY❗Going up📈USD / JPY four-hour chart. The pullback movement continues to develop on the chart. The price is approaching the level of 114.0. Today we expect the growth of quotations above this mark. The nearest target is at the level of 114.35. In the medium term, we can see the growth of quotations to the reversal level of 114.84.
Trading solutions: buy 113.85 take profit 114.35
Have a nice trade!
GBPUSD❗Go down??💲GBP / USD four-hour chart. The currency pair remains under pressure. The price is holding below the four-hour supertrend line. Against this background, we continue to consider the scenario with the development of a downward movement as the main one. The first short-term target is at 1.3710.
Trading solutions: sell 1.3775 take profit 1.3710
HAve a nice tarde!
DYDXUSDT Price Action| Swing Low| Trend| Volume Evening Traders,
Today’s analysis – DYDXUSDT – trading above its current support level where a deviation to the highs is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
- Range High Resistance
- Low Volume
DYDXUSDT’s immediate price action is impulsive, holding a key level as support, allowing for a bullish bias.
The Range High is the immediate resistance, exceeding this level will lead to a trend continuation.
The current volume profile is below average, an influx is highly imminent when testing a key trade location.
Overall, in my opinion, DYDXUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps,
Thank you for following my work
And remember.
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” – Ed Seykota
EURUSD Morning OutlookNot going to rush anything this morning, PA has been a bit choppy from last week and would prefer the market to truly show its hand. The longs from the demand zone marked are the HP so far which will take us up into a nice 4h supply but as always lets see what price give us. Have a great start to the week traders.
EURUSD📈Bullish mood❗The four-hour chart of the EUR / USD pair. The currency pair is still holding above the daily super trend line. As a priority, we continue to consider the scenario with the development of an upward movement and the price exit from the local sideways upward. This scenario will be canceled after the price drops below the daily supertrend line.
Trading solution: buy 1.1620 take profit 1.1719
Have a nice trade!
EURUSD💲Reversal level❗The four-hour chart of the EUR / USD pair. The currency pair continues to trade near the support level. Buyers are increasing upward pressure, so the level may be broken in the near future. Recall that earlier the price bounced up from the reversal level and, as part of the reversal pattern development, the next growth target is the main support / resistance level of 1.1719.
Trading solution: buy 1.1625 take profit 1.1719
Have a nice trade!
BTCUSD long - 80k, Fake Out or bullish ContinuationLet's discuss guys. What do you think. Is this a Fake Break Out or are we going to push up higher.
As I mentioned in my previous analysis, BTCUSD should go up higher. My target for this year should be between 70-85k. We are approaching this Zone very soon.
I explained this theory based of the past Cycles and past movements. I just view Bitcoin repeating itself but just expanding it when it comes to the time range.
This is super logic. The price needs more volume, more liquidity and at the same more time in order to do the same percentages.
We can see that the price made the same percentages during the Swing Low and Swing Highs.
Let me know in the Comment what you think?