Necklinetrader
USDCAD Sell SetupOn the previous weekly chart we can see 2 candle rejection and make a double top formation
we can try to find opportunity to sell this pair. for the rejection candle we can sell when price retrace 50 percent.
Or we can sell using 2618 trade setup when price pullback to level 61.8
so we can wait on the area of 0.5 - 0.618 to sell.
the first target price ie the previous low and the next target AB = CD
GBPUSD UpsideOn the weekly chart we can see 4 rejection candle on the support area.
and on the daily chart we also have bullish divergent.
So we can try to catch some potential upside movement.
find pullback on the smaller Timeframe for best entry.
1st target 1.33200
Stop below previous low weekly candle
EURJPY Downsideprice is still in correction, and there's still another downside room to complete Gartley pattern.
we can sell on pullback at 61.8 level and testing the upper trendline of rising wedge or from the blue area which retesting the previous resistance structure.
SL above the previous high.
CADCHF ShortOn the daily timeframe we can see price facing some resistance.
-38.2 retracement
-horizontal structure resistance
-EMA34,50,90 confluence
and we have hidden bearish divergent as the sign of continuation.
based on this reason we can expect price to drop again.
entry strategy on H1 we can see price squeezing and we have regular divergent for reversal from minor trend.