Notfinancialadvice
USDCHF- LEG DOWN?According to multiple different time frames, USDCHF has been rejecting the .91750 zone multiple times. Just recently, price has rejected thus price again. We can more than likely enter a position with a proper S/L and about a 80-120 pip TP. This is not financial advise, just a speculation.
EURCAD- W SHAPE ENDINGAs commonly known to most, the letter "W" is seen often. Whether this be in reading, or in forex, it's very easy to catch. As we see here on the 4h timeframe, EURCAD has just formed an over-extended W formation; meaning that it went down, then up, then down, then up again.
Often, after this pattern is formed, the currency moves to the downside. I have strong feeling that EURCAD is done moving for now and will make a move downwards also due to my other strategies (which I will not explain much upon) . Use your own due dill if you decide to enter a position. Please remember I am not a financial advisor and this is just my opinion.
GBPNZD- WHAT'S NEXT?!Hello beautiful reader & thank you for viewing. GBPNZD FX:GBPNZD
Today, we see that GBPNZD is nearing a very common supply and demand zone, therefore we must wait to see if it would like to react corresponsive to our current downtrend, or if it would like to retest where we first entered our longs(1.91200). Keep in mind price can potentially do neither of those options and just completely move upwards after a short pullback. I am still bull bias on this pair unless it breaks another major structure downwards; & will be looking for more long opportunities if the chance is provided.
Keep in mind I am not a financial advisor and this is just my opinion.
GBPCHF - ONLY SHORTS FOR NOWMy speculation is we will not see any long opportunities, besides retracements(which is a patient game, not a trading game). Price has rejected off of a very commonly known support/resistance zone in its range. Use risk management when entering a position after retracement, and use a 3+ R/R. This is not financial advise just an opinion .