USDCAD: Local Bearish Reversal 🇺🇸🇨🇦
USDCAD is trading within a huge rising wedge pattern on a daily time frame.
After a test of an upper boundary of the wedge, the price formed a double top formation
and violated its neckline yesterday.
We may expect a bearish movement to the support of the wedge now.
❤️Please, support my work with like, thank you!❤️
Swingtrader
NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
❤️Please, support my work with like, thank you!❤️
NZDCHF: Huge Demand Zone Ahead 🇳🇿🇨🇭
NZDCHF has recently broken and closed above a wide horizontal resistance area,
the broken structure turned into a demand zone.
The price is retesting that structure at the moment.
I think that a bullish wave my initiate from the underlined blue area.
Next resistance will be 0.547
❤️Please, support my work with like, thank you!❤️
EURCAD: Waiting For Bullish Wave 🇪🇺🇨🇦
I spotted a confirmed bullish reversal on EURCAD.
The price formed an inverted head and shoulders pattern
and violated its neckline with a high momentum bullish candle this week.
The market became quite overbought and we see a correctional
movement at the moment.
The growth may resume after a retest of a broken neckline.
❤️Please, support my work with like, thank you!❤️
Small trade opportunity in ALLSECSmall trade opportunity in ALLSEC. As the market is highly volatile. Make sure to have the correct stop loss as the trade might get reversed immediately.
Target 1: 950
Stoploss: 820
Happy Trading!
EURCAD: Confirmed Bullish Reversal
EURCAD formed a huge inverted h&s pattern on a daily time frame.
The market broke and closed above its neckline yesterday.
To me, it is a confirmed bullish reversal on the pair.
We can anticipate a bullish movement now.
Goal - 1.47
❤️Please, support my work with like, thank you!❤️
CADJPY: Bullish Trend Continues 🇨🇦🇯🇵
CADJPY is trading in a long term bullish trend.
After an extended correction, the market resumed growth
and set a new higher high higher close on a daily, violating a key horizontal resistance.
We can expect a bullish trend continuation.
Next resistance - 112.5
❤️Please, support my work with like, thank you!❤️
NZDJPY: Bullish Trend Will Continue 🇳🇿🇯🇵
NZDJPY is trading in a long-term bullish trend.
The price has recently set a new higher high higher close on a daily.
We see a correctional movement at the moment.
I believe the growth will resume soon.
Next resistance - 92.0
❤️Please, support my work with like, thank you!❤️
Down to 2 positionI have started this week with a pair hitting my Trailing Stop Loss. It ended up with 312 pips gain.
What a wonderful journey.
And now I am down to 2 open swing positions and still yet to find out when will they finally hit the set Trailing Stop Loss.
In the next coming weeks, I will also start testing a new improved Swing Trading Strategy and I am so excited about it.
Stay tuned everyone!
Yemi_Fx1 | Bearish Setup on NZDUSD Hello folks,
OANDA:NZDUSD is one of the pair I have on watchlist this week.
NZDUSD has been trading within an ascending channel since .
Price recently tested the 1HTF supply zone at 0.61584, a potential resistance zone.
From Daily Timeframe:
The pair is currently in a consolidation phase following a downtrend. We're expecting a continuation of trend on this time frame.
However, on 1HTF we may experience a pause in price to provide a continuation pattern giving us an opportunity to join the train or we just wait for the complete break and retest of the structure to then go Short on it.
If you found this helpful please support your fellow trader with a like.
GBPNZD: Preparing For a Bearish Wave 🇬🇧🇳🇿
Have a look at that bearish imbalance that was formed on GBPNZD
on a daily time frame on Friday.
With one single bearish candle, the price violated a neckline of a
descending triangle formation and a key horizontal support.
The market is retesting the broken structures at the moment.
I believe that a fall will initiate soon.
Next support - 2.0372
❤️Please, support my work with like, thank you!❤️
NZDCAD: Bearish Wave is Coming?! 🇳🇿🇨🇦
Have a look at NZDCAD.
After a strong bearish wave that initiated at the beginning of January,
the pair was consolidating for 2 weeks.
Friday's NFP was very bearish for the pair and the market set a new lower low lower close
on a daily, violating a key horizontal support.
It may initiate a new bearish wave.
Next support - 0.8115
❤️Please, support my work with like, thank you!❤️
GBPNZD: The Price May Go Lower 🇬🇧🇳🇿
GBPNZD formed a double top formation after a test of a key horizontal daily resistance.
We saw a strong rejection from the upside yesterday.
It makes me think that the market may drop lower soon.
Next support - 2.0615
❤️Please, support my work with like, thank you!❤️
AUDCAD: Clear Strength of the Sellers 🇦🇺🇨🇦
We got a double bearish breakout on AUDCAD.
The price violated both a solid rising trend line and a wide horizontal demand area.
We see a very nice rejection after a retest of a broken trend line.
It makes me think that the pair may drop much lower.
Next support - 0.878
❤️Please, support my work with like, thank you!❤️