Trendanlysis
[USDCAD] POTENTIAL HARMONIC STRUCTURE IN PLAYGood morning Traders!
From our point of view, the pair could develop a harmonic structure on the intraday chart (4H), so if our analysis is correct, we will try to take short position with a good risk/reward ratio (>1:3).
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Thank you for support and trade with care!
BTCUSD New ATH by next halving BTCUSD - low volume to be continue with more sideways action. New ATH by the next halving date and a bull market afterwards
GOLD, View nexk week: Drop…Out!GOLD, View nexk week: Drop…Out!
W1:
- Tendency: Strong downward
- Broken support and re-testing
- Bearish candle
- Below resistance
- Trendbar: Down !
--> Sell
D1:
- Tendency: Downward
- Broken triangle pattern
- Re-test bounding !
- Below resistance
--> Down
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GBPCHF, Breakout trendline on W1.W1:
- Tendency: Downward
- Closed below resistance
- Pattern: Bump-and-Run Reversal Top
- Breakout and Testing trendline
- Candle W: Bearish candle
--> Break--> Down
EURCAD: Bullish candle on W1 EURCAD: Bullish candle on W1
W1:
- Tendency: Downward
- Test support weekly, given signal bar up
D1:
- Tendency: Upward
- Invert shape
--> Up
H4:
- Tendency: Upward
- Test resistance H4
--> Waiting pullback--> Given signal
----> Buy
GBPUSD, Move to resistance Daily !GBPUSD, Move to resistance Daily !
H4:
- Test Support Daily--> Move up --> Invert shape
- Tendency: Strong upward
( Prior analysis
)
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#Bitcoin 's uptrend resistance > #BTC / #USD > GET THEM ALL >>>Yes, BTC's downtrend continues, but ONLY for now, it'll break through ...
GBP/USD still showing a strong uptrend patternwaiting for previous support to be broken , and than take a long position to the upward trend , wait to see how the Asia market reacts after the recent syria strikes
XLM - Wedge pattern / waiting for breakoutWedge pattern on the daily chart, close to breaking out.
So far, price bounced perfectely on resistance and support (so, still waiting for breakout to happen)
Waiting to see if it's going to be a Bullish or bearish trend.
EUR/USDI entered this trade at 1.19888 and I had in mind a target profit at (1.24180). This large bull stride was fuelled by both a falling dollar and also a lucrative trade setup I use constantly for consistent returns. Upon entry I saw large volume which gave me more confidence, ideally I'm looking for this position to result in more than 500 pips however I'm really happy and will probably ride this trend until I see signs of it going against me.
ENTRY: 1.9888
TP: 1.24180
2/01/2018 USD Analysis"Dollar slides to more than three-month low on first trading day of 2018" www.reuters.com
Waiting For h4 trend down to stop - to find a long term buyNote : switch the chart between h4, d1, w1 Time-frames to get the whole picture
1. Strategic Direction:
- Weekly is in a Trend up phase (based on FZR of w1)
- Daily is in a flat phase
2. Tactics:
- We have FZR of h4 down . That means - trend phase of h4 will proceed until MF PIvot is broken (or other MF regularities appear)
- once the Pivot is broken I will start looking for some signals to buy (FZR'as of smaller TF's)
EURUSD 4HChance to enter long again, price is above its previous support & bounced off the 61.8 level. Price broke out of its counter trend line & is retesting it. I will enter this once the market opens, Price is also above a strong supply zone.
EURUSD 4HPullback to support (Higher Low). Then potential higher high will form up to 1.24 area this month I believe..
EURUSD 4HPrice still in a clear uptrend. High base resistance being broken, & dollar weakness continues to pick up as well. A higher low has been formed, now waiting for a new high to be made as the euro did not end up being talked down. Price bounced off the 61.8 level & is not moving to the upside.
Trade with care! ;)
AUDUSD 60Retail sales news release for Aussie coming up very shortly, this will be a possibility if positive numbers. Watch for pullback to 61.8 level or break of recent high to go long. Watch for strong bullish price action, next upside target around 81.000 supply area
NZDUSD 4H (Pullback) to supply zone??Price bounced off top of counter trend line yesterday. I am expecting a small rebound to the upside to its supply zone, as price rejected uptrend line & is holding above support for now. Quick 40 pip trade then out :)
XAUUSD 4HShort term sell to 1226-1230 range, before pushing back to the upside. Pullback needed before moving higher, & a possible shooting star to resistance forming as well.
