USDCAD and Buy Area (29/6/2020)Pending order
Buy limit
1.36095
SL at 1.35717
TP1 at 1.36473 (RR 1:1) use Trailing Stop
TP2 at 1.36860
Usdsignals
USDCAD on a sustainable reboundA while ago, I posted the following chart, saying that USDCAD was 'still far from a long term buy'. The conditions are finally set for the pair to be a fair long-term buy opportunity:
Pattern: Channel Up on 1W.
Signal: Bullish as the price rebounded on the 1W MA50 while the RSI hit its long-term Buy Zone.
Target: 1.4200 (first Resistance) and 1.46800 in extension (Higher High zone of the 1W Channel Up).
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USDJPY Buy SignalPattern: Descending Triangle on 1D.
Signal: Bullish as long as the 106.00 Support holds.
Target: 108.500 (around the Lower Highs trend-line from March 24).
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Most recent USDJPY signal:
EURUSD Sell SignalPattern: Channel Down on 4H.
Signal: Bearish as long as the 4H MA50 is intact and the Support 1 breaks.
Target: 1.11250 (just above Support 2).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
USDTHB Long term Sell SignalPattern: Channel Down on 1W.
Signal: Bearish after a rebound is completed on the 1W MA200.
Target: 30.150 and 29.300 in extension.
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EURUSD Trading PlanPattern: Channel Up on 4H.
Signal: (A) Bullish as long as the price is trading above the upper level of the Support Zone, (B) Bearish as long as it breaks below the lower level of the Support Zone.
Target: (A) 1.1450 (just below the Higher High of the Channel Up), (B) 1.1050 (expected contact with the 4H MA200).
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GBPUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price is approaching the Lower High zone of the pattern.
Target: 1.1950 (Lower Low trend-line).
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Previous GBPUSD idea:
EURUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price entered the Sell Zone (red rectangle) of the pattern and is still below the 1D MA200 (hasn't been crossed since March 30). Also the RSI is on its 2 month Resistance.
Target: 1.08200 short-term (the Higher Low blue dotted trend-line) and 1.07000 medium-term (top of the Buy Zone of the pattern).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
Most recent EURUSD signal:
NZDUSD Trading PlanPattern: Channel Up on 1D.
Signal: (A) Bullish as long as the pattern's bottom line holds, (B) Bearish if it breaks.
Target: (A) 0.61000 (just below the inter-pattern Lower Highs) and (B) 0.59100, 0.58450 (Support 1 and 2 respectively).
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Latest NZDUSD signal:
USDCAD Still far from a long term buyPattern: Channel Up/ Bullish Megaphone on 1W.
Signal: Bullish once the price hits the 1W MA200 or the 1W RSI enters the Long-term Buy Zone.
Target: 1.46800 (bottom of the Higher High Zone).
EURUSD Buy & Sell patternPattern: Channel Down on 1D.
Signal: Buy inside the Green Zone, Sell inside the Red Zone (in accordance to the Blue RSI Rectangle as well).
Target: 1.09300 and 1.0700 respectively
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Recent EURUSD signal:
GBPUSD Trading planPattern: Megaphone on 1D.
Signal: (A) Bullish if the 1.2655 trend line breaks and (B) Bearish if the 1.2160 trend line breaks.
Target: (A) 1.3200, (B) 1.1600.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
USD/RUBHI EVERY ONE
In this chart, USD / RUB hit its support line and goes up to the specified point.
have a nice day.
EURUSD Sell SignalPattern: Channel Down on 1D.
Signal: Bearish as the price is testing the 1D MA50, which has previously been a rejection point.
Target: 1.07150.
* This is a continuation of our previous Sell Signal which has already hit its first (1.08350) target:
EURUSD Sell SignalPattern: Multi year Channel Down
Signal: Bearish as the price is on the 2nd straight red 1D candle, having been rejected within the Lower High (Sell Zone) of the Channel Down.
Target: 1.0835 (0.618 Fibonacci retracement) and 1.07150 (just above the Buy Zone).
AUDUSD The long term fallPattern: Multi year bearish channel with Lower Highs and Lower Lows since 2010. The sequence is similar to the 1989 - 2001 period.
Signal: Bearish on the next contact with the 0.382 Fibonacci level.
Target: 0.5000 (just above the 0.47500 Support and the -0.236 Fibonacci)
EURUSD Action planPattern: Channel Down on monthly since June 2018.
Signal: (a) Bullish as long as 1.06500 holds, (b) Bearish if it breaks (potential pattern breakdown symmetrical to the break upwards earlier this month).
Target: (a) 1.08500 (potential contact with the 1D MA50 (b) 1.04100 (the -2.40% decline similar to the +2.40% outside of the pattern occurred in May 6th).
CHFUSD Sell SignalPattern: Rejection on the 1.088 Resistance.
Signal: Bearish as the 1D MA50 has been broken and the MACD made a bearish cross.
Target: 1.000 (just above the Symmetrical Support).
GBPUSD This feels like the Brexit sell-offThe current sell-off is similar to the Brexit shock on GBPUSD on June 24, 2016. Once the price got detached from the 1D MA50 it declined nearly -15% from the top. The reaction at the bottom was a pull back to the 0.236 Fibonacci level. The new (lower) High was confirmed by the MACD roll-over. If the same sequence plays out, then we see 1.1800 as a (lower) High. It is a risky trade though under the circumstances.
Previous signal:
EURUSD Break out SignalPattern: Rectangle on 4H within the 0.382 and 0.618 Fibonacci levels.
Signal: (a) Bullish if the 4H MA50 (blue) breaks, (b) Bearish if the 4H MA200 (orange) breaks.
Target: (a) 1.14000 (the 0.786 Fibonacci retracement level, (b) 1.08000 (just above the the 1D Support).
EURUSD Buy SignalPattern: 4H Channel Down.
Signal: Bullish as the pattern is testing the Lower Low trend line.
Target: 1.10300 (right on the 4H MA50).
*note: invalidation of pattern if 1.0940 breaks. In that case short to 1.08880.
Recent signal on EURUSD:
EURUSD Sell SignalPattern: Channel Down on 4H.
Signal: Bearish as the pattern broke below the former Higher Low trend line made a Death Cross and the 4H MA50 rejected the last spike.
Target: 1.10400 and 1.1000 in extension.
GBPUSD Sell SignalPattern: Ascending Channel on 1D.
Signal: Bearish if the Higher Low trend line breaks (dashed line) and in extension if the Symmetrical Support 1 breaks.
Target: 1.2800 (condition 1) and 1.2500 (condition 2) in extension.
