Pending order once triangle is broken. RISK: Was above cloud, In a sideward trend.
Overall trend is downwards Pending order: SELL once Countertrend line is broken Price expected to retrace to 129 Fibonacci Pending sell at 130.077 T/P#1: 129 Fibonacci T/P:#2: 127 Fibonacci
Below the cloud. Counter trend line broken. In surplus area, Etc etc. Taking back down to balance, taking trade back down to 0.61 fib
Bouncing off surplus area,ETC ETC, The usual. Taking trade back down to the counter trend line.
Touching counter trend line, Strong resistance. Expecting to touch back on the previous support, Pair is oversold Only take this trade if second to last resistance is broken.
USDCAD is expected to go back up into the control price. RISKREWARD: 1:4.89 Moving Average indicates that current trend is up Ichimoku cloud conversion line and base line indicate an upcoming uptrend Price is in the Buy area Prices are hovering above the 61.18 fib level Price is bouncing on counter trend line Note: will only take this trade if...
Price is expected to return to the median. RISKREWARD 1:3 Asset is oversold Moving average indicates a uptrend Price is on the support line Price is in the deficit area.
Strong uptrend on the 1 hour time frame. Price is above the cloud This would be considered counter trend trading as seeing we are on a downtrend on the 4 hour and 1 day chart and I am basically trading a correction at this point. Prices are also above the 23 fib level.
Here we can see on the 4 Hour chart that the Stochastic Oscillator is giving us the buy signal. We are also in our demand zone and the uptrend retest our previous structure high. We are also above the ichimoku cloud and our two SMA intersected. Price retraced to our 61Fib levels. Expecting price to push up to equilibrium