Price retraced back to 61.8 Fib in a flag position. Placing buy order above current high since the flag is broken and placing SL below Recent Swing Low.
Price has tested this range over the past several days. I am looking for a break in trend due to this Inverted H&S
Sitting at .382 Fib after bullish run. Also sitting on the 18 EMA and forming flag formation.
1h Flag pattern making support at the 50EMA and 61.8% Fibo. Price is in a clear uptrend 18>50>200EMA on both 1H and 4H Charts
I am expecting a bullish move upwards towards this trend line from the High of the year and then a push back down towards the weekly low and possibly further down. If this move is made it should be before the beginning of the US Session tomorrow. The price 1.405 is right at the 50 and 100 EMAs as well for further confirmation. I will have a 20-30 pip SL
USDCAD has made a pretty decent bullish move and has made a huge flag. I dont normally trade these but you can see how beautiful this setup is. The potential is high vs the risk of this trade. I at least expect it to reach the high at 1.415 and then potentially break higher. I will analyze it deeper if it reaches the first TP.
50% fib from beginning of year, nice trend line. trying sell at 1.336-1.337 ish.
Not that much risk here, this could fall pretty hard.
I'm expecting either a reversal or huge retracement at this price. 1.305 precisely. UCAD is very oversold right now. 1 more push down it will hit the .382 fib from Sept 2017 for the first time. Buyers likely.
Looking to sell at this level.
Thinking EU will retrace at the very least when it hits this purple trendline.
Quick EU trade im taking last trade of the week
Seeing how this will play out.
Possible M formation at the top of a bearish flag forming.