EnricoTrading93

EnricoTrading93

The pair has currently reached a strong resistance level. We can see from the MACD an hidden bearish divergence forming. Any short position at this level can guarantee an high R:R.

EnricoTrading93

I'm looking to short this pair at the current level. Price seems to don't have enough power for the bullish momentum. Stronger momentum will begin once the price will break the level 155.920.

EnricoTrading93

The price failed to break above a strong resistance level. I'm looking to short the pair with the target set on the 50% daily retracement.

EnricoTrading93

Possible Short on CADCHF. Price reached a strong resistance. Looking for short trades is a bit risky so fewer lots are used to manage risk to reward.

EnricoTrading93 Updated 

AUDJPY we have a doji candle formation on the weekly chart. Price struggle to break above the resistance level, after a strong bullish mover the price seems stagnating at this level. Price keeps forming week bullish candles, maybe the trend it's over and price will retrace. As well we have a strong weekly bearish divergence on the MACD.

EnricoTrading93 Updated 

EURUSD Reached a possible point for sell entry. The Price have not broken a point of previous equal high (rejecting it). We have a bearish divergence on the MACD and a sell signal on the QMP filter. Entry is base on the 15 minutes chart

EnricoTrading93

CADJPY Seems to present a good opportunity for a short position. We can see a formation of a double top and Bearish divergence on the MACD.

EnricoTrading93

EURUSD is near to a interesting point of reversal. We can notice as well divergence on the MACD. I will wait patiently and see how it will develops.

EnricoTrading93

From the previous week COT report there are big shorts positions open on the JPY. We can notice how the pair on the Daily chart rejected with a double bottom the pivot CPR with a strong bullish engulfing candle after the formation of a inverted hammer. To notice as well how the CPR aligns perfectly with the bullish channel deviation point. Will look for long...

EnricoTrading93

USDCAD is in a clear downward trend channel, so any long position will be considered risky. After pointing that, we can see that on the weekly chart the price has rejected a strong level of resistance, and is approaching to break the channel upwards. Any long position will be consider only if the price will break and retest the Q1 2021 POC level . The target will...

EnricoTrading93 Updated 

The pair is currently breaking out from a monthly descending triangle. On the daily chart we can notice the price ranging between the POC of March 2021 after few rejection of the VAH of March 2021. The price might retrace to the deviation of the up trending channel before continuing pushing higher. Another entry could be taken if the price break the VAH of march...

EnricoTrading93 Updated 

The pair have reached an area of buy high volume which occurred in march 2020. We can see that on the weekly chart a rejection candle has formed exactly on this area. A long position can be takes after price confirm with an higher low, and a rejection of the next month central pivot. Target can be set at the new month R2 or on the Q1 2021 POC volume area.

EnricoTrading93

The Pair have been in a consistent downtrend since May 2019. At the moment we have some indecision near the kumo cloud and a resistance level ( 0.93706). Price could still retrace to the 61.8 Fib level that coincide with the trendline. At that point we could have two outcomes; 1) Break of trendline and change of trend 2) Retest of trend line and continuation of...

EnricoTrading93

As we can see ERUSD failed twice to break the resistance level around the 1.2000 area (38.2 fib retracement). The Ichimoku indicates a downtrend momentum, but at the moment the Ichimoku lines are flat indicating a sideways momentum. I will look for short position once the Ichimoku lines will indicate trend continuation.

EnricoTrading93

The Pair is currently struggle to break the resistance area. If we will have a breakout of the Kumo clouds with a retest we can expect to target the first TP at 0.70317

EnricoTrading93

The Price after pushing higher in the Wednesday section, seems find difficulties to break the previous trendline to the upwards. More confirmation to the downside when the Ichimoku will align with the price behaviour

EnricoTrading93

Bearish pressure on this pair in the 4H chart. Broken support and the Ichimoku indicates that we might have shit in bearish momentum for the time being.

EnricoTrading93

Excepting a shift in trend momentum in the EURNZD. Wait to see price action confirmation and breakout of the kumo clouds.