Fmunye

Fmunye

price action broke out of the trend line which was acting as dynamic resistance once broken price came back to retest and create a higher low. with the confirmation of a fib level support, price action gave me 1 hour pin bar close with morning star formation.

Fmunye

price action came down to an area of support. through three sessions price action created an inverse head and shoulder with a morning star formation candle stick. we were also looking at getting good data on employment front which we did and now we are seeing this bullish momentum heading to our target.

Fmunye

price action still in an uptrend even though we have seen bearish momentum for the past two days, I still expect short term bullish bias before long term selling pressure resuming.

Fmunye

EURCAD has been in a downtrend for a long time, however with price failing to break monthly resistance and creating a double top ( market formation) price has managed to break out of the uptrend created in the 4 hour and break through weekly support heading towards our monthly support. FOllow exclusivefx_23 on instagram.

Fmunye

long position key level 0.87000

Fmunye

EXPECTING A RETEST OF DAILY SUPPORT

Fmunye

wait for break of the weekly range and then retest before continuation= this may occur after JPY news and cad news> fundamental trading plus technical analysis

Fmunye

LONG

Fmunye

Price has found a solid support, also I was able to spot a head and shoulder pattern however due to confirmation we need price to break support retest and then go short!!

Fmunye

This market is in a strong up trend, it has been for the past since 2017. at the moment price has currently broke through weekly resistance and has retested this level I am now looking for more upside confirmation and checking lower time frame for candle stick formation could potentially see an up move of 100 pips possibly more. looking at daily we closed...

Fmunye

monthly falling wedge continuation price has bounced off daily support and now its being rejected by resistance at 38.2 fib if price breaks this level i expecting a retest before i decide to go long. At the moment price is trying to create double before we push on the upside.

Fmunye

Melting due bearish flag

Fmunye Updated 

This pair has been stuck in range for a period of time. waited for clean break on 4 hour time frame from range it was stuck in and the trend that it was in. after i waited for retest before going short and holding it over night. price returned to supply zone and weekly support. price can go down either further however with NFP within the next 30 Mins anything can happen.

Fmunye

Price has previously broke weekly resistance 4 times on daily time frame. However price has found support at 0.73234 this being confirmed by fib extension as it lines up clearly with 61.8. This also indicates to me that there is a lot of confluences within this area. furthermore I have been able to identify two possibles for this pair, if price breaks above...

Fmunye

This chart is in monthly downtrend, it has broken weekly support also 50% fib. However price is right now at daily support, I am waiting for price to break daily support on 4 hour chart whilst also breaking the liquidity trend line as this gives me confirmation that price could potentially be going short, However I will wait for retest before making any decisions...

Fmunye

clear head and shoulder pattern trade long position.

Fmunye

we can see a double bottom where price is at now however if we look back we can spot that price has been rejected by weekly resistance and resulted in downward move Broke daily support and liquidity trend line retested before moving a downward move. price stuck in range waiting for a break after retesting previous high. target new daily support.

Fmunye

PRICE has hit weekly resistance, it then broke out of the LT it has retested that trend line before going short. Also with USD personal income being positive it has given USD currency strength and caused EU to push price down towards daily support.