EURCAD 4/21 - 5/24 4 hrs bos confirming trend continuation
WEEKLY TRENDLINE being respected from the breakout of previous trend WEEKLY DOUBLE BOTTOM or "W" formation first confirmation of reversal, left bottom in JANUARY 21' and right bottom in MAY 21' AFTER BREAKOUT WEEKLY BEARISH TREND Market starts forming HH's and HL's creating a weekly bullish trendline with bullish continuation patterns... candles on daily and...
UsdCad has been in a bullish considation zone since June 2017... For the past 4 months its been gradually falling but i see opportunity to hop back into a perfect buy for the next few weeks off a double bottom on the Daily which is touching a monthly resistance, so possible swing trade for 600+ pips
USDJPY has been in a monthly bullish uptrend since the first week of 2021 creating HH's & HL's while bouncing off my symmetrical trendlines perfectly. It wasnt until the first week of July 2021 where we see on the 4hr that price was 1. 'OVERBOUGHT' indicating time to sell soon in addition to 2. 'NFP' (every first friday of the month) making the market just plummet...
USDxxx (CHF,CAD,JPY) have always been in a down trend which mainly means DXY is doing the same and if you know when to enter it could be very profitable. Clearly a BEARISH TREND on Monthly, Weekly the market shows a breakout of the YEARLY BEARISH TREND RESISTANCE LINE but never broke above the previous LOWER HIGH to confirm a trend reversal. After the trend...
SIMPLICITY IS KEY!! Pretty self explanatory what's happening on EU with simple price action 13 year 'Monthly Bearish Trend Channel' 1."TRENDLINES" (once price approach these on the timeframe drawn, I use for judging if the market will 'continue with the trend' or if candles break trendline then possible 'reversal') WATCH OUT FOR FAKEOUTS cause banks love to...
GBPUSD has been dropping for the past 5 months (April 2018) and i think its an opportunity to ride the wave a bit more... Even though i caught a few pips when the market was bullish briefly, i wouldnt recommend going against the overall daily trend so im all in for a Sell the next few days
EURCAD weekly chart shows it just brounced off a major monthly resistance after forming an inverse head&shoulders and looks like could be forming a double top ... could take a few days but im waiting for retest then a huge drop to my first demand zone but we could be seeing 2500+ pips with this pattern over the next few months
my last post 10 hours ago i predicticted a sell limit off a decending triangle you can count the pips but waiting for another possible entry for the overall daily trend
on the EURUSD 15 min chart i see what looks like a Desending triangle forming so possible chance to catch another entry on the 4hr downtrend
i see on the 1hr/4hr it is in its final stages of forming a Rising Wedge pattern so perfect entry oppurtunity off this high low
I've been eyeing the USDJPY pair for days just watching as a Rising Wedge pattern was forming on the hour/daily chart ... i would go down to the 5min-15min and check structu re lines for an entry
i was anaylying the EURJPY and realized that USDCHF was basically doin the same thing as it did over the past weeks on a 4hr chart so i made a prediction and its right so far but will update over the week
I would short the NZDJPY and put at sell limit at around 80.000 because the 4hr/1D down trend is forming a LowHigh ...wait for pullback and confirmation before entering