KreditK

KreditK

From a long-term outlook, USD/CAD is bound to fall as price has broken the last major swing, and is currently in a retracement for the upcoming down-trend. Price should fall around the current level or push higher towards the .618 retracement at 1.38812 (Weekly resistance) and then fall down towards targets of 1.18500 and 1.10500. Also, keep in mind that a...

KreditK

This pair is currently resting at a Monthly support level. I marked off the macro swings with the arrows, and based on that structure, price broke higher and is currently retracing to eventually pull further ahead. The only thing to watch for is the fact that price broke past the last minor swing as marked by the red line, yet if we go by the macro play, a new...

KreditK

Price has broke past the last major LH and is stumbling around the Monthly resistance level. This pair could possibly head down to retest around the Weekly support level at 1.6750, and then shoot further ahead towards 1.77 handle.

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At the moment , on a Daily time-frame, we can see structure representing LHs and LLs, respecting the resistance-based trendline. If we step up to the weekly time-frame, we will see that price is currently in a range-bound market, and should be popping up after the trendline breaks. Shorts are good for the short-term, but then we can expect a major move to the upside.

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Continuation of a macro down-trend. Price should head up to retest previous levels of structure (previous LL), and then head further down towards the 1.272 extension, followed by 1.618 extension.

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Price has moved out of consolidation zone after it broke and closed above the high marked by the red horizontal line, and is now on its way to return back towards the Weekly support line and purple region. If this follows suit, an uptrend should emerge with price heading upwards towards the 1.272 extension/Monthly resistance region.

KreditK

2 Scenarios: Price breaks past the red line drawn above, retests and continues up Or.. Price breaks out of purple box, heads towards Monthly support, comes back for retest, and falls..

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Possible Trade

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Possible Play.

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Structure confirmed based off of lower time-frames. Price is expected to bounce off of the Monthly support region and 38.2 retracement level. SL slightly below Monthly support. TP 1 is next Weekly support, TP 2 is 88.00 region, TP 3 is 1.272 extension.

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Structure is presented. It's possible that the past leg was extended extremely far and we are still in a downtrend. On the other hand, we could be in a newly formed uptrend and price is bound to reverse at the box drawn (Monthly support level as well). We shall see. The trade given is a continuation of the bearish trend based on minor structure. TP 1 is 80.00, TP...

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Structure presented by the arrows. SL is below the box for Monthly resistance. TP 1 is 1.56750, TP 2 is 1.57655 (1.272 extension), TP 3 is 1.61 (1.618 extension).

KreditK

This pair has broken the downside as seen by the last leg that was fibbed-out. Price is expected to travel to the demand-now-supply zone and then fall down the 1.272 extension. Simple.

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Structure broken to the downside as witnessed by the arrows, price is traveling to a (demand-now-supply) zone, coupled with divergence and trend-lines; price is "expected" to travel to a TP 1 of 1.35 and TP 2 of 1.335. SL should be higher but the area it is currently at appears suitable.

KreditK

Structure is broken to the upside based off of the long leg up seen on the left corner of the chart. Price retraced, and should continue until the 1.272 extension which is around the 1.3150 handle. SL is a little tight, but this could turn out to be a great trade. I monitor my trades off of the 2H and lower charts to get out early if price doesn't move as planned.

KreditK

Structure continued to the downside when price gapped at the last major LL. Very long-term play for those who love to hold for multiple days/weeks. SL is above the box, major divergence, 78.6 retracement, etc. Target 1 is 1.5875 which is weekly support. Target 2 is 1.54 which is 1.272 extension .

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Bounce off of previous structure, 38.2 Fib; coupled with trend lines, divergence, etc. Stop Loss is ideally a bit lower. Target is 1.6869 (127.2 Extension) Target 2 is 1.6934.

KreditK

Posted a long before, but analyzed the pair way too quickly. Price halted near the Monthly Res/Supp multiple times and higher time frame structure indicates a break to the downside. Varies confluences are presented, yet the SL is set a little further away just in case. The dollar is "supposedly weakeaning" but I won't be convinced for sure until I see a full break...