The EURCAD pair broke the long term falling trend on the 4HRs time frame, We might see a move to the upside, the pain is also trading close to the daily demand zone, which supports the idea of the trade, we recommend of placing a buy position at 1.4355, and placing the SL at 1.43000 and target at 1.45500. ( 2 more target are shown on the chart).
We recommend taking a short position in the pair USDCHF
as the pair broke the daily bullish trend line and now forming a falling trendline in the same timeframe. Another confirmation we took into consideration is the possibility of forming the head and shoulders pattern, which may open more room to the move downside towards our last target. Take this trade if you...
CAD-JPY pair has reached a strong horizontal resistance zone in the weekly time frame. The pair marked an positive movement to the upside for a while and we believe that its going to make a correction to the downside. Not to mention that fib retracement could act as a strong supports to our trade. However, we still can notice that theres a bullish flag about...
We recommend taking a short position in the pair CHFJPY. as seen in the chart the pair entered a local resistance at the level 120 and also encountered the broken the weekly broken trend line which acted as a resistance and rejected the price several time, we believe that the price will go down and head firstly to the 4 hours support where we placed out 1st target...
The EURAUD pair is now approaching a local support zone on the 4HR time frame and we are expecting it bounce back up. In addition to that, the 1-5 Elliot wave structure shows that the pair is at its fifth up-trending wave. As it is apparent from the targets, we are expecting the pair to breakout of the descending channel and towards the goals. Take this trade if...
