Besides my EURCAD trade, I'm buying this pair, big potential in my point of view. Price retested a support level which has been rejected 3 times now EMA 10 above EMA 20, so a buy is still ok No price signal but I take the risk Agressive managment
Price lately shown support rejection of level 1.46 which is also a weekly level. The engulfing candle followed by the pin bar are great price action signal I like to trade. The pair is still in a uptrend and price formed imbalance Agressive managment, I move SL for each 1R.
USD regaining some strength. The pair has also a good bullish setup on weekly timeframe
As I said on my USDJPY analysis, US PMI came out higher than expected which could mean hawkish fed remaining. The week candle is about to close higher than the previous one with a bigger body, very bullish for me. I already made a good trade this week on the pair and I'm looking to buy it again the next week. If price retrace around my interested buy zone and...
Today US PMI came out higher than expected which could mean hawkish fed remaining. I mark on the chart a buy zone that I'm really interested to buy for the next week, I already have a BUY ORDER at 133 ; SL 132 ; TP 135.75 I expect to be triggered on a candle wick. If price consolidates above my entry price, I will probably enter manually
We got pretty nice rebound after retesting 1.330 level and yearly trendline support Canada Inflation is decreasing and Fed is likely to continue rate hikes next month. WTI oil is also down, bad for CAD
Stocks market is about to close and I really like the pin bar that has formed with the wick on this weekly resistance. Also, Powell was talking in the FOMC minutes about a recession later this year, with a recovery over the subsequent two years. SL above the wick and TP at 4000, potential next support level
EN The pair is retesting for the 4th time the bottom of this bullish channel with price forming lower high. A range has formed which looks similar to the january range so the same scenario could occur. I already took the trade because of the 2 pin bars but to confirm the bullish trend, the price has to breakout the current price range (132.90). Price action...