HOW TO TRADE MARKET STRUCTURE
1) WE CAN SEE THAT USDCAD HAS BEEN IN AN UPTREND MAKING HIGHER HIGHS & HIGH LOWS. THIS IS DISPLAYED WITH THE A-B-C-D MOVEMENTS
2) AT 'C' WE REACHED A KEY RESISTANCE ZONE AT 1.42500 RESULTING IN THE NEXT PHASE OF THE UPTREND TO CREATE A NEW HIGHER LOW AT D
3) AT 'D' USDCAD BEGINS THE NEXT PHASE OF OVERALL UPTREND AND ATTEMPTS TO...
With reference to previous analysis on the pair it looks like USDCAD is a channel play - the ascending trend line has been broken and tested - expecting shorts all the way to our downside target zone.
For more detailed information on how we identify trade set ups, entry ,exit points and how we manage trades and how you can take advantage of the markets like us...
PREVIOUS EURGBO HIGHLIGHTED A POSSIBLE CHANNEL PLAY WHICH WAS A SUCCESS. DOWNSIDE TARGET WAS ACHIEVED
IT LOOKS AS SUPPORT HAS BEEN FOUND AT OUR DOWNSIDE TARGET ZONE AND NOW A BULLISH LEG TO THE UPSIDE TARGET ZONE WILL HAPPEN.
A BREAK OF THE COUNTER TREND LINE WILL SIGNAL LONGS IF WE BREAK THE PRICE DECELERATION ZONE I CAN SEE UPSIDE TARGET ZONE BEING REACHED
...
USDCAD TWO POSSIBLE SET UPS
SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)
SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line...
EURGBP HAS BEEN VERY BULLISH THE LAST FEW DAYS
It has traded nicely within this ascending channel, price stalled and is starting to go down at the recent upper bound the pair is looking like it is pulling back to the lower bounds of the channel.
The Price Acceleration/Deceleration Zone will be key in determining where this goes next. If price stalls here and we...
USDCHF SIMPLE CLEAN SET UP
A break of the counter trend line should warrant longs to resistance zone highlighted if we break this upside target should be achieved
HOWEVER
If price manages to hold below the countertrend line and we see a break of the ascending trend line we should see downside targets achieved.
For more detailed information on how we identify...
A break of the ascending trend line will warrant short to the downside target highlighted (127.512)
HOWEVER
If price manages to hold above the trend line we could see longs to the upper bound of the channel (130.500) - if we break the channel the upside target highlighted could be achieved (131.992).
For more detailed information on how we identify trade set...
Expecting a break of the ascending trend line and downside price action continuation.
EURUSD possible new swing lows.
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Expecting a good long run on the pair.
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