USDCAD is looking very bearish on W1 chart as price is getting rejected from MN resistance TL for 7 times Last 3 week price really attempted hard to break and close above the resistance TL but all the attempts were nonsense. On D1 chart we may notice that price has closed as a Bearish Engulfing Price action pattern. On H4 chart we may notice a Triple Top...
Between 109.60 - 109.75 if we spot a bearish Price action pattern confirmation signals, we may look for sell opportunity on USDJPY Stop Loss goes above the high of X leg of bearish Gartley pattern & Take Profit limits will be placed based on major Support levels
Reasons to Short USDCAD #1: Test of W1 Resistance TL #2: D leg of bearish Gartley #3: H1 possible Double Top
watch the video with full attention and follow the rules. This video can be a very educative as well, because I showed how to take an action on trading by confluenceing several reasons.
In this video analysis besides video analysis I also give some insights on how to correctly draw Bat & Cypher pattern as well as how to find their key points (legs). Watch the video and prepare yourself for an upcoming week and also add some weapons to your arsenal on how to find harmonics to get several confluence confirmation signals to take an confident action...
Need confirmation signal to short this pair, if price continues to fall down, and closes below the C leg then this setup will be unvalidated
if you want to long GBPCAD wait for clear double bottom strategy if double bottom won't appear don't enter the trade
always enter with clear confirmation pattern signals
Always wait for confirmations, without these confirmations all these plans are invalid
This trade idea gives a good risk/reward ratio
Reasons to buy this pair #1: W1 Support area #2: Fibonacci confluence level #3: H4 Double bottom and bullish "Pin Bar" at 2nd bottom #4: Bullish H4 RSI Divergence (I forgot to mention :-P)
Wait for current H1 candle closes as a bullish Engulfing to long this pair
Reasons for Trade Entries on USDCAD & EURAUD Potential Trading Plans on EURUSD & AUDUSD
Wait for the clean signals to be appeared on the market in order to take an opportunity to gain some profits
GBPAUD Swing Short AUDCAD long term swing long
Need a confirmation signals in order to get involved in this trades
These ideas are not an instant order trading setups. All these trading plans needs for clear confirmation pattern signals in order to place an active order