1. Formation of ABCD pattern is there on 4HR. 2. Point D completes on strong support. 3. Stoch also provides that the price is oversold. Thus, we can see a rise on this pair. Just my analysis.
I will be waiting for the price to move back to channel support and wait for some confirmation for shorting. IF the price goes back into channel with some bullish candlestick, then i'll be looking for buying options. Just my analysis. Share your views. Cheers!
I see a downward channel on this pair. The pair is right now going up from the mid-line of channel. We can short it when it touches the resistance of the channel. No advice. Cheers!
This pair has been consolidated at 50% fib and rejected multiple times from that level which is also backed by strong key support. There is a good chance that retracement is now done and it should go long now. Another scene can be that it can break that 50% fib level can go down to its trendline support. Just my analysis. NO ADVICE. Play safe.
Could be short opportunity with extension and resistance area.
Bulls are looking strong breaking the flag on 1hr tf. Just my analysis
I see a inverted head and shoulder formation on Daily time frame + this pair was in downtrend which broke yesterday with an inside bar formation on high time frame. I see that it is forming bullish flag on 1 hour time frame as well. These three factors are making me biased towards long on this pair.
I can see a bullish pin bar candlestick on key 61.8 fib level. But there is a downtrend resistance which I believe is broken but will wait for more confirmation before entering. My bias on USD/CAD is bullish for now. Just my analysis. Comment what you guys see. Cheers
There was break of ascending channel which broke and was then retested. I believe retracement is done now and a new downtrend is starting. Reasons for short based on PIN BAR STRATEGY. 1. Support is now resistance. 2. Break of ascending channel 3. We can see a bearish Pin bar candlestick followed by bearish candle. 4. Price saw rejection at 21 MA forming a bearish...
It is likely that it will go down from here as it near its key resistance zone. Shorting on this pair. Like if you agree. **Just my own analysis
This pair looks bullish for now. I saw formation of bearish bat with perfect 50% fib retracement. Will be waiting for completion of this bat formation and then will go short for targets shown by arrow. Hit a like if you like my analysis. Just my analysis
Bearish, excepting to go short if it breaks the lower line of symmetrical triangle.