price broke the trend, 100sma, and 200 sma. Entry is highlighted with SL below lowest low.
GBPCAD is in a strong uptrend on the daily time frame especially after breaking the daily 100 sma and 200 sma awhile ago. After creating a new higher high on the daily price has retraced to the 38.2 fib level and closed testing the 1hr 200 sma. Over this week I will look for price to breakout of the trendline created by price on the 1hr and then i will enter on a...
GBPAUD is in a nice uptrend on the daily and is consolidating on the 1h. Price seems to be losing momentum and if so i will wait for price to test the daily trend line that it has just broken, test the 38.2 or 50 fib level, price to enter the daily support zone, or price to test the 100 or 200 sma and present bullish candlestick patterns on all these tests before...
The daily time frame of USDCAD is in a nice uptrend as you can see by the higher lows and higher highs. In addition price also broke the 100 and 200 sma signaling that price is now bullish. The sma's also crossed which could lead to a potential long uptrend for the start of the year. The 1h has started losing momentum and is consolidating. I will wait for a...
GJ has been in an uptrend for the entire year recently setting the high in September. The 4h timeframe has recently established a descending wedge which is a bullish breakout pattern. On the 1h timeframe a bullish engulfing confirmed at the bottom of the descending wedge, at a daily trendline, and in a support zone. Overall expectation for GJ is for it to continue...
EURCAD has recently stalled at a support level on the 4H time frame and has tested that support 3 times on the 1h time frame. It has also recently bounced off the bottom of an upward trendline signaling a safer entry. Take profit 1 and 2 are outlined on the chart
With EURGBP recently setting the high of the year in August it sent the pair into a downtrend. Recently the pair testing the 0.88615 fib level and forming an inverted hammer on the 4h chart signals that the retracement may be complete and the pair will continue the trend downward. The week ended with an inverted hammer on the 1h chart at the 0.88370 fib level...
EURAUD is currently in a pitchfork upwards trend. With the recent testing of a major support, the bottom trendline, and the 1.51074 fib price level last week I entered into a long and collected an easy 70 pips before exiting. With it approaching a minor resistance and the 1.52515 fib price level I expect it to either break the resistance and continue up to at...
On the daily time frame the inverted hammer was confirmed with the strong green candle. If you were waiting to enter into GU after the confirmation, the retracement down to the 0.50 fib level produced a perfect entry into the long. Candlestick analysis presented an inverted hammer on the hourly time frame at the 0.618 fib level and was confirmed with the next...
GBPUSD has been in an uptrend for the majority of the year. Recently with EU breaking the neckline of the head and shoulders the majority of sellers are looking to take shorts down to the 1.13000 level. Also the dollar recently stalled at a resistance and fell to a support where it then bounced and broke through that previous resistance. Overall the DXY chart...
Short prediction after completion of head and shoulders pattern
EU recently broke the neckline of beautiful head and shoulders pattern indicating the end of a very long uptrend and possible reversal into a downtrend. Entry, Stop Loss, and take profit points are all labeled based on support and resistance