Good morning All, I've been analysing the USDCAD pair and noticed it's been oversold for some time. It just reached the midband of the falling channel yesterday, which suggests a potential long opportunity to me. I believe this setup offers a favourable risk-to-reward ratio of 1:2. Here are the details: - Entry Point: 1.3734 - Take Profit (TP): 1.3888 - Stop...
Hi traders, I want to highlight a shorting opportunity for AUDCAD that seems well-suited for medium to long-term traders. Earlier in April, this pair broke a significant support level that had been established throughout 2024. For any breakout to follow through, we typically see the price revisit the rising trend line, which is currently acting as...
Good morning, esteemed traders, Today, I would like to bring your attention to a significant trading opportunity regarding the USDCHF currency pair. After experiencing a considerable decline throughout April, we have observed a consolidation phase lasting over a month. Importantly, USDCHF has attempted to breach the resistance level at approximately 0.8343 on ...
Hi traders, I recently shared a trading idea on the EUR/USD pair. If you’ve been following it, you should be enjoying over 100 pips of profit by now. Be sure to check the Related Ideas to see the price decline. My entry point was at 1.1338, and the price has just reached 1.1225, giving us a profit of 113 pips. I anticipate that the EUR/USD pair will hit the...
Hello TradingView community! I’m excited to reconnect with all of you after a long break. First off, I want to thank my amazing followers for your continued support—I truly appreciate it! Today, I’d like to share a trading idea that I believe could be of interest, particularly regarding the EURUSD pair. I’ve observed a classic head and shoulders pattern...
Here is my previous call on GJ. I think it is time to visit the highs again.
The move on stocks on Thu and Fri has not reflected into this highly correlated pair yet.
Good morning This is what I think for NZDCAD . Also here is my outlook for the currencies in the coming week, AUD - Bullish NZD - Bullish EUR - Bullish JPY- Bearish CAD - Bearish
Very similar set up as the GBPJPY posted yesterday. Yen is about to bounce and there is a price divergence on weighted average EUR
Here is a good shorting opportunity for EURCAD. GBPCAD also looks good short too.
A classic channel rotation on GBPJPY with GBP weighted average being reached a key resistance level. Bearish on Sterling
I think this should be a fake breakout for GBPUSD. Mainly because of the weighted average GBP has reached a key resistance level. I will post it later if this trade turns out to be successful
The overall long term trend is Bearish and this would be a good short trade too.
Here is what I think for NZDUSD. Pretty much similar to AUDUSD. A bit of retracement before falling lower
I do not think AUDUSD can break the rising trend line in the first go. Most likely it would consolidate between the EMAs on D1 and the rising trend line for a while to get some momentum before breaking the support.
This pair has reached two key support levels. Falling trendline and yesterday's low.
Here is price divergence for AUDNZD and it is inline with most AUD pairs being oversold and NZD pairs overbought
Not the best risk to reward ratio but EURCAD is a very short pair in any TF.