USDCAD Analysis: Bullish MomentumThe USDCAD pair has been extremely bullish lately, which is why it caught my attention. We can see multiple breaks to the upside, indicating a strong trend. Despite expecting a potential pullback in the near term, the overall trend remains very strong. This is why I have entered a position on the 1-hour timeframe.
Using the WiseOwl Indicator, we can see that it has been capitalizing on the trend with previous wins of +3.96RR, +7RR, and +5.42RR. Currently, we are in a risk-free trade with the stop loss set at breakeven (BE).
The EMAs (20, 50, 100, 200) are all aligned to support the bullish trend. Let's see how this plays out! 💪
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USD/JPY Delivers Exactly as Predicted—Next Stop: 161.92?Daily Context:
The daily timeframe continues to respect the bullish structure, with strong upward momentum intact. We’ve successfully broken the last high, achieving the medium-term target of 156.74. My long-term target of 161.92 remains firmly in place, aligning perfectly with the broader trend.
4H Perspective:
The market played out exactly as we talked about in the last analysis. After the accumulation phase, the breakout was clean, and the price delivered a strong markup, reaching 156.74. This perfectly confirms the bullish shift we anticipated following the distribution phase and validates the daily demand zone as a solid foundation for upward movement.
Updated Trade Plan:
Now that 156.74 has been achieved, I’ll monitor for a potential pullback into the 155.50–156.00 zone for a continuation setup.
If the bullish structure holds, the next target remains 161.92, which aligns with the higher timeframe trend.
💡 Key Takeaway:
Patience and structure-based trading paid off here—once again, the market delivered exactly as expected. The most important thing is to trade markets with clear context and solid setups. Stay focused, and let the market come to you!
Gold price is still trading in a relatively narrow rangemost people are having neutral predictions on XAU
The US economy is slowing down, inflation is weak and the US Federal Reserve (Fed) is less dovish. These impacts reduce demand for gold, which could lead to a widespread sell-off.
If you are holding gold, there is no reason to sell because the price is still above 2,200 USD/ounce.
The market may have few transactions, which means the risk of large fluctuations. Geopolitical developments such as escalation in Ukraine or the Middle East could disrupt the market, Grady said.
Setting Pending Orders and Breakeven TradesHi Purpose Traders. In this video, I will be showing you how to set a sell limit and how to move a trade to breakeven. Both of these are vital to being a profitable trader because there may be times you cannot set manual orders due to time or distractions. There will come a time when you in good profit and you don't want to risk giving it back.
I pray you find value in this video and if you do like the video.
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US500 SHORT SCENARIOdeep price actyion, manage rr ! goodluck
US500 is made out of top 500 companies in the US. from corona crisis almost every company made losses.... everyone is asking why is it stil going higher and higher.. wel that is because the top 5 companies made so much profit even more then the 495 other ccompanies...
AMAZON
TESLA
MICROSOFT
FACEBOOK
APPLE
recent we had the FACEBOOK shut down issue, that means no more advertising for AMAZON.. so for me it means fundamently short on US500
AUDNZD analysisIt created an impulse move, which might cause a reversal on the zone it's trading in, if it breaks below the 0.7 zone we'll be looking for it to consolidate gaining enough momentum for a bearish move
if it breaks above the resistance we will wait for a continuation pattern to form then we continue bullish, till the indicated resistance above current trading resistance