Swingtrader
EURCAD 4H SwingEURCAD is about to start a new Bullish Trend that will provide around a 1:20 if the setup comes. I have the 15min shown here. As divergence forms, I will enter market with buy orders and swing it all the way up. We are sitting inside a Daily Supply Zone from years ago, this will be insane.
SILVER (XAGUSD) Key Level Ahead! Your Plan: 🪙
Even though Silver is very bearish, ahead is a strong confluence zone on a weekly.
The underlined yellow area is based on 618 retracement of a major impulse leg and a horizontal demand area.
To catch a bullish move from that, watch a falling parallel channel on 4H.
Your confirmation to buy will be its bullish breakout (at least 4H candle close above).
Then buy aggressively or on a retest.
Your target will be 20.16
If the price breaks the underlined area to the downside, the setup will be invalid.
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GBPCAD: Bearish Continuation 🇬🇧🇨🇦
GBPCAD has nicely respected a resistance line of a falling parallel channel.
The price formed a double top on that and broke its neckline to the downside.
I expect a further bearish continuation now.
Next support - 1.555
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MarketBreakdown | EURJPY, EURCHF, GBPCAD, GBPCHF
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ EURJPY - Daily time frame 🇪🇺 🇯🇵
I see the signs of a bullish accumulation:
the price has already set two equal highs and keeps setting higher lows.
I believe that we will see a breakout attempt of a current horizontal resistance.
Daily candle close above that will trigger a bullish trend continuation to new highs.
2️⃣ EURCHF - 3 days time frame 🇪🇺🇨🇭
The pair is approaching a solid horizontal zone of demand.
Be prepared for a breakout attempt.
Its bearish breakout will trigger a bearish continuation to a year's low.
3️⃣ GBPCAD - Daily time frame 🇬🇧🇨🇦
As I predicted, GBPCAD dropped nicely.
The pair formed a double top formation with a lower high.
Its neckline violation signifies a highly probable further decline.
4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭
The pair is currently approaching a wide weekly demand cluster.
Taking into consideration that the market is very oversold, I believe that we will see a pullback from that structure soon.
Look for a confirmation on lower time frames to buy.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
MarketBreakdown | Dow Jones (US30), BTCUSD, EURGBP, GBPCHF
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ Dow Jones (US30) - Monthly time frame 📈
After a sharp bearish rally, the market reached a solid monthly demand area.
28600 - 30000 is a very important historical zone.
I assume that soon we will see a correctional movement and the index may retrace.
2️⃣ Bitcoin (BTCUSD) - Monthly time frame ₿
It looks like the market finally found a strong support.
The market stopped falling once it reached the high of 2017
and it looks like we will see a correctional move soon.
3️⃣ EURGBP - Daily time frame 🇪🇺🇬🇧
The pair is steadily growing within a rising wedge pattern.
For now, its support serves as the resort for buyers to buy from.
However, wedge pattern by itself is a bearish pattern,
so I am waiting for its breakout to short.
4️⃣ GBPCHF - Monthly time frame 🇬🇧🇨🇭
As I predicted, the pair dropped nicely.
Ahead is a major monthly demand area.
1.16 - 1.1745 is the area from where I will expect a retracement.
❤️ If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURUSD: 2 Structure to Watch Next Week 🇪🇺🇺🇸
Hey traders,
Even though this week was quite bullish for EURUSD,
remember that the market is trading in a bearish trend and we remain bearish biased.
Next week, I will be looking for shorting opportunities from 2 very important areas:
Resistance 1: 1.062 - 1.0655
Resistance 2: 1.074 - 1.079
I will expect a bearish move from one of these zones.
Let the price reach them and then look for a confirmation to sell.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
DAX Index: Be Prepared For a Breakout Trade
What a bearish rally on Dax Index:
for the 4 consecutive days, the market is falling sharply.
Ahead is key horizontal support.
I will be waiting for its bearish breakout to short the index.
Next support will be 12550.
Remember that you need a daily candle close below a blue support to confirm a breakout.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
EURCAD: Important Decision Ahead! Your Plan: 🇪🇺🇨🇦
EURCAD is trading in a long-term bearish trend.
The pair started to consolidate within a horizontal trading range on a daily from the beginning of April.
Now the price is approaching its support.
From a current perspective, I see two potential scenarios:
If the price breaks and closes below the support of the range on a daily,
then a bearish trend continuation will be expected to 1.325
The price may respect the underlined structure.
To catch a pullback from that, watch a falling trend line on a 4H time frame.
If the price breaks that to the upside, I will expect a bullish move at least to 1.35
Wait for a breakout and then follow the market.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️