Now we got 4h high which is using my method...
Already our 2 sell entry running profit
also we found 2 sell zone
1st sell limit 2254-2257
sl 2259 (need 1m or 5m confirmation then entry it else wait for 2nd zone)
tp 2252
tp 2249
tp 2244
buy zones are the tp4 and tp 5
In 4hrs we found 2 buy zone
1st buy zone 2201-2192 (we need 15M confirmation to take entry)
2nd...
SORRY for late update.... Sunday i was too busy
Now we see xauusd hits the DAY 1st pull back zone(2259-2305)
In 4Hrs also gold hits 1st pull back zone(2263-2280.5)
once market touches our pull back market starts fall
In 15mins we got High confirmation using my method and also now we got choch (correction choch in 15mins only) confirmation
so entry will be
...
Price has formed a Monthly Source Supply and a Quarterly Destination Demand and now we have a downward confirmation in Weekly with a Supply fomed which also has a Deviation from the EMA which indicates a very strong imbalance in the Price Action.
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The pair is bouncing from the support. This is a key pivot level which has been tested several times in the past. The momentum oscillators are also showing a slight positive divergence. Longs have a clear risk management below the support level and we can see a substantial rally from this level.
FX:EURCAD
As you can see that (For MONDAY 17-07-2023), EURCAD has created Double top pattern in 15Min Time frame at the important resistance level. If it breaks the drawn neckline, we can go for sell side and capture some pips. Always go for retest entry to avoid fake Breakouts. Plan your trade accordingly....
After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
FX:EURCAD
As you can see that, EURCAD has formed Flag and pole pattern, and it is going to give a 3 touch point horizontal breakout. If the candle closes properly without wick in 5 min or in 15 min we can plan for buy side. Take retest entries.. Plan your trade accordingly...
EURAUD has been on a bearish trend for some time now, we are witnessing a retest on our resistance and I am expecting a strong bearish trend continuation. Wish you all a successful trading session. Lets Download Success.
. The EURCAD pair has been on a strong uptrend since the beginning of the year, but has recently broken out of a rising wedge pattern. This suggests that the pair may be starting to move lower and could be a good opportunity for a short position. The pair is also currently retracing 78% of its previous move, suggesting that the uptrend could be coming to an end....
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#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
