Any pattern is not perfectly formed.. So we take confluence in them ..
as i can see there is this bullish cypher pattern in formation Which is not that perfect yet with in my error percentage. along with Open intrest As confluence and support resistance levels ..
This is my View and my trade not a suggestion
Weekly Time frame Bearish signals
USDCAD Buy Trade Signal
it's reverse the market from the major support area and recently break the resistance area and make a very strong Bullish candle above its a very good opportunity to take a Buy trade with a good risk-reward target and the stop area is mentioned in the chart
Always Use Stop Loss
EURUSD BUY trade Signal
EURUSD has broken the Resistance trendline and closed above waiting to retrace the support area if market retest support area then its will be a good opportunity for a long with very good risk-reward
Always trade with Stop Loss
it's the make or brack level for nifty as seen on chart.we can short the market after brack of 41200 and will go long after it brakes 42000.
i am not sebi registered broker. take this idea only for educati0nal purpose.
in higher timeframe market is currently bearish forming LH and LL. market after hitting a 1d imbalance form CHofCH 1h 4h timeframe telling market could possibly reverse from downtrend to uptrend in lower timeframe to fill the imbalances which was left open. market came back and fill the imbalance below and show a large push up showing buyers are in control there...
In 30m timeframe i got a nice trade idea for this pair if it will work out as planned then targets are pretty massive. lets wait for the market to come to that demand then i will look for some confirmations in lower timeframe (1,3,5m) for entry.
if you like the analysis do follow me fore more daily trade ideas. I hope you have a profitable week