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Bearish harmonic pattern

Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.2903.
However, if bullish ca…
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Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 1.3345.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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Ucef avatar
Ucef 31 Mar

Update: The pair had a bearish momentum last week. Price slipped above the trend line resistance but closed back below the trend line resistance created a false breakout bearish scenario as you can see on my H1 chart below.
The bias remains bearish in nearest term testing support line. Immediate resistance is seen around the weakly open. A clear break above that area could lead price to neutral zone in nearest term retesting the trend line resistance.

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D - Bullish Swing Trade.

-The price has broken-out of the falling wedge pattern
-The price has broken above the 50-days SMA
-The price had formed a double top pattern, but failed to confirm the breakout below the neckline of the pattern
-A retest of the 50-days SMA and 1.0810 has completed recently
-The price formed a bullish hammer candle at this support
-The overall long term trend remains positive.
I put a buy limit order at 1.0860, targeting first 1.0980 then 1.1180 as an aggressive target. My stop is placed at 1.0790.
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D - USDCAD - Pending Long..

Very interesting setup for Long Position in USDCAD.
Ideal scenario
price goes down to 1.0820 or even to 1.08
Good time to buy there with a stop 1.0750 and target very far up in probably 1.1120
I think the issue here can I wait for price to go or it just jumps from here up and never look back
P.S. Reason for the trade Bullish Daily cloud, 4H cloud and 1H.
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VictoriaVika avatar

Best of luck!

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