SET Life
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Simple Effective Trading content, strategies, and updates from the SET Life team.”
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EURUSD should be pulling back up in the next 1,2 hours. Had a quick spike on NY session and is currently in a PullBack.
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USDCAD gave a quick drop yesterday with some profits but then gave confirmation of it going back on the rise. It has finally reached it's previous peak and now waiting patiently for confirmation on the closure of the Daily and 12h candles.
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Gold is moving up slowly along the Descending Channel, with an opportunity to Day trade until midway which is the marked zone before analyzing the situation as we approach the NY session and volume builds up.
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AUDJPY has broken out of the channel and is in a retest from a PullBack. Oncr confirmation from the bulls are given we have to opportunity to go LONG.
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SET Life
USDCAD gave a quick drop yesterday with some profits but then gave confirmation of it going back on the rise. It has finally reached it's previous peak and now waiting patiently for confirmation on the closure of the Daily and 12h candles.
USDCAD closed on the Daily with a long wick rejection of the major RESISTANCE zone. On the lower time frame we see a shift in structure. If today's candle closes strong bearish we have extra confirmation for price to drop more.
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Another great trading week has started and Gold is starting to rise as we approach the LONDON session with a minimum target to the next zone.
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EURUSD has approached a major SUPPORT zone and close by the SUPPORT of the Descending Channel. Waiting to see if the Buyers will step in and give confirmation to go LONG until the next zone, which is about the midway of the channel.
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USDCAD still testing the RESISTANCE ZONE and we had a strong rejection yesterday. Waiting patiently to see how today's candle will form and if a change in structure will occur in a lower TimeFrame.
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NZDJPY has broken out of the descending TrendLine and is slightly leaning towards a pullback. If another higher high is formed we should see it rise to the next zone before another retest.
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EURJPY is moving sideways and giving Opportunities to go in on the bounces from SUPPORT. Would not go SHORT, as a Higher High has formed and a possible Higher Low on the way, which could possiblY push prices above the RESISTANCE.
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USDCAD closed a strong Bearish candle yesterday and is currently in a pullback. Will go in SHORT once confirmation is given as we approach the NY session. First target is the the SUPPORT zone.
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Gold has been going downward and approaching the SUPPORT zone. Waiting for confirmation from the Buyers to go LONG.
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USDCAD on the Daily still testing the major RESISTANCE zone and on the 1h is consolidating. Will go SHORT after confirmations from the RESISTANCE and once a BreakOut occurs from the SUPPORT, will wait for a retest and confirmation to add more trades.
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EURUSD near the bottom of the Descending Channel and waiting for the Buyerd to step in to go LONG until the next minor zone...
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EURUSD has given confirmation to go LONG with about a 1:2 RR. Multiple rejections of 2 zones and a change of structure in the Lower TimeFrame.
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Gold is showing signs of a potential higher low on the Daily as buyers gradually step in. The 4H has broken its descending trendline! 📈 Waiting for a confirmed retest or bullish rejection before targeting the next major resistance zone. Patience and confirmation are key! 🔥
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