EURUSD was doing exactly what I was hoping for. My analysis said, its going to have one more low. And it did. I closed it for profit, it was £1400.- on this trade.
Later on today will do a video on my channel, how I managed to get this trade and what my thought process was.
Will do a bigger EURUSD analysis on this pair because the upside...
EURUSD is about to talk to us really loudly. Lets see what its got to say. As it seems now its in the downside and its making a bigger pattern on the daily timeframe, and on the weekly trendline. That means, something big is about to happen.
Please be very careful with this trade. I don't see anymore potential in the downside part of this trade....
AUDUSD had a beautiful breakout from last week's channel pattern.
Let's wait now and see what kind of pattern formation is going to form. It's going to be something that we know, I can assure you that.
Stay tune for the update on this trade. I will try to do a live trade on it.
US/Canadian dollar observed on daily timeframe.
Wednesday's daily closure illustrates a clear rejection of the 1.31 psychological level. By observing higher timeframes we can see this zone is a significant area of multiple price rejections.
Now price has managed to break the zone and complete the retest I am looking to enter a short position on the pair...
This is a pennant and represents a pullback from the highs around 1550.
It's testing the pattern's boundary and might break out to resume the uptrend which started in June.
PS: Stochastic has further to go so an upside breakout is more probable.
EURCAD - Short
Entering short because of the consolidation.
i have entered short now for reasons such as
>it doesn't seem to be able to make HH's
>Daily TF we are down trending
Will be entering again once there is a breakout candle to the downside.
Any questions feel free to ask
Possible shorting opportunity the break of the wedge..
I am already short from somewhere near the top..
if there is a break of the wedge then i may open another position with a tighter stop loss
AUD seems real weak right now and YEN is booming.. at least up until the rate decision ON THE 31ST OCTOBER!!!
any questions feel free to ask