EURCHF has broken above a trend line on the 4H chart & retested it from the other side.
We are now long in this pair waiting for a price increase from the current level.
Stops & profit levels are marked on the chart.
Here's a low risk long trade setup for GBPCAD.
Momentum has slowed in a support zone which also lined up with an ascending trend line.
We have a good opportunity to attempt a long trade with low risk & high reward.
GBPJPY has broken above a descending trend line on the 4H chart & below.
Scoping down to the 15m chart we can see price clearly respecting the trend line/support area with rejections to the downside.
Aggressive entries would be taken at current market price. For a safer entry, we would look to go long upon a break of the 147.250 area.
Manage your risk...
Price is trading within a descending wedge pattern & has recently touched the bottom level with halted bearish momentum.
This provides us with a long trade opportunity with exceptional risk/reward ratio.
Make sure to manage risk appropriately when trading.
Here we have a low risk trade opportunity presented to us on EURAUD.
Price has broken above a descending trend line & is retesting the trend line from the other side as support.
Long trades would be closed upon a bullish hourly candle close & a stop loss would be placed tight below the trend line.
We will post updates as this trade progresses.
GBPJPY has formed a 5-wave motive wave & an ABC correction.
We would now like to go long from the current level with a stop below the C wave.
A simple, effective wave count with nice profit targets & great risk/reward ratio.
Updates will be posted as the trade progresses
Price currently hovering at the 0.38 fib retracement zone, looking for further bullish price action on this pair as per long term key support and resistance zones on higher time frames on Weekly, Daily.
Allow for confirmation of price before entering.
Target 61.8 Fib (142.325) following to next Resistance zone 144.507
Stops - no more than %2 of capital risked...
DOC has produced a flag pattern. The 10 and 20 MA are providing resistance. The coppock curve has already gone negative. If the stock breaks the 10 and 20 MA I would buy till resistance (top black line). If the stock forms a candle downwards outside the flag pattern I would short till resistance, but if the coppock curve goes below the lowest black line then I...