Hi traders, Another close spike (not the best) on the CADCHF 15M chart on an important support level. I am targeting the break of the top for my profits. Right now the trade is on break-even and lets see how it continues. (This is not a trade recommendation!)
All Trade Parameters shown on the chart. Long setup in 16h Demand. We trade the weekly uptrend. As shown on the chart we deepen our entry to put our stop loss below the pivot. The pivot represents daily demand. Deepening our entry resulting in a better risk to reward ratio
Risk 48 pips Reward 520 pips Risk/Reward: 1:10
* Please look at the related idea for the origins of this long opportunity. * After a strong bullish wave, you can see that price is now currently in an ascending pennant/flag pattern. It is normal for price action to take a bit of a breather after a strong movement in either direction. During this time it may appear that neither buyers or sellers are in full...
Long term up trend about to continue. Great risk to reward with MA. fib and key level at highlighter green zone
I see a number of confluent factors to suggest there will be a coming bullish wave. Analysis performed on 4H chart. 1) Strong bearish pinbar rejection of the 1.00 fibo level 2) Following candle closed as a bullish candle 3) Price is currently trading above both the 100 and 200 SMA. I am targeting just a couple pips below the 1.272 level and the stop loss is a...
Looks like a simple and clean setup. Expecting some bullish momentum. Broke out of a large consolidating zone.
Hey guys, as with every week i've just released my videoanalysis where i explain my views and my potential setups for the week ahead. In this week's video i explained one of the techniques that allow you to take trades wherever the market is going to go. If you want to see that and other pairs, feel free to click on the link below. Give me some feedback too! If...
Hey guys, as with every week i've just released my videoanalysis where i explain my views and my potential setups for the week ahead. In this week's video i explained one of the techniques that allow you to take trades wherever the market is going to go. If you want to see that and other pairs, feel free to click on the link below. Give me some feedback too! If...
Not a whopping trade but the pattern coincides beautifully with the downtrend and the D leg and take profit are within the support and resistance. Again not a huge trade but likely a trade I will take with 1% risk. Hope you guys like this pattern. If you are interested in learning how to trade effectively message me asap at mortonmarket@yahoo.com
We have the following measurements: x-b .786 a-c ..382-.886 b-d 1.618-2.24 x-d 1.27-1.41 I like this as a downtrend is leading the market toward the final leg of the pattern. I will be...
Strong LONG pressure level for this cross. See my twitter profile for daily pressure levels for all crosses
The cross will go to higher price for his high long pressure
Strong potential resistance at fib .5 level 10 pip stop loss.. 40 pip Target
A potential bat pattern is completing, RSI is reaching oversold level. R:R at 1.2 (TP1) and 2.1 (TP2). I will update if pattern completes.
CADCHF – H4 chart indicates a strong uptrend and a breakout to this year’s maximum. The second day in a row we have to deal with correction of last increases. Price is close to local support based on earlier peaks. It seems that in this area it may be possible to complete the correction and initiate another growth impulse. So consider long position.
The cross gain more energy and try to breakout The market pressure confirm the intention of the price and the rise of CAD rates make it possible
The pressure are high, the level are critical, the long swap are positive, the cross growth are not saturated No Doubt about CADCHF skyrocketing For daily cross market pressure visit my twitter profile