If the bulls are to take this market higher they will need to push through the waiting resistance level set by the previous highs and bearish falling trend as part of a long-term channel.
- Hold for a break above resistance levels
- Enter when price action confirms
- Target 200EMA
Technically price has strong momentum on the approach to resistance above. If broken, we will see the price continue to test previous structure highs before retracing for more upside strengths.
Still planning this trade on a daily chart for now but on the 4h chart, more divergence can be seen for a break above this level so I am confident. Bulls are on alert for...
Very similar to AU, we are focused on a falling trendline that can give us confirmation of the upside. Bulls are poised to enter this trade when further confirmation can be seen.
- Hold for break and retest
- Buy LOW
- Hold if the trade is a winner
Bank holiday I know but I like this pair so thought heck why not.
The pair in question is EURCAD working the 30M time frame and our strategy says it's time for a short.
The trade is just shy of 1:3 risk reward trade and is well under way.
As with all my idea strategy test data can be found at the bottom of the screen.
The data shown is for year...
After seeing 2 breaks above resistance and now sellers appear to be pushing price backdown I am going to be setting a sell stop with a target TP of the previous support and an SL above the previous high
We can see GBPCAD forming highs however failing to break levels. I am expecting to see a stop hunt then movements to the downside. I will be looking for to place a sell stop once price starts heading to the downside.