On Wednesday April 24 the Bank of Canada will be releasing their short term interest rates I will be paying attention to price in the days prior to the news release. Be patience and let the institutions give you clues as to their true intention! Some nice pending setups on this pair and I will be trading it this week. Stay safe with your stops ;)
Using the bigger picture (as always in my analysis) I have identified a few key areas that will be considered for long positions. This trade idea will be discussed during the Feb 4 - 8 Live Streams Trading involves risk and I'm not a financial advisor so practice with your demo account.
Using the bigger picture, I have noted a few key areas worth watching to use as targets and entries for short positions. This trade idea will be discussed during the Feb 4 - 8 live sessions. I am not a financial advisor and trading involves risk... practice with your demo account.
Using the bigger picture - I have noted a few key areas worth watching for potential pending orders to go long. This setup will be discussed on the live sessions during the week of Feb 4 - 8 Trading Involves Risk - I am not a financial advisor and do not know your current situation... so practice on a demo account.
Anticipating a move up to liquidity to capture stops (stop losses of sellers and buy stops for those who have been following the obvious uptrend) before seeing a price reversal. This opportunity can be planned out as greater than 3:1 reward to risk and may be something we see across other Yen pairs due to the upcoming BOJ fundamentals. This idea however is a...
Although the last trade idea would have produced 25-30 pips of profit... I am closed out of the trade and now expecting a possible movement of price down towards 1.1355-1.136 to then see price rise for the rest of this week. This is for educational purposes and should not substitute as financial advice!
Have a look at the attached link for full analysis of this trade setup BUYLIMIT ORDER: 1.15000 LEVEL STOP LOSS: 1.14000 LEVEL TAKE PROFIT: 1.16000 LEVEL RR: 1:1 SHALL THERE BE ANY UPDATES YOU WILL FIND THEM BELOW IN THE COMMENT SECTION
EUR data this week was generally encouraging but very inline with expectations which surely backs the ECB's on hold stance. Making the EUR a less attractive investment. A retest or break of 1.3000 could lead to 1.1000 at sights. China & US resume trade talks this week.
expecting a small retracement and will be entering short.
Expecting a bounce to continue the 8-week range.