As you can see USDCAD has gone to the 1.35000 level numerous of times now and has failed to go much higher! I have entered a SELL with SL at 1.35500... trade smart and have fun. Have a profitable week!
Falling wedge trade with tp: 1.71499. I see a longer term trend on the hour chart which suggests the opportunity for the pair to fall even more, I will post this is the signals group.
Please feel free to join the free signals telegram group: t.me
I see a falling wedge with the opportunity for profit from a short position with SL: 1.12717 and TP: 1.11000
Use risk management as if it breaks upper trend line one may want to start thinking about closing the position.
Free telegram group: t.me
The cable is currently experiencing a huge sell off, i was holding several shorts yesterday and managed to make just short of 1000 pips. however, with that being said i feel that anything that is either vertically up or down creates no stability in the markets, which then leaves huge gaps in large orders. If you on the third of may we had a parabolic move to the...
AUDJPY H4, showing signs of very strong convergence, market clearly going the opposite way to our indicator.
A counter trendline has been put in place for more clear break and retest and entry scenarios.
Targets are also drawn.
On the right we have AUD weighted index H8, where we can see it has tapped off a clear demand zone, I believe we can see some reaction,...
A decent opportunity for USDCAD has opened up on the 1hr . I will be looking for price to retrace 50% of that Bullish impulse. Should price move to that zone, i will be entering with 1% capital risked.
Both Stop loss and Take profit have been marked with a risk to reward ratio of 1:2.
Remember to always manage your risk on every trade because no trade is...
Here we go again...
Another buy opportunity and this time on CADCHF.
Daily time frame analysis shows this pair having strong bullish momentum. Price has reached a strong resistance zone where we may potentially see price retrace before moving bullish again.
I will be looking for price to retrace bearish to the 50% Fibonacci level whilst creating bullish...
USDJPY is showing some great bullish potential and is currently consolidating ( trading sideways) and creating bullish divergence.
I will be looking for a bearish retracement of 50% of the bullish impulse move ( point 1 to point 2). Should price moved towards this zone, I will be going long with 1% capital risked.
Considering price is consolidating as such,...
Currently completing a retest, but I believe there's Momentum to push towards the upside in the 1.618 region on the fib, my first TP will be at the 0.618 point, there may be a possible retest at the 0.618, but could possibly execute to the Golden rule.