Capitalgrowthtv

Capitalgrowthtv Updated 

The formation of higher highs (HH) and higher lows (HL) after a retracement, we see this as a favorable opportunity to initiate a long position.

Capitalgrowthtv Updated 

"Found bullish divergence accompanied by the completion of an ABCD pattern at the Potential Reversal Zone (PRZ) and coinciding with a support level."

Capitalgrowthtv Updated 

EURUSD forming lower highs (LH) and lower lows (LL) and currently near the 0.718 Fibonacci retracement level, along with forming another LH, there are no bullish signs evident. Therefore, we opt for a short entry. "Remember to always adhere to the risk-reward ratio, a game-changer in trading. Only risk 0.5% to 1% of your capital per trade"

Capitalgrowthtv Updated 

AUDNZD is currently forming lower highs (LH) and lower lows (LL), indicating a bearish trend. The recent break below support suggests increasing selling pressure, potentially leading to further downward movement in the pair. "Additionally, it's advisable to manage risk by allocating 0.5% to 1% of your capital per trade."

Capitalgrowthtv Updated 

GBPNZD is forming lower highs (LH) and lower lows (LL). According to Dow Theory, this suggests that the price may continue moving lower. "Remember to always follow the risk-reward ratio and allocate only 0.5% to a maximum of 1% of your portfolio per trade."

Capitalgrowthtv

GBPUSD was in a sideways phase after bearish divergence. Now, with a bearish breakout observed, we anticipate further downward movement in price. As a result, we plan to enter the trade after the formation of the first lower high (LH), possibly occurring at the Fibonacci level 0.618. Stop-loss and take-profit levels are indicated on the chart.