Textbook swing trade
Wait For some sort of rejection before entry
Two possible trades, both with great Rewards/Risk
very strong daily resistance, an expected rejection of atleast 100 pips
Trend continuation trade
This is a current market sell. I will also be looking to buy if it proceeds to drop. Look at my previous trading predictions for CAD/CHF, as I uploaded a Buy Limit idea, earlier today.
Very strong historical resistance
Great Long opportunity on AUD/CAD. With a great Reward/Risk ratio of 5:1. AUD is currently low against CAD, due to recent strength in the Canadian dollar, after a NAFTA agreement was made between the U.S and Canada. Once this fades, AUD is expected to regain strength against the Canadian dollar.
This is the same trade as the sell limit posted earlier this week, now is a good time to enter for a good reward to risk of 4:1. - For example= risk £20 to make £80
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a good risk reward
Risking -30 pips to make +60
A simple 1:1, Risk/reward trade. Risking -40 pips to make +40. AUD/USD is at strong daily resistance, aswell as RSI Divergence.
Standard double top, with a good risk/reward ratio
strong daily resistance on daily channel