EURCAD has broken through a long term downtrend and is close to the newly formed uptrend line.
watch this pair for a sudden retrace down but currently the setup stands.
TP - 1.48747
SL - 1.45735
CHFJPY has broken down through a short term triangle so I’m looking to profit off of a quick and sharp decline as it has done in the past.
Tight aggressive SL for this trade so not recommended for anyone with a low risk tolerance.
SL - 109.886
TP - 108.463
August uptrend line has been broken on the daily and the price has bounced down from a long term downtrend so will look to place an aggressive tight trade with only 1% risk compared to the usual 2% but with a 4:1 profit ratio.
SL 1.06987
TP - 1.03618
My thinking here is that USDJPY has recently bounced down from a long term downtrend line and has now gone through the uptrend line that has shown strength over the last few months.
Whilst the SL is quite large. It was the nearest resistance to be found on the daily chart and there is still room to have a 2:1 trade risk/reward so criteria has been met.
SL -...
AUDCHF has bounced up from an uptrend line with a bullish inside bar. I will be looking to take a long trade here up to near the long term downtrend line for a short term profit.
Tight SL just below a thick support cloud so will be monitoring and updating the trade as it progresses.
SL - 0.66701
TP - 0.69233
USDCAD has shown brief consolidation at the long term downtrend line before providing a bearish pin bar which has lead us to the trade setup where we anticipate it reaching a previous floor that has been bounced up from twice.
SL - 1.32636
TP - 1.30558
USDJPY shows gaining bearish momentum. Look for a quick short up until the bullish long term trend line.
TP - 108.372
SL - 109.315
Watch for a sudden bullish reversal through strong future cloud resistance as an indicator to close trade early.
AUDUSD has fallen below an uptrend line on the 1H chart and has also bounced down from a longer Daily downtrend.
It's hovering close to the cloud currently so will be keeping an eye on a sudden reversal upwards.
TP - 0.67667
SL - 0.68794
A long term trendline on the 1H chart for CADCHF has been broken along with a strong bearish cloud that's formed along with growing bearish momentum.
TP - 0.74429
SL - 0.75332
EURAUD continues to look like it will carry on the long term bullish trend line with a recent bullish inside candle.
Trade idea here is to look for a quick burst up in bullish pressure prior to the price hitting major resistance.
SL - 1.60373
TP - 1.62201
Looking to short NZDUSD prior to it hitting a longer term uptrend line.
Risking only 1% of account down from the usual 2% due to lower chance trade.
SL - 0.63931
TP - 0.63080
Look to tighten SL once trade goes into profit
EURCAD has recently broken through a thick cloud and now seems to be gaining bearish momentum.
Conversion line is below the base line with price still quite tight to the conversion line.
SL - 1.46629
TP - 1.45592
Long EURCHF 1H, There seems to be a consistent upward trend forming on the 1H chart.
Sl = 1.10202
TP = 1.10859
If price reaches near TP then care for longer term down trend on the daily chart and take profit
NZDUSD recently broke a head and shoulders pattern on the 1H. Cloud shows no sign of slowing in bearish momentum.
Money management looks for a 2:1 W/L
Sl = 0.63777
TP = 0.62800
Look to remove TP if momentum increases and turn SL into trailing
EURCAD is showing increasing bearish strength after breaking the bullish trendline on the 1H chart.
SL - 1.46009
TP - 1.44420
Recommended money management would be to include a trailing stop loss once the price reaches - 1.44963 on a closed candle.
