One which has been on our watchlist for time is EURGBP. Unfortunately we missed this entry by 5 Pips and did not catch another one in our favor. For now simple to manage and looking for long entries around 0.89. Target around 0.897 ( will be a 70 pips profit ) . The Headliner is on the 4 hour chart , but we analysed this pair only on the higher timeframes. Taking...
The first setup of the following week is the short scenario on NZDUSD. The kiwi is dropping since april in kind of stairs. This allows us the next sceanrio. Currently sitting on the weekly resistance , before we formed a new lower low. Tested the daily resistance beyond and dropped within 2 days. Seems we have more pressure for a next downside move with targets of...
First view on GBPCAD on the daily or 4hour Chart, you can easily see the Head and Shoulders formation. Left shoulder nice bounce between the daily resistance ( 1.73 & 1.7444 ) with continuation for the head . Head bounced at the weekly resistance ( 1.77178) and dropped to the lower daily support for the "body" . After that the push began to create the right...
After Bank of Canada published their news about the interest rate decision ( from 1,25 to 1,5 ) US dollar falls over 70 pips in not even a few minutes. Thinking the bulls are dead was definitely wrong. They fought back and let the 4 hour candle close in green.
We watched this pair for a few days to see wheteher the weekly resistance is holding or breaking (blue...
Taking an eye on the charts , you can see we are short since the beginning of the week. Price triggered us at the weekly resistance (blue line ) and moved up higher . Our strategy with stops is simple dynamic with space to move. So the Kiwi didnt catch us on this move and changed its direction in our favor. Now it is sitting on the drawing trendline. (with EMA...
