Euro has been picking up lately and cad has been showing weakness.
This setup right here would take months to unfold with target range between 700-1200pips or even more.
Euro has taken a beating with the russian-ukraine war and pumped prices of Oil sending CAD into a parabolic run.
However, with the peace takes and rate hikes, we could clearly see that Euro is...
Yes, I'm a true bear when it comes to GBP Pairs.
Over here on top 1:5R short bagged on 29th Oct.
Price went into the Daily sell zone, had multiple whipsaws (got stopped out twice) thru the week but prices gravitate back to the sell zone again and again collecting the buy side liquidity.
Finally friday came with a perfect calm before the storm.
Method - Valid...
Overall, my bias for GJ is still on the bearish side mainly due to the fact that price has actually broken out of the Daily Sell zone twice for the last week of October.
But, hey we're doing trading here, not just analyzing charts to pass some time.
My thoughts are planned out on the charts as clear as it gets.
H4 Buy zone hit, TPed and flipped my Positions to...
This pair rallied into a Daily/Weekly Sell zone and has traded within it for 3 weeks now.
Bagged GJ twice this week with 2 sells, Total of more than 250p.
1st Trade on 26th Gave a good setup and re-entry after it hunted the H4 sell zone, giving a good 1:4.7 R Short, TP was previous H4 OB on the bottom.
Didn't bother to flip/hedge my positions for longs into 157...
