Very basic set up. I believe USDCAD is going to sell to the 31.8 fib level, which is also in confluence with a mini structure level: 1.33440. Furthermore i also believe its going to sell off as you'll notice its at a key resistance level in which its rejected 3 times already : 1.34131. Moreover, its also decent risk to reward oppourinty.
This is my oppinion about D1 timeframe and i did the entry @ 0.71269
Exit market @ 0.72523
will make another bought entry @ 0.71508
Exit market @ 0.73778.
Expectation pips 253
Hello all.
Forex basics says that if we are in a uptrend and you have a correction with no new lower low then is a good time to buy, lets see if this idea works. Trade with a SL just below yesterday low.
As with most things in life, letting a trade set up steep and mature prior to entry is basically how you make the most profit.
Come and be successful. Should the support bar break I am in, joining a clear strong signal = Short/Medium/Long term trends all down.
GL and may all your trades be monsters ;)
5 BULLISH IMPULSES HAVE BEEN COMPLETED ON THE 2H CHART ALSO A BREAK ON THE 4H TRENDLINE MAKING A NEW LH AND LL WITH A HEAD AND SHOULDER PATTERN ON THE 2H CHART
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We are seeing that Crude came down to an old order block entry which is acting as a very strong resistance. We believe Crude has the ability to climb up to 51.50 where there is a liquidity zone waiting for the Market Makers (pay day).
There is a nice elliott setup for GBPUSD.
In case of the parity breks 1.4545 resistance point up, it will go till 1.4803 .
The parity could draw back till 1.4233 if it is break 1.4338 down.
1.4539 is entry point for long trade
We worked on a new system which gives varity of Buy and Sell signals wiht confirmation 3Trend formation. Hope to have profitable setup at all.
Let's check it for a few trades.
Buy Stop: 0.7113
TP: 0.7304
SL: 0.7055
