A good setup for next week, i see here multiple reason for a short entry.
- Triple top with double divergence - multiple pinbars-rejections from 2.1500 - strong psychonumber 2.15000 - first convergence-divergence setup after a long rally (this offers a R/R ratio at least 1:2)
SL above 2.1500 Minimum expected target : last lows (400 pips) Second target: near 2.05 (700 pips)
Happy weekend!!
Comments
caspar.wikstrom
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Opinion on the gbp/cad??
FullTimeTrader
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Hello: MOVE.COM. Trading is not winning all the time, losing is a part of the game!. Most important is be disciplined following the plan and keeping a good R/R ratio. This one looking better for next week following the GBPNZD and GBPJPY declines. Regards.
IvanLabrie
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GBPAUD is a beast of its own, same as gbpcad, they just trend up. :)
Nice going on NZDCAD mate, I entered a pair trade today and it went well, looks like nzdusd and nzdcad might have bottomed indeed after more thorough analysis.
FullTimeTrader
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Thanks, do no forget a rate cut on NZD is inminet so i will looks for shorts on NZDCAD higher. This is jus a needed deep correction.
This is my long termp plan for the NZDCAD
RamprasadSanthanam
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I am still holding my short GBPAUD at various levels avg Short at 2.1567 any views for this week ? Thanks