Hello everyone this is out first post on Tradingview and we should perhaps introduce ourselves briefly. We are a group based out of Toronto like the name suggests. We've been in this industry for the past 5 years and have been teaching in GTA (Greater Toronto Area). We also manage funds both big and small. We shall be posting our trade setups on this page as well as Instagram and twitter from the coming week. Make sure to give us a follow to get our latest updates. Our analysis is based on the Elliot wave theory but we try to keep our charts clean when we post them in public. Feel free to PM us for any questions on the setups.
Talking about this setup now,We can see that price was able to break the 1.36 high that was made in December 2016. Also we have divergences on multiple time-frames which further indicates that this pair should go down
Now the reason we are looking to enter at this level is because price has been consolidating and has formed a bearish flag and we also have a MA crossover which is giving us an ideal point to enter
Hope you enjoyed reading the post. Make sure to always do your own analysis before taking any setups.
Cheers
Entry - Now
First Target - 1.35
Second Target - 1.3413
Stop loss- 136.26
Talking about this setup now,We can see that price was able to break the 1.36 high that was made in December 2016. Also we have divergences on multiple time-frames which further indicates that this pair should go down
Cheers
Entry - Now
First Target - 1.35
Second Target - 1.3413
Stop loss- 136.26
Comment:
Looking amazing guys. Please move your stops to breakeven once it hits the 1.3540 area.
Comment:
Stops moved to Breakeven. Good first trade. Remember guys your main goal should be to save your capital and not your trade. If you have capital you can have another trade, if not, forget about trading.
Cheers