Although its been busy in USD/CAD the past few weeks i haven't had much success, but that is OK because i am taking every trade that is according to my strategy.
If this was years ago i would have giving up and though my strategy was not working and i would look for a new one
Since then i have hired a trading coach and e taught my to think in probabilities and...
The triple top reversal tells us that buyers are getting exhausted or they aren’t aggressive enough to push the price higher of the resistance 1.01000.
We shall wait for the price to break through the support 1.00500 for a signal and go SHORT after a retest of the zone around our new resistance @...
We are presently on all-time major support on 0.70800 (Buyers' Zone) and it appears that price is finding it difficult to breakthrough hence a possible uptrend rally is imminent. This can also be confirmed with the present character of price not willing to continue the downward channel ABCD trend as you can see price not settling in comfortable at...
Price has broken through the flag pattern formation to the upside indicating an uptrend continuation.
The channel EFGH (upward range in green) emphasizes a channel continuation to the upside as well.
Note that price was unable to break the hidden range ABCD the last time it was there (15th May 2018). Now it is back into this range 9 months after with a...
Its been a minute since my last post and i just want to share with you a possible bear cypher on my radar this monday on the GBPUSD
things are not looking pretty for patterns lately but this is the journey of trading that we all expect and prepare ourselves for.
plan your trade, trade your plan
Okay I did this analysis weeks ago. We have a trend continuation opportunity. See how price creates higher lows after the drop to 0.6829s. Resistance held at 0.7750s. We waited for the break above and the pull back to go long. Target 1 at 0.8077 and target 2 at 0.8644.
HAHA!!! HOPE THIS IS A GOOD ONE.
ENJOY YOUR WEEKEND TRADERS
UNTIL NEXT TIME - PLAN YOUR...
The EURGBP is currently in a state of sideways movement which is called consolidation. Consolidation leads to expansion, so as i analyze this price chart they question that I want to ask myself is
IF Price action breakouts out to the ___ side
THEN where is it likely to continue to.
Doing so will allow me to see if there is enough potential profit (with limited...
I think @Akil_Stokes would like this trade setup. Possible 2618 completing right where a bearish gartley pattern completes. Should price rise up to the PRZ, then I think it's very much possible to get a nice short opportunity, with a good risk:reward ratio.
The advanced pattern is almost perfect. It depends on the rules someone has on trading these patterns (how tolerant they are on the percentages). In any case, I am aiming for a .38 retracement of the last leg as my first TP. My SL is placed on 1.27 extension of the last leg.
Ask questions & Give comments!!