CHF index shows it's about to reverse to the downside (weaken). This plays well with this scenario. EUR index bullish and weak CHF means EURCHF will rocket.
Price is above the Daily, 60 and 15 KS as well as the cloud. All of our 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7313 Stop = 1.7293 Risk = 25 pips Profit target = 1.7391 (Daily Senkou A) Reward = 78 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you. Have a Great Weekend!!! Allen
GBPCAD sell@1.71035 SL@1.70379 TP@1.73033 Being bullish on the pound has been a good choice almost at all times for the last months. Last weeks it retraced a bit, then some range, and now a little impulse (green). The 50%-60% zone + 200EMA gives a good entry point, with extremely good Risk/Reward ratio. Since it is currently going down with force, it could very...
ENTRY: 1.71100+- TP: 1.70750 TP2: 1.70500 TP3: 1.70300 SL: 1.71600 Chart time frame - 4H Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
Hi fellow traders, GBP CAD is in deeper correction right now and forming wave B. It will keep going down till at least the 31st of January. After that we are getting a big reversal to the UPSIDE! We could see this big wave on the weekly on all GBP pairs. Please like if you thought this chart was helpful in any way, Thanks! :)
This is a flag formation that's not complete yet. I decided to check the lower timeframes to see how price may respond to the daily level below. So far, I like the chances of it continuing to be bullish. Of course, I have TPs in place just in case it won't pop off like I'm looking for. Whatever man. As long as I can trade from a good setup, I have no issues where...
GBPCAD to me still looks bearish. Sticking with the GBP bearish bias this week. Things to look for: Strong support (black horizontal line) Where the market opens - If the market opens above the trend line then we could have a bias change but as is on the frozen chart - bearish Please leave a like and a follow so you never miss any of my ideas in the future I'm...
EURNZD. False breakout on this pair and had a really good entry. Would like to see this pair hit shaded area and ultimately keep moving lower. Price has been supported by minor trend line and is making bearish wedge pattern into previous major trend line support. Also 4H engulfing so shorts should not be an option right now. Need price to move higher to looks for...
ENTRY: 1.69550+- TP: 1.69000 TP2: 1.68500 TP3: 1.68000 TP3: 1.67600 SL: 1.70350 Chart time frame - W Follow, Like, Share or Comment Thanks on supporting! All best!
Price of GBP/CAD approaching bottom of upside channel. We should soon see an impulse to the upside back to the 200 MA, 1.7205. Non Commercials are sill positioned long on GBP. As for CAD, situation is slightly neutral. Price correction to the upside of USD/CAD pair has already started, which means further confluence for the analysis. Short term we want to see...
We have seen a decent correction in GBPCAD over the last few weeks. However, price action indicates that things might turn around very soon. I believe a reversal is on the way for GBPCAD. Technically, a) Price is finding support at the 100D EMA. b) A descending wedge formation is taking place. So, I will be looking to go long in the 1.6850-1.6950 zone with SL...
GBP is currently a weak currency with weak data so shorting against a stronger currency CAD (strong data and monetary policy is neutral).
Price is above the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. BO Entry = 1.7077 Stop = 1.7052 Risk = 25 pips Profit target = 1.7177 Reward = 75 Pips RRR = 3 - 1 I would appreciate if you leave a comment or like as a thank you Have a Great Weekend!!! Allen
We are in a range according to the 4hr. According to the monthly and weekly, We are in the middle of a bear run. This range is several days long so far, so we are waiting for a breakout trade for this one to be active. Don't know when that will happen. So you can range trade until it breakout, or you can wait until it's free. Your choice. BEAR TPS: •...
ENTRY: 1.70900+- TP: 1.80200 TP2: 1.80500 SL: 1.70550 Chart time frame - 1D Time for reaching TP - 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR. Entry = 1.7074 Stop = 1.7054 Risk = 20 pips Profit target = 1.7134 Reward = + 60 Pips RRR = 3-1 **Once this trade is up + 25 pips, move your stop to breakeven and let it run I would appreciate if you leave a comment or like...
GBPCAD is based on major uptrendline on h4 Price retested broken downtrendline on h1 and then reverse with strong bullish movement Price is above Moving Average 100 and based above HVN at level 1.7065 RSI is in uptrend It's to expected to target the 61.8% fibonacci level of bearish wave at level 1.7472
In the video our lead trader, Denis Popivoda, explains a trading plan of this initially swing trade, that might be compounded into a day trade (and swing trade).