Welcome to our weekly trade setup ( GBPCAD )!
Market about to turn bearish..
Bearish price action and pressure formed, good short entries!
Overall bullish market about to break back towards previous lows.
ENTRY LEVEL @ 1.74750
SL @ 1.76470
TP @ 1.72060
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all...
Let me break this down for you...
Yesterday, I had this triangle formation drawn. Bullish momentum was ready to occur if it broke to the upside which it did. That's great the pattern worked - I measured the the triangle and we are at that exact area.
Now sometimes, there is no pull back its a formation of a break out that sometimes occurs within the markets....
I took a fade trade on the majors yesterday, dollar rising- worked out great but you got to remember and think - Is it time to sell again?
AUD/USD, Keep in mind it is a commodity currency pair.
Until it's not passed below the yellow small bullish channel we have going, the bulls are in control - Areas to keep an eye on are: 0.71800 /0.71900 then it could be an...
Welcome to our weekly trade setup ( EURCAD )!
Very bullish price action and takeout.
Expecting another push to the downside taking out several long holders.
Overall bullish market turning right now, good short entries!
ENTRY LEVEL @ 1.54650
SL @ 1.55330
TP @ 1.53640
Max Risk. 0.5% - 1%!
(Remember to add a few...
Not my usual choice, but if there's a good clean set-up I will go ahead and analyse it further.
EUR/NOK - Will the bullish momentum continue?
- Pattern wise - Looks like inverse head and shoulders.
- As long as its above that trend-line up the bulls are still in control
- This trade idea, could reach towards 161.8 areas
As the market moves...
Gold is trading out of the ascending channel and break out of lower trend line working as support. If breaks 1780 then there are chances of big retracement. After hitting 1820 resistance prices pulled back at 1795 the strong support historically. We can see a retracement of prices in 1780 before prices can achieve the 1840 mark in the near term.
Please hit the "LIKE" button if you find this post useful. Also, don't forget to subscribe to get more trade ideas like this. Thanks!
Brent crude is trading at an important long-term rising trendline which acts as a solid support at the moment.
The 1-hour chart shows a nice retracement today, signaling further strength in the price from a technical...
CAD/CHF - We have a wedge formation...! This could be interesting.
With all markets, there are opportunities, luckily in FX Trading you've got various minor pairs you could go dig into.
I present you CAD/CHF in an interesting wedge formation.
Bears get further control if it declines towards lower ends of 0.68 areas. Below further decline the next support area...
In continuation with the candles chart posted earlier let's have a look at the line chart, "GBPUSD move upward from 1.22486 which has multiple time-proven support, the pair tested and price breakout from 1.2650, now testing again the same level after breaking the channel; we can see a potential breakout can give us a huge profit opportunity till 1.28000 level.
I was trying to understand the price movements and this idea appears, what if this is a C&H pattern? }(I'm not sure at all, it's so early) in that case we can project an objective price above $5.86, I'm not shure when but maybe by mid-august, of course if the oil prices still up.
This is not an investment advice.