Short the Aussie Yen at the top of this range provides a fantastic risk:reward!! If it forms a swing high, this is a beautiful technical setup. Top of the range, breakdown of support only to retrace and find resistance from that same trendline with a triple top to boot!! Tremendous potential If you have any ideas supporting or on the contrary to my opinion please...
The Euro Canadian Dollar had a strong impulse move to the upside from mid February to the middle of March. This move then stagnated and formed this bullish continuation falling wedge pattern. The bullish bias cannot be confirmed until there is a breakout of resistance. However another small move to the downside may cause it to bounce off support and provide good...
EURJPY, BUY indicated to us last week, TP3 hit today meaning a total account gain of 3%
NZD/USD pair was trading in the upward channel, forming a bear flag pattern. There is now a confirmed breakout of the flag support line. Wait for the pullback and short from there for a good risk reward profile. Le Classique... Like and subscribe to get more updates and ideas! Wish you luck in your trading!
based on the 1:3 RR we use, USDCAD would have achieved a total gain of 1% last week following our strategy with the SL&TP provided! first trade- we have a sell which hit our SL meaning a account loss of 1% second trade- we have our BUY, this hit our SL meaning a loss of 1% third trade- we have our final SELL for the week which hit TP, achieving an account gain of...
based on the 1:3 RR we use, EURCAD would have achieved a total gain of 3% last week following our strategy with the SL&TP provided! Our one and ONLY sell indicated to us last week hit our TP, achieving a total account GAIN of 3%! TOTAL GAIN +3%!
based on the 1:3 RR we use, CADCHF would have achieved a total gain of 1% last week following our strategy with the SL&TP provided! first trade- we have our first BUY, this was just 3 pips from hitting our TP but then went on to hitting our SL! you may have closed or your spread could have helped hit TP BUT im going to count it as a loss of 1% fo your...
A good opportunity to short. there is a nice downtrend forming as the price has broken out of the April range. A retracement to former support (MAGENTA HORIZONTAL RAY) also coincides with the 0.382 Fib and the S1 monthly pivot point . the COT data also shows speculators getting shorter on the pound and longer on the yen which can clearly be seen in this weeks...
Hello Everyone ! Below we have AUD/CAD pair on a SHORT Possibility, Price has been pushing for a long time in this wedge after a long BULLISH rally but finally we started to see some weakness. We have couple of Options on this Trade, either you can wait for a breakout- retest to go into a trade, or trade the double top Pattern Created, Manage it at your own risk....
I am waiting for a breakout in one direction or the other, on the daily, which you can see below. On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest. Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile. I am somewhat short biased,...
Overview: There is an ADP Non-Farm Employment Change report tomorrow at 5:15am PST which is expected to have a high impact on the US Dollar. We all know how unemployment has been recently - the worst the world has seen since the Great Depression. We are also entering the extremes of the range on the Euro and US Dollar, providing a high probability opportunity for...
MACD BUY SIGNAL. Created a double top earlier, but is now broken. Strong buy signal (200+ pips)
test number 4 Buy stop is triggered lets observe and see how price reaches to the important levels. inverse correlation GBPCHF overall managing risk is key and tops risking 1% per trade. #patience
GOLD has broken it's diagonal support, and return back to in in a pullback. An ideal place to short. Great risk-reward. The stop is just above the horizontal resist level+the diagonal resist line. Fist take 1:1 risk as always. Second take-horizontal level. Guys, please, like and subscribe for even more market insights. Thank you in advance! Wish you luck in...
Aud/nzd long opportunity out there, from a level with a good risk reward profile. Just one take here. Use trailing stop. Look at the price action within the triangle. If a 4 hour candle closes below the level, but above the stop, i will be closing the long. Guys, please hit that like button to support me! Appreciate your help a lot! Wish you luck!
Local long, from the support line. 1.5 risk reward. Close half the position at 1:1 as always. On larger timeframes I am short biased. The weekly chart indicates that the pair is trading at a massive resistance area. Very interesting to watch. Guys, like and subscribe. Really appreciate that! Wish you luck in your trading.
What i noticed is that trading a certain pair alone does not confirm entry. Utilization of correlating pairs and managing trades that way has more probability in capturing pips. Therefore, AUDNZD inversely correlates with EURNZD The trade will be invalidated if price breaks the psych level of 1.0500
Our strategy only involves trading psych levels due to price reacting from these levels. We are willing to lose, however, when we win we win more and recover from our losses I will be testing this strategy on all pairs 100 times and will be discovering stats, #of wins/ # loss / risk reward etc... AUDUSD inversely correlates with EURNZD. Therefore I will be...