CADCHF has been retracing back to the previous high. We are expecting the pair to drop from this level that could potentially make a decent return on investment. The setup is complemented with a clear double top formation on the 4H followed up with divergence. Currently on M15 we are trading in an ascending channel just after forming another double top formation...
GBPCAD has bounced back up since hitting 1.723, it made a 2nd push higher to 1.743 missing the higher timeframe channel. The pair has since retracted back down to a high probability reversal zone. We are expecting the pair to move bullish trying to reach the higher timeframe channel before deciding to break up or get back into the downtrend. This could potentially...
GBPCHF has been retracing back to the previous high. We are expecting the pair to drop from this level that could potentially make a decent return on investment. Currently we have a high probability reversal candle forming on M15 that is supported by the following: - Divergence, - Double top Risk vs Reward: 2:1 Good luck! *Updates to follow!
NZDJPY has been retracing back to the previous high. We are expecting the pair to drop from this level that could potentially make a decent return on investment. Currently we have a high probability reversal candle forming on M15 that is supported by the following: - Divergence, - Resistance. *Conservative entry would be to wait for the break of trendline (B)....
We are expecting the pair to gain momentum to the upside from this level that could potentially make a decent return on investment. Currently we have a high probability reversal candle forming on M15 that is supported by the technicals. Risk vs Reward: 2:1 Entry type: Aggressive Good luck! *Updates to follow!
NZDCHF has been retracing back to the previous high. We are expecting the pair to drop significantly from this level that could potentially make a decent return on investment. Currently we have a high probability reversal candle forming on M15 that is supported by the technicals. Risk vs Reward: 3:1 Good luck! *Updates to follow!
AUDCHF has been retracing back to the previous high. We are expecting the pair to drop significantly from this level that could potentially make a decent return on investment. Currently we have a high probability reversal candle forming on M15 that is supported by the technicals. Risk vs Reward: 3:1 ENTRY@0.72159 Good luck! *Updates to follow!
Leading back to our previous analysis, we are in the short R:R 1:3 Goodluck :-)
Oil has reached a major resistance area and might be showing weakness soon. Trade the break out to the downside. Reason for Trade - Downtrend - Retracement over R:R | 1:3 Goodluck :-)
Trade the breakout RR: 1:2 Good Luck :-)
Short on Resistance. Reson for trade: - Bearish Market - 3rd hit to resistance R:R, 1:2.5 Good Luck :-)
Closed below Trendline. R:R 1:2 Good Luck :-)