Long trade on USDCAD, looking at the fundamentals and technicals with tights stop loss and a good RR ratio. Looking at the current market landscape, it is better to be using tight SL and pay great attention to the fundamentals.
The market recently turned bearish to continue the trend but was met with a level of support on the higher timeframe. Looks like price is currently retracing. If price begins to form resistance on the 30m TF, there could be a possible retest of the low. If not, price can break above and continue to move bullish.
1. Price has formed support at a major level on the...
With our team we have prepaed a trading set up which has the potential of earning between 20 - 35 pips on EURUSD based on a long position. We are looking at the RSI plus support and resistence levels based on which we have the possibility of banking some profits.
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Hello Again, I don't post on here often, neither am I a professional trader, however my first and only post thus far was fairly accurate so decided to give it another go,
Please see this potential trade set up on the 1hr chart for GBP/JPY, Reasons are the following,
I believe we may be in a 5 way move to the down , currently coming to the end of wave 3,
We...
Although a lot of people think that GOLD will continue higher after the breakout it did recently, I'm actually expecting the opposite.
Make sure to watch this video until the end, because I also share another chart that is very similar to the chart on GOLD.
Also, I'm sharing with you the next levels where I expect to see price.
This is not a trading signal,...
In this situation where here we have price near big SUPPORT level, I think
We just can open our position and wait until the price will hit the Take Profit Line (price mark).
In Big Picture We still have Great Uptrend again in this pair.
If you have any questions? Ask me! Thank you
1.Price had a strong bearish move during the close of NYSE session yesterday
2. Price created a low
3.Price has retraced during the London session
4.NYSE open volume can push price down to retest the low that was created yesterday
Bearish movement can continue until 2pm today
ATOS - Intraday - We look to Sell at 38.73 (stop at 41.72)
The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts...
The pair has been on a downward trend recently, but has been recovering since early December. The bullish trend is very strong on the daily chart, but the pair failed to close above 0.618 Fibb. We also have a bear candle at this level (4h time frame). It could be a sign of the bull's exhaustion. Also, if you look at macd and rsi, you can see a strong bearish...
GBPUSD continued all the way higher towards the critical resistance area at 1.3360-80 which we believe for once more will hold, at least for today.
We will test this scenario with SELL positions at 1.3355 and 1.3375.
So our strategy is as follows:
Entry1: SELL@1.3355
Entry2: SELL@ 1.3375
SL: 1.3396
TP 1: 1.3325
TP 2: 1.3332 (if both entries are filled)
