Hi guys just a quick update on the EURUSD trade I posted a few days ago. Stop loss has been moved to secure 1% profit on the trade and targets have been adjusted to the previous low.
I am also launching a free telegram channel where I'll be posting trade info once a few members have joined. The link is in my status bio.
Hi guys, just another short video on AUDCAD. Apologies for sound quality, I have a new microphone coming at the end of the week! Hopefully more videos will be published after that.
Let me know what you think!
Hi guys, just a quick update for the EURJPY pair.
Price has taken a bearish move to the downside and has now encountered strong support and has started to develop a rejection wick on the daily.
Potential for a short term move to the upside until price reaches the resistance structure, this would offer a clean rejection at the 0.618 FIB level and then potential...
Looking at this set up on EURGBP. Evening star formation at the 0.5 FIB level on the daily charts indicates price is ready for a reversal.
EURUSD has also reached a resistance level (good correlation between EURGBP and EURUSD) which is an other bearish confluence.
What do you think of this analysis?
Price fell as expected. I hope you got in on the trade!
Price has started to show some indecision in direction. If we can break past the previous halt area, I still think we will push down to the bottom of the green area.
Love to hear everyones thoughts on this analysis.
Price has tested the descending channel resistance at the 0.618 level. Price has re-opened by breaking the counter trendline indicating that we might be moving down to the lower descending channel support level.
If you were looking for more confirmations to enter the 'scaling in' short on AUDCAD. Price has now broken and closed to the downside of the highlighted flag (rectangle).
It's likely you'll still be able to get good Risk:Reward on this trade.
What are your thoughts on this analysis?
Price has rejected the support level.
Price is now bullish after crossing the counter trendline. SMMA21 and EMA8 have crossed to the upside on the 15m (only ever use this kind of analysis for confirming an early entry).
Now might be a good time to scale into the AUDCAD short trade.
It looks like price has re-tested the support/resistance line and will be looking for bearish momentum from here.
Waiting for the next 1H candle close.
Hi everyone. Never posted this trade at the time of entry as I only sent the exact entry to a few particular people.
Price rejected the descending resistance zone and made a move to the downside. Currently got the trade open on a 1:6.7 risk reward ratio.
I think there is still plenty of time to get in on the trade as I have my target way down on the lower...