cadchf has been rallying to teh upside but following the trend i am looking for sells towards the downside. if charts follow my intuition i will have a trade with triple confirmation of supply and demand zones, trendline following and fibonacci ratios on the 0,618 level with a move to the nearest demand zone. tp and sl are on the chart. apply proper risk...
based on how markets operate we have been on the exaustion phase for quite some time and should be expecting a rally towards the upside. we are also within the formation of an heads and shoulder pattern which strengthens my idea of a further push to the upside
Price dropped accordingly during the 15h30 rush and now I am expecting prices to either form a double bottom or inverted head and shoulder pattern. TP and SL are on the screen. The red lines are the 1st and 2nd take profits. Safe trading. Recommendations: start off with a 0.01 lot size and when the trade starts gaining momentum gradually add more buys and let's...
Set on old support on yesterday's trade we will be looking for a buy setup and possible reach the 1910 mark. Selling pressure seems to be setting down and hopefully we will see a reverse of structure. Enter on morning star / engulfing pattern. Preferred lot size is 0.04 but you could go with whatever you like. Safe trading yall :)
Us30 had played according to plan on my previous posts. We are now looking for a retest of the highest point on the descending wedge and aim for a strong move to the upside. Take profits and stop loss are indicated on the screen. Always enter trades on retests of support/resistance.
After trade setup had played according to play we will be looking for a shift onto the upside. Wait for a retest of structure before entering. Rather be safe that sorry
