Happy new year!
This is my first analyze for 2016 on the FX:AUDCAD
Second trading day of 2016 and FX:AUDCAD shows some combination of patterns, and break of structures.
First of all IF the prices break through the 1.0037 resistance level we have a potential 2618 trade.
IF the prices hits the 1.0060 - 1.0100 zone we can look to go ...
After a week EURGBP hits again that major support level on the 4h chart.
At this moment it looks like a double bottom but that's not a reason to go long.
on the 1h chart we also have a double bottom with bullish divergence.
All i'm waiting for is a break of structure to the upside on the 1h chart and a retracement (what will turn into a 2618 ...
Thanks to the news tonight we had a break of structure of a major resistance line and a 2618 on the FX:AUDCAD and even a potential bearish bat pattern..
So for the ones who don't like the big risk of the 2618 you can either wait till it hit the 768 line so you will have something like 90 pips of risk.
Or the 886 line of the fib retracement for the ...
Bit late sharing this one for the 2618 IF you would like to get involved on the 618 retrachement.
I prefer the 768. And we have also a potential bat pattern. So enough reasons to go long on the FX:NZDUSD.
Good luck today traders!
Jimmy du Bois
Hope you all had a good week on the tradingfield.
I've got up early this morning and was looking on some other pairs which i don't trade.
I noticed that on the FX:CHFJPY was in consolidation this week but if we look on the higher timeframe we got 2 potential patterns. Although the consolidation these 2 patterns are still valid.
I'm not giving any ...
My name is Jimmy, I'm from Holland.
The first trade with real money i've placed was this summer june 11. And gues what ... i made $300 in 1 hour. I was like why on earth am i working for $10 p/h i need to quit my job immediately!
The last trade i placed with real money was July the 1st. I lost all my money in 3 weeks.
Glad i didn't quit my job. ...