MyFxPicks

MyFxPicks

Hello risk participants This is my idea in USDCAD. The pair, inclined downward, still got some fighting spirit in it. I do expect some bull runs before the real plunge. Good luck and take care.

MyFxPicks

In our previous setup on this pair we failed to secure a move due to our being stopped out; our entry was a bit too early, and as a result we were stopped out. In this setup, although bearish overall, we are trying to catch some of the recoveries price is likely to make due to the dump. Bear in mind that the setup is a bit too risky since overall price action is...

MyFxPicks Updated 

A selling opportunity presents itself in the form of re-test of the previously broken trendline.

MyFxPicks

Hi fellow risk-takers, I hope the year has been good in terms of growth both equity-wise and mindset-wise, and are super excited and ready for 2023. My last post of 2022 features AUDUSD in which I have a long position opened already. Expectations is for the pair to heads up a bit in a 90-pip move. Good luck for next year and trade well.

MyFxPicks

The bull run in AUDCAD was fierce, strong, and impulsive. But all things come to an end. Suppliers' liquidity as indicated on the chart will most likely act as resistance and prevent the pair from going up any further. From there we may see the pair resuming its long-term downward trend. — how does one trade the pair? Wait for the FED interest rate decision,...

MyFxPicks

USDCAD reaching a critical resistance. Observe any strong reversal signs around the line. A decisive close above the line invalidates the sell idea.

MyFxPicks

A breakout to the upside is looking increasingly likely. Buyers are stamping up their authority. Watch out for breakout of the pennant and look to buy at re-test.

MyFxPicks

A high-probable opportunity is brewing on GBPAUD. This could be a sell-and-hold trade with high R&R. Trade well and take care.

MyFxPicks

If you missed an entry opportunity for short in USDCAD, hold up .... a second chance is in the works. USDCAD is bearish and the lucrative trendline is offering entry opportunities. Observe price action begaviour around this trendline for confirmation into shorts. Trade well and take care.

MyFxPicks

Could CHJPY find support at this rising trendline? If so, this could be a nice R&R trade. Trade well and take care.

MyFxPicks

This trendline is expected to hold and send the pair nosediving!

MyFxPicks

A buy idea is developing shortly on EURUSD. The top part of the demand zone has formed a local higher high, I do expect the bottom part to extend such recently formed high. Trade well and take care.

MyFxPicks

A buy & hold setup. Demand to gain traction in the following days, weeks, and months.

MyFxPicks

USDCAD seems to have reached an end of its temporary bullish retracement. Consequentially, what is to follow is the resumption of the previous dipping. Trade well and take care.

MyFxPicks

EURJPY may look bearish and all, but bulls are still having the upper hand, the uptrend has not still been broken yet. For this reason, bullish bas is still valid for as longs the previous LH has not been violated yet.

MyFxPicks

EURUSD is far from bearish at this point. Some highs need resting before we call for any shorts. Strong bullish sentiment still remains. Sellers to remain cautious while buyers to look to add to their positions. Trade well and take care.

MyFxPicks

DRD Gold shares are inclined upward, and the move may equal the previous high.

MyFxPicks

CADJPY may be making a retracement before it extends its losses in the month of December! Watch out for this trendline as it might be drawing price to it in order to drive it down. Trade well and take care!