Here you have an example of a strategy, you consider stop and targets with a risk reward of at least 1:2, without which you won't even consider entering the trade.
This is just for educational purpose.
The pair has been trading in a range for quite a while, but the market is playing with us, make us think that the pair could go up.
we analyze how could go for the coming weeks, so a long term analysis, trade with own awareness. #forex
We do not take any responsibility for your trades!
have a nice weekend
Next week take a look at the currency index forming a possible gartley on D1, the rules are strict, wait for the price to reach blue zone and wait for confirmation candle stick, before selling to our targets.
Here we have a possible cypher harmonic, wait for some candlestick patter before entering long. Again our rule is to wait for a pin bar or an engulfing pattern in the prz without which we don't go long.
Trading forex can be a fantastic business but, without education can be a pain in the neck!!!!
As said time and time again head and shoulder is our favourit chart pattern and yet again is forming on gbpjpy, but the rules are strict. wait for the break of neck line, to confirm the pattern and than wait for the retest of it. without which we don't enter this trade. It is simple we you have rules, but you need to respect them.
As always take your own...
Looking at the H4 chart it seems that it's forming an head and sholder pattern. wait for the break and a possible retest.
stop above right shoulder and profit the all head.
trade well with money management! This is just our view and, we cannot take any reponsability for trades you take.
As usd cad we have a possible head and shoulder here we have on cadjpy another head and shoulder which is logic and as I am writing we have the retest of neckline. let's see if we have a good reaction here.
target as on the chart.
take your own risks
Here we have another head and shoulder on cadchf already broke the neckline, but we are waiting for a retest and a possible reaction.
target the all head.
stop just below shoulders
remember this is a daily chart so the trades are long and we need a lot of pacience, if you can't hold a trade for such a long time, better look for scalping.
Anyway, this is just...
This channel would give us the next move, it seems like a rising channel, so a breakdown would be my guess, but in trading there are no guess.
trade at your own risk
knock me if you need help!!!!
We are near a good resistence zone that is also the prz of a bat pattern, please wait for confirmation candle pattern.......
As always we take the trade but won't suggest for others, learn yourself how to identify this patterns.
knock me if you need help!!!!
bulls needs to fight if they want to reverse and this garley could be the confirmation.
As usual this is only our analysis and won't be in anycase a suggestion trade. take you own responsability, because if you really want to succeed you need to learn yourself.