1. it was break support from minor bullish trend
2. major trend is bearish
3. price below resistance
4. overbought by stochastic
5. good risk/reward ratio
Risk on You, set your own trading plan :)
i think GBPCAD has a probability to goes down..
why? these are the reasons :
1. Ascending Broadening Wedge
2. Correction Wave
3. Shooting Star (H4)
4. Resistance & MA100
It has a high probability and good Risk/Reward Ratio :)
i try to counting wave in this pair, and here we are..
so, i think the price will goes down once or twice before the impulse UP is coming..
it just my set up, set your own trading plan :):)
happy to share :)
ITS GOOD TO SEE THE OPPORTUNITY ON USDJPY..
WHY I THINK USDJPY WILL FALL?
1. ITS CORRECTION (BEARISH FLAG PATTERN)
3. FIBO LEVEL 38.2/61.8
4. MA100, SLOPING DOWN
"ANTICIPATE THE NEXT WAVE"
AND ONCE AGAIN, IF IT GIVE YOU A GOOD RISK/REWARD RATIO.. NO DOUBT TO OPEN POSITION SELL..
KEEP SAFE, SET YOUR OWN TRADING PLAN :)
If want, you can sell now I guess.. but better to wait the best price..
why I think it will goes down?
1. Down Trend
2. Rising Wedge
3. Lot of Resistance
wait the price going up to Resistance, and Sell on that!
Set your own trading plan..
keep safety! :)
ANOTHER OPPORTUNITY AT GBPCAD, IT HAS A POTENTIAL TO GO UP!
1. PRICE AT SUPPORT
2. PRICE AT FIBO LEVEL 61.8
3. IT HAS A GOOD RISK/REWARD RATIO :D
ALWAYS TRADE WHEN THE OPPORTUNITY COMES WITH A GOOD RISK/REWARD RATIO :)
YES, ITS SPECULATIVE CAUSE THE CANDLE IS FULL BEARISH..
BUT IT HAS A GOOD RISK/REWARD RATIO..
STILL LOGIC WHY I THINK ITS GOOD TO BUY, CAUSE :
1. TREND IS UP
2. AT SUPPORT NOW
3. OVERSOLD BY RSI
SET YOUR OWN PLAN, KEEP SAFETY! :):):)
1. CURRENT TREND IS BULLISH
2. SYMMETRICAL TRIANGLE (CONTINUATION)
3. TRIANGLE SUPPORT = 61.8 FIBO
4. WAIT THE BUY SIGNAL FROM CANDLESTICK ---> BUY
5. SL BELOW THE PATTERN SUPPORT & BELOW 78.6 FIBO
IT HAS A PROBABILITY TO UP, SET YOUR OWN TRADING PLAN :)