About meI'm a Forex Trader based around North London. I have been trading for the last 5 years and currently trading a funded account. Ant and I offer services to anyone looking to get involved in the Forex industry through our premium group or our course.
Price is currently forming descending market structure within a channel. Price made an rising wedge into a strong level of resistance and the upper trendline of the channel. We have now broken out of the rising wedge and expecting some further downside movement.
Price showed signs of the bulls domination and we then saw the impulsive move to the upside. After this we can now expect a deeper retracement back down to retest some levels of support in the market. From this we can then see a continuation to key levels of supply in the market.
EURAUD: Neutral Bias
Price can go either ways. This is still backing the buy bias and would need to see a clean break above the resistance.
- Elliot Wave theory (1,2,3,4,5)
- Broken downtrend
- Rejected the key support of 1.53
NZDCHF - Buy Position 📈
Current floating trade. Now all we have to do is manage the trade. Once price smashes through the trendline we can then move SL to below structure which is where i've marked with the "X".
We will keep on doing this until it hits TP or Stop loss. This process is called stop trailing. If you wold like to know more and the hidden secrets...
GBPCAD: Short term Buy Bias and Long term Sell Bias
- We know that price needs to come and retest the psychological level of 1.76 within the market. This level also lines up with the 61.8% fib retracement. Therefore, we can look for day trades back up to this level.
- Currently in a 1hr micro downside which ones broken we can then consider the short...