this was the best trade of yesterday. setup was quite similar to the eu setup but in that we took a short term of 30 pips as buying wasn't a great deal there.. This trade was amazing in term of pips, risk vs reward ratio.
if you take a look at the dollar index, you will find that it nicely broke the trendline and made its initial move up.. now its time for corrective move or a continuation pattern; price is likely to make a corrective move to the downside. if that happens it is highly likely that it gonna have confirmation of head and shoulder pattern as well; so we...
i'm short from the top on usdcad and right now its at a critical point. We may likely to see another some move up correctively. and then we may witness a fall in a day or two. I posted a usdchf chart as well, if on that daily candles closes within the trendline then on that pair too we may expect another short move up. so trade wisely.
WHAT ARE YOU...
Hope you are fine and enjoying the a good profit. USDCHF is standing at a pretty good point and likely to drop. so looking for a buy will not be a right option at this stage so avoid buy. according to my analysis it will likely to fall and that will be a quite deep and sharp move. mentioned target is not the final target which i will be looking...
hope all of you are fine and trading well. If you guys take a look at the yen pairs, it seems they are ready to make a move to the upside.. same thing is happening here on audjpy. momentum seems fine.
TRADE ACCORDING TO YOUR OWN STRAGTY,
hey traders, hope you all are well.. I was going to post this trade yesterday when I was taking on 30mins chart but couldn't. But I am posting this now to share my views with you guys. I am quite sure that i will be a big trade to the downside.. if you take a look on weekly, chart you will have the idea how big its going to be..
and trade safe.