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GBPCAD BULLISH TRENDHI, I THINK THAT GBP/CAD COULD BE HEADED TOWARD THE UPSIDE. THE PRICE IS OVEREXTENDED TO THE DOWNSIDE = RETRACEMENT/BULLISH TREND START. THE CANADIAN DOLLAR IS ALSO PRETTY WEAK SINCE THE BEGINNING OF JULY & I THINK THAT THE BRITISH POUND WILL REGAIN POWER THIS WEEK. THE H12 DEMAND ZONE IS ALSO LOCATED ABOVE A STRONG DAILY SUPPORT, THAT'S WHY I THINK TO WE COULD SEE A NICE MOVE TO THE UPSIDE FOR THAT PAIR. ON THE COMMITMENTS OF TRADERS REPORT, INSTITUTION ARE LONG ON GBP & SHORT ON CAD. CORBEAU
Long
by Corbeau_FX
AUDUSD price is now bearish after manipulationYesterday, a lot of currencies moved abnormally, in that they created a candle with a really huge wick. This must've been the manipulation after the huge shorts that were made. Price is almost finished filling out the huge wick, and since other traders are gonna go long after seeing this huge up move, the market makers are gonna plunge the price down. So that's my reason for going short on this trade, and I've already shown all the other stuff like TP, SL above. Goodbye.
Short
by NhatHoang123
3
USDCAD just here to flexin' a winning tradeI first saw a priceline that market's been reacting to over and over again. This time, it seemed to act as a support line. However, when I got in, I was lucky enough to already see that market grabbed liquidity from SL of trades going to against the support. So, what time was it, guys? It's my time to win some pips of course. When trying to move my TP, I saw an upper area of liquidity. Price also reacted to that level several times, and I hoped to see that it happened again, and it did. There was also a higher TP that I was considering, but after seeing the Area of Liquidity, I closed my trade as soon as price reached that level. Made literally 69.420 pips on this currency today, guys. Happy trading!
Long
by NhatHoang123
CADJPY | END OF CONSOLIDATION |BULLISH IMPULSE ON THE WAY ?LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE BUY AT THAT ZONE THAT ORIGINATED THE BULLISH IMPULSE, WITH A TP AT 81.000. **HOWEVER, IT COULD ALSO BE A BULLISH TRAP, WHERE THE PRICE PUSH THROUGH LAST WEEK HIGH TO INDUCE BUYERS AND TAKE OUT LIQUIDITY. BE AWARE** NICE TRADING WEEK TO Y'ALL PREVIOUS WEEK IDEA:
Long
by Corbeau_FX
AUDNZD REAL DEAL OR TRAP ? BEARISH REVERSALHI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A STRONG PUSH TO THE UPSIDE TO TAKE OUT THIS LIQUIDITY ZONE AND THEN A BEARISH IMPULSE TO THE DOWNSIDE. OR IT COULD JUST BREAK THE NECKLINE OF THE DOUBLE AND CREATE AN IMPULSIVE BEARISH WAVE
Short
by Corbeau_FX
2