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Kevindhaliwal

Short On CAD/CHF SELL SELL SELL !!!Reasons for -Firstly as we can see on higher time frames we are down trending -We have come to our key level at 0.75000 and shown a strong level of RES numerous times -Also our Fibonacci Lines up perfectly with our key level which price has reacted to at 61.8% level -Now the retrace is over we can look to go short ! -Also We are in a corrective structure ! selling the break of the channel would be the best thing to do if you want to be conservative ! -Also the overall look of price action in this area is very bearish If we go to the daily we have been in a area of congestion at 0.7500 which gives me we are ready for the last impulse to the down side Trade with care with guys 1-2% Risk :)
Short
by ARFXC
5
Short On EUR/GBP SELL SELL SELL !!Reasons for -Firstly we have broken key trend line -We have had an area of consolidation -And now we are getting a impulse move to the downside -We also broke constructive structure ! -So selling the impulse to the downside would be a good idea ! -Previous four hour candle was a engulfing that took out Almost a day worth of Price action ! -Altho this is a counter trend move i am trying to catch the start of a new trend which is risky but with a good Risk reward ! it is very worth taking the risk :) -Also on the daily the previous daily candles was a bearish hammer so hopefully we can break this low and then continue lower ! :) Good luck everyone and have a good trading week :) Keep good risk management 1% of account :)
Short
by ARFXC
2