Don’t miss out on the great USD/CAD BuyBefore taking this wait for more hourly rejections to the upside
Priceactionstrategy
EASY AS ABC lol what are you waiting for LIKE and comment.
what do you guys think is going to happen to GJ?
This clear and simple! Like and Comment if your in on this or you agree ;)
As we all know in trading, patterns repeat, the more you trade the more you see them. Ive been trading for a moth and ive seen this like every trading day. Do your own analysis but im all in on this!
AUD/CHF Dont Miss Out!Like and Comment if you agree
Please wait for a retest of this zone before taking the short
AUDJPY SELL IDEAAs we get a rising wedge formation and a double top formation, it should be cool to go short on this pair.
USDCHF SHORT IDEAAs price broke out of the rising channel, it should be cool going short on this pair.
USDCAD: TO 1.45000!USDCAD: broke below 1.39750 key psychological and snapped back above support (fake out). Price managed to close off a strong daily candlestick which engulfed six days of daily price action (notice the size of the daily engulfing).
Scaling down to the 4hr time frame we can see price ranging between 1.39500-1.45000. Also notice how price broke above this down trend and is on the way to retest support, the trendline, 61.8% fib retracement, and 1.39750 quarterly psychological zone. If price shows any signs of rejection or manages to maintain above this zone, then look to buy USDCAD to 1.45000 key psychological zone. However, if we violate this zone then we must reevaluate price action. Due to uncertainty of market fluidity, risk management is highly recommended.
USDJPY: Longs To 109.000!Daily Time Frame: We can see price creating a double bottom formation at 107.000 key psychological support. Also notice on the second bounce how price created a morning star reversal formation.
Scaling down to the 4hr time frame, we can see that this market has been ranging between 107.000-109.000 key psychological. If price comes down one more time to 107.000 support and show some signs of rejection, then we can look to buy this up to 109.000 resistance. However, if price violates this support and close below, we must reevaluate price action. Due to uncertainty of market fluidity, risk management is highly recommended.
CABLE WEEKLY POSSIBILITIES.FX:GBPUSD
If Cable gets to 1.25 it might fall and retest 1.19 before a possible upside to 1.30.
300+ pips short on GBPUSDLast week the pound has been consolidating against the greenback until the breakout of friday as economical news made the dollar gain which led the breakout.
Long on EURGBPAs today we got rejection on 0.87528 to 0.87401 zone, Clear double bottom and bullish momentum started.
CABLE PROBABILITIES/PREDICTIONSPrice needs to get to 1.99 before we can have a clear prediction because a rising wedge calls for a possible fall to 1.88 before a long positions are considered.
Would you go long, short or no trade on this chart? (Nov. 26, 2018)
This is a good opportunity to practice your price action skills. Before moving the chart forward, answer the following questions:
1. Would you go long, short, or no trade...right now on the chart above?
2. Reasons for trading or not trading?
3. If you would trade, call out your stop loss and take profit.
Then scroll the chart forward to see how you would have done! Leave your results below...
