Get started

Rsidivergence

USDCAD: possible long opportunityUSDCAD is breaking the trendline formed since the beginning of this week. On the chart you can see some support/resistance areas + RSI divergence + price above all moving averages and not too far away... Stocks and oil are under pressure, thus risk-off is favorable for USD bulls. Another USD long already opened. Entering the position around 1.3560 (current level) with 1.3780 T/P and 1.35 S/L provides decent R:R=3. Wait for confirmation and relevant price action on the lower time-frame before entering the position. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Long
by GIgor_021
EURUSD: possible short scenarioThe main fundamental risk is continuation of the risk-on in equities, otherwise we can expect another strengthening of the dollar, which proved to be a risk-off instrument. From techincal POV: -H&S chart pattern -RSI divergence Joining EURUSD bears from around 1.1262 price with S/L above 1.1360 and T/P around 1.1000 level provides decent R:R. // Make your own analysis before entering position. Feel free to share your opinion/position via comment and follow me to stay updated + support my work by hitting like.)
Short
by GIgor_021