Get started

Sell-signal

*GBP/CAD* Entry and ExitBuy IF: candle closes above the 0%. Take profit at -27% level Sell IF: candle closes below the 38.2%. Take profit at 61.8% level Note 1: (optional) For a better entry, wait for the candle to close above or below the mentioned level, and wait for the candle after to retrace back to the fib level. Enter on or close to the fib level. Note 2: The profit target must not be touched. If the candle jumps/drops and hits our profit target before closing, then our entry is no longer valid and we should wait for the next opportunity. Good luck!
by UnknownUnicorn913117
EURUSD OUTLOOK JUNE 15-19EURUSD is looking to fulfill an head+shoulders pattern based on the 4H and lower timeframes. The markets reacted this week with the Federal Funds Rate being kept at 0.25% for the USD. The markets have reacted strongly to that decision and has showed signs of trend reversals/USD strength in most pairs. The criteria I am looking for regarding this pair is 1 of 3 things. A 4HR bearish closure below 1.11929. Whether that be a bearish engulfing candlestick, bearish inside bar pattern, or a bearish pin bar candlestick. This should take this pair to 1.11000, which would equate to about 90 or so pips. Patience is key.
Short
by drewillixms
EUR/AUD FULL ANALYSIS: Possibly massive trend reversal ahead!Hi traders, Here's the EUR/AUD pair which possibly signals a massive trend reversal and a buying opportunity. As usual, we don't take any trades unless all rules of our trading strategy align. TECHNICALS : The pair has been in a nice downtrend since March, forming fresh LLs and LHs until it reached the 1.61 support, which aligns both with a horizontal support and a longer-term rising trendline. The interesting part happened yesterday: Risk-off flows formed a fresh HH (after the pair failed to form a fresh LL on June 8), signaling a possible trend reversal. The 1-hour chart zooms in a possible entry area: A pullback to a short-term horizontal support level. Now to the other signals that point up: RISK SENTIMENT: Risk sentiment has notably changed yesterday with the sell-off in US equities and with signs of a possible second wave of the Covid-19. This could continue in the week ahead. POSITIONING : Markets are bullish on the EUR after the recent ECB meeting, and have total bearish positioning on the AUD. Although the net AUD bias (net changes in positioning) has been bullish with the recent risk-on, this could possible change in the next trading week and push the EUR/AUD pair up. CORRELATIONS and INTEREST RATES: German/Australian 2y yields (green) are slightly diverging from the exchange rate, and Copper keeps falling (yellow line, inverted) as global demand vanishes. This could be another headwind for the AUD and provide support for the pair in the coming week. Please hit the "LIKE" button if you would like more posts like this. Thanks!
Long
by MujkanovicFX