The continuous flow of momentum to the downside is heavily pressured by sellers, the price has recently however tapped confluence regions of 1.2750s supported by our 78.6% fib retracement and the respected downside trendline. risk/reward ratio 1:2
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for AUDCHF, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
the onset of negative sentiment towards the UK with Brexit negotiations falling etc, the price has retraced to a nice rejected fib region. We could expect further downside to previous levels and possibly lower.
price has been consistently bearish pointing towards a very negative sentiment on the dollar vs the Canadian pair, hence why we can anticipate certain pullbacks/retracement around ideal regions for better scaled in entries in favour of the trendline. 1:1.5 risk/reward ratio
What drives the market in general over the long term is rather simple. On the inflation adjusted chart in particular we can see how the stock prices were impacted by the policies of Reagan and Clinton (which continued the same policies but under another name because they are from a different party). It is enormous, explosive, impossible to miss. As you can see in...
On higher time frames, e can see that eur/cad is continuously bullish and exhibiting higher highs and higher lows. Most recently, price retraced lower to favourable regions where price rejected the 50% fib region which gave us a reason to go long, however, if we see a deeper rejection into our trendline we will look for further longs.
Price has tapped a major key resistance of 125.00 which we have previously seen, this region is also confluent to our 78.6% fib region on larger time frames. risk/reward ratio 1:1.8
price is respecting this fib region, continuous candlestick rejections. tight risk/reward
Running Trade... We are already entered the trade wait for the 4h candle to close. Stop loss 40 to 50 pips depending on your lot sizes Because we are looking more then 200 pips. Do your own analysis ... Dont Forget Moving Stop-loss At Break-even Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the...
A display of candlestick rejection around our key fib region, also, the price has been consistently bearish with continuous momentum to the downside. risk/reward ratio is 1:2
From our last setup on gbp/cad we saw the surprise and eventual tap of the key region around 1.7400 now price has retraced to the key region where we could expect price to exhibit a new leg to further lows into targeted region. risk/reward is great as usual
price retraced to our key fib region, with some consistency of candlestick rejections, could therefore expect a new leg to be formed to create a new high. intraday setup risk/reward ratio 1:1.7
on higher timeframes, gbp/cad has remained in an upward trend, however, a major key region of 1.7400 hasn't still been tapped. We can see additional confluence around that region. With current fib suggesting additional leg could be formed to tap that region. risk/reward is 1:3
GBP/CHF is following a very wide channel, of which it just bounced off the upper trend line. The GBP is in some rough weather currently, so be wary for swings. Trade this set-up carefully, wait for the price to close below the confirmation line to get some insurance in case the price will return bullish. Consider Support 1 to exit your position (partially). In...
AUD/NZD's support managed to hold. It bounced off with quite some force, so i'd betting on a reversal of the trend, at least in the short term. Consider Resistance 1 and Resistance 2 as excellent profit areas to exit your trade.
NZD/USD and all other NZD pairs have seen a bullish trend over the past week. It seems this trend is correcting for the time being. The RSI was severely overbought at the moment it hit the trend line, making the reversal from the resistance more believable (and tradeable) Support 1 would be the most conservative target for a short trade. In case bearish NZD...
Long ES Entry price 3553.50 Stop loss 3498 4 hour EZ system. Rules of this system. Basic strategy. Highly profitable with clear signals. Good for beginner traders. Don’t stray from the rules and you will make money. Trade is over when you are stopped out. No profit targets used or needed. Stop loss is adjusted based on volatility of price every 4hrs ....
GBP/CHF has been following this channel for two weeks now. Every time the trend line area's are hit, a swift and powerful rebound occurs within a few hours. Consider the red marked area as a possible exit, since its close to the recent high and the upper channel trend line. The oscillating nature of the forex pair combined with the coming high volatility from...