If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
Price has one more chance to make it to the bottom of the recent lows, before continuing to the upside. Market has seen a correction this week because of the comments made by the FED, mixed in with options expiry this week typically we see a rebound towards the upside. Monday should present an opportunity to go long.
Breakouts as mentioned! Currently in no mans land - not worth taking a trade!
As we can see on the daily, GBPCAD has been having a lot of fun within the marked range. As GBPCAD approached the botom of the range, a fairly simple and easy trade to make is to long towards the bottom, set stop loss slightly below previous wicks outside of the bottom of the range (protect against liquidity grabs) and aim for the top of the range as a take...
We have seen a very bullish move from the US500 lately, with the past 10 days seeing 9 bull candles, and the only bear daily candle at 18 points down in a 220 point tear creating new ATH's. What Now? Is it time to short? Will this keep going higher? Is it risky to sell here? The answer to all these questions in my opinion is Yes. In my view, it is time to short...
Gold could make a push to the recent highs of the range it is currently sitting within, before making a push downwards ahead of optimistic NFP tomorrow.
History always repeats itself, especially in the markets. This isn't the end of Cable yet, but it will come. One more spike to the upside to take out the shorters and way down we go.