Kangaroo-Market

Kangaroo-Market

interesting PA on 1h timeframe Tp is a little exaggerated..you can trail your profits

Kangaroo-Market Updated 

11% already looks tempting good idea if you wait for the bigger move down also good to go directly if you are more like an investor :)

Kangaroo-Market

seems like a fake out to the upside

Kangaroo-Market

smaller SL depending on your risk appetite

Kangaroo-Market

you can always wait for a better entry or make your SL bigger

Kangaroo-Market

took a look on what happened with AUDCAD pair before the RBA release; seems that most of the days prior, are green. considering also the fundamentals(China, Delta, vaccination): if the bounce won't come, I will get out of the trade depending on the PA. If it will I will place an BE after the trade goes up a little

Kangaroo-Market

Australia has a very low vaccination rate(14.3% fully vaccinated) and with the spread of the Delta variant, things are not looking good. Also, CHF is getting stronger when we are facing uncertain times. We can have a little push with a recovery from Chinese stocks or RBA on Tuesday. Overall trend is bearish.

Kangaroo-Market Updated 

seems that this pair never disappoints I will wait for the price to go a little higher, but the overall look seems to be bearish

Kangaroo-Market

more like an investment...not trading TP and SL can change depending on the market conditions

Kangaroo-Market

I'm more with the second way to go..the long way; waiting for a retrace

Kangaroo-Market

two ways to go :) well...the third one(going upper) is possible also

Kangaroo-Market

Seems that EurCad came back for a little retest before going upper in the next days/weeks Remember that nobody can predict if the retrace can be bigger or no :)

Kangaroo-Market

reasons for going short: -touched the resistance zone -PA showing that price didn't manage to stay above the channel. -being at the resistance of the channel long: on the big scale EUR looks to get stronger and a push above the tested resistance is possible

Kangaroo-Market

looks like a good short opportunity to me :) don't forget to manage your risk accordingly; beak even stops or trail stops depending on PA

Kangaroo-Market

a bigger retracement can take place manage the trade using your own risk appetite

Kangaroo-Market Updated 

Saw this before

Kangaroo-Market

SL can be larger or smaller depending on your risk appetite;

Kangaroo-Market

if you are not a mid term trader, you should wait for the entry presented; if you are (like myself) going long now is not a bad idea. markets are getting hot...gold should rise