🧠 Trade Overview Pair: USD/CAD Action: Buy Entry: 1.3867 Target: 1.4100 Pips to target: +233 pips 📊 Quick Thoughts: Trend Check: Is the broader trend bullish right now? If USD is gaining strength (e.g., DXY rallying) and oil is weakening (since CAD is correlated with oil), then this makes sense. Resistance Zone: 1.4100 has been a historically significant...
IM looking at a XAU/USD (gold) trade setup with the following parameters: Sell Entry: 3300 Resistance (Stop Loss): 3340 Target (Take Profit): 3205 Here’s a quick breakdown of the risk-reward ratio and setup summary: Trade Summary Sell Entry: 3300 Stop Loss: 3340 (40 pips risk) Take Profit: 3205 (95 pips reward) Risk-Reward Ratio: 95 / 40 = 2.38:1 —...
GBP/USD short trade setup summarized clearly: --- Trade Setup: Pair: GBP/USD Direction: SELL Entry: 1.32150 Resistance (Stop-Loss Area): 1.32500 Target 1: 1.31690 (approx. +46 pips) Target 2: 1.31000 (approx. +115 pips) --- Risk/Reward Analysis (R:R): Stop-loss: 1.32500 (−35 pips) Target 1 R:R: ~1.3:1 Target 2 R:R: ~3.3:1 This setup has a solid...