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TRADE Idea on GBPCAD. This is after a battle between bulls and bears.
Slightly missed actual entry. Trade continuation entry. Risk:Reward ratio of 1:1.3
The trade has a 71% chance probability of going up to the level indicated. The chances are low that it will continue however, infact very low. This is a counter entry trade. You welcome. Remember I wrote this before trade played out.
I need to keep this here, for me. If you bump into this and like this style of trading and are interested in how I pick these setups and how to manage to get the most out, just holla. I will probably make you pay. There's a good chance I will make you pay but there is no doubt I will ensure you grow.
Wait for entry to cook before entry. Understand fundamentals of GBP and CAD before entry. Wait for the perfect entry if you are bullish.
GBPAUD Bulls showing signs of life. Wait for bears to run their race before entry to the upside.
A combination of sentimental analysis and fundamental analysis.
Thank me later. Beyond Technical Analysis. CADJPY is currently bullish but bears will come in and state their case.
Trade has already played out. Just one for the Archives.
FUNDAMENTAL STRATEGY is based on US yield rates data (Daily Treasury Par Yield Curve Rates). TECHNICALS are bullish. FUNDAMENTALS are bearish. CONCLUSION: Wait for 8:15 candle for ''exact'' direction confirmation.
Price broke entry trendline. The entry trendline found by using volume indicator called OBV; When price was moving down, volume was picking up suggesting bullish sentiment in the market. Price then created an order block and came back to retest it suggesting bullish momentum. Enter using buy stop order.