We had our stop hit. We have a good risk to reward ratio once again. Let's get it
The pair is in ranging, we could be in the distribution phase. Trade support and resistance
Back to basics, support and resistance trading simplified
We had a falling wedge retracement on EURCAD. Now we are experiencing trend continuation and fundamentals allow for the continuation.
Price action, support and resistance, trend following
The CAD is gaining strength and the pair has hit the trendline for the third time. Third time is the difference.
I see an opportunity to go long on USDCHF. Support and Resistance .
The trend is your best friend. We will be trading in the direction of our trend. That reason makes this trade a high probability trade.
It is pure price action. Patterns, supply and demand zones, support and resistance and trendline.
The double bottoms shows us that the pair could reverse to the upside. We will look at the key levels on our 4hr chart for a change in direction, through the candlestick patterns.
We are going to see break-out and re-test trade opportunity.
Trade the trend. We are going to do that for the pair GBPCAD.
We are simply going to trade the pull back, the same old break-out and retest strategy.
The pair has retraced back to the famous 61.8% on the fibonacci retracement tool. There is a good chance that the pair will push higher to the established trendline.