The pair has seen a bullish run late last week. Right now, i am bullish on this pair and will look for buying opportunity. To maximize my risk-reward, i will wait for a pullback to my identified support level before opening a buy trade with TP at next resistance level.
The pair has recently broken out of my identified trendline. Right now, i am waiting for a pullback of the pair to the trendline before entering into the trade. This is an attractive trade because of the high risk-reward ratio we can enjoy.
I have identified a potential short opportunity for this pair. After yesterday's momentary bullish breakout, it has confirmed that on the daily timeframe, the pair is trading within a large 500pips range. Thus, as it has clearly rejected the resistance at the top, we will look for potential short opportunity for this trade, with targets at the next clear support...
I previously posted an idea of a potential short opportunity for the pair since it was en route to meet daily resistance zone at around 0.6152. Prices have proven reluctant to break past that zone. Therefore, an update of the idea seeing as we have formed a possible head and shoulders pattern for the pair. Thus, i will find a short opportunity at the break of the...
The price recently broke out of a rising wedge. Currently, it has completed its pullback. Therefore, i look to open a short position with my SL slightly higher than the previous swing high. This trade has a good risk to reward return.
The pair has reached an identified resistance zone currently. It seems reluctant to continue on its recent bullish push to the upside. Therefore, i will wait for a breakout of the zone to the downside before shorting the pair on the pullback
The pair has seen a rising bullish momentum recently. However, i believe the pair will start reversing and continue its long-term downward trend after meeting the strong resistance zone (as identified by the rectangle). This is a key area and the reaction of the pair at this zone will show us its future direction. My trading plan will be as such: 1) Wait for the...
There is a formation of the M structure (double top). Furthermore, prices have tested and got rejected from the current identified trendline. With these factors in place, i believe we have a short term scalping opportunity for this pair. I will add more position after it breaks through my identified support zone also.
I see a short opportunity for the pair. There is a formation of a descending triangle and prices seems more than willing to breakout of the support zone. In the event of a breakout, i will open a short position on the pullback
The pair seems to be building a strong bullish momentum. However, i have identified a possible short term opportunity to short the pair (risky due to the face that we are trading against the trend). I will wait for the break of the current trendline before opening a short position to my identified support area as my TP. The price can go up to the identified...
We see a potential opportunity to short the pair. There is a formation of a double top for the pair while it seems that the pair has a slight bearish momentum currently. I will wait for the break out of the support zone i identified before opening a short position on pullback
We see the formation of the head and shoulders pattern with the USDCAD. Furthermore, the price have currently broken the neckline for the pair. Safer traders can open a short position on pullback. For the aggressive traders, you can open half your position first while the other half on pullback. SL can be set at above the right shoulder.
The pair is currently at consolidation. I have identified a short term scalping trade for this pair. The criteria for this trade will be for price to break below the identified support zone. Thereafter, we can open a short position at the pullback. It has a nice risk-reward ratio and i believe there is a high probability of the trade succeeding
I have identified a potential short opportunity for this pair. With the recent strength gaining from CAD and from the possible formation of a head and shoulders pattern at the 4H time frame, i think that if we can break through the identified support zone/neckline, we can open a short position at pullback.
There is a potential formation of the head and shoulders pattern for GBPUSD. I am waiting for the complete formation and then breakout of the neckline to enter the short position on a pullback. If the setup does play out, we can see a huge profit potential.
i have opened a short position on the pair based on the breakout from the current support zone. I have opened half my lot size while the other half will be opened if it pulls back
I have entered into a short-term scalping trade with GBPJPY. MY reason for the trade is that it is currently resting at a resistance area formed by a falling trendline and the 200 EMA. My bigger play for the pair is waiting for the breakout at its currently ranging area as demarcated by the arrows
This pair has a strong bearish momentum recently. Therefore, i will like to see a break of the trendline and identified horizontal support. In the case both conditions are satisfied, i will look for a short opportunity on the pull back of this pair. I particularly like this trade because we will be trading with the trend and have a good risk-reward ratio.