Hey Traders,
I was doing my setups for this coming week, and I figured I would share this with you all.
I will be placing a buy limit when markets open if this still looks positive. This analysis is based on Price Action, TDI indicator, and Volume.
Information:
Order type-Buy Limit
Entry-1.83764
Take Profit-1.99331
Stop Loss-1.82729
R/R-1:15
On the 4h chart,...
Hey Traders,
Today we look at at the Pound next to the Yen. Numerous of my signals indicated a sell coming along with some use of price action. For this article though we will focus just on the indicators I used and why. So to begin. What signaled my entry besides it reaching a place of resistance was my Aroon Indicator.
Aroon Indicator: When the red line crossed...
Hi traders,
First off this is based off technicals only.
This is a buy opportunity I see forming based on multiple things, although I am still awaiting final confirmations.
First off based on the key support level oil has a pattern of bouncing back up. This caused initial interest and after the coral trend indicator on the 4 hour chart switched to a buy signal...
Hello Traders!
Today we look at GBP/CAD. This is a pair I have been following for a while waiting for the opportune moment to enter into a long position. I noticed a few weeks ago a strong Bullish Pennant was forming and we have finally reached the point of convergence. That combined with Mcginley Dynamic (Best Moving average by far if you ask me) and my trend...
Hi Traders,
This is my first post so bear with me :)! In this pair on the daily chart I noticed a descending channel and using a pitchfork I found the ideal entry point for a short to gain significant pips.
This trade also maximizes your risk/reward potential with 1:3.63 ratio. If market opens and hits the entry point I will be taking a sell with other...
