There is a lot of internal liquidity to take and also there is a huge gap that should be filled, so I set the first target on the beginning of the GAP an the second Target on the beginning of the order block, or what I consider order block. I think that could start a short because the price is arrived in a upper order block, and also for my past analysis I think...
I am long on this pair, but I think that now is the time to enter long for Target 1 and then for Target 2. The rose box are the order block that for my opinion are important to consider as target. There is also a red pin bar, usually the price retrace over these candles, for that reason I set the Target 1. Going long then there is a quite good carry trading.
Gap filled originated by the news in the morning about GBP and now I entered long with the target as in the picture.
As I said yesterday there was a gap to fill on this pair and today it was filled.
short term trade to conclude a GAP. I will enter long on the rose box below
I am strongly long on this pair for the massive carry trading on it, I think that GBP could be arrive 1.15 against CHF on the long term. If BOE will not cut interest rate in the next months I think that the target 1.15 should be reasonable.
I have no position yet on EUR/NZD because it is too early to enter on short. The long term pattern seems bullish for the break of the local high, but in my opinion should be a rentracement as in the picture. Be cautious because the long term is bullish but for the moment the Euro seems quite weak, let's see if BCE will cut again the interest rate, that should be a...
I reentered short at the top of the pin candle. If the candle will remain a pin candle that should be an inversion pattern. I think that know will start a downtrend until the target because the structure is a short structure. This is only my opinion and I am short with a microdot. Usually I open position with 5 microlots but not on Cad pairs.
I am waiting the price to go to the gap to enter short. The idea is a my personal point of view based on the fill of the gaps that there is in the graph.
Idea based only on chart analysis, break of structure with rentracement on the upper order block and now it is time to go down until the the rose box in the picture, where there is a consistent order block. This is my personal idea and I just entered short with a microlot.