A perfect entry for GBPCAD New entry setup. Trade with caution
Please See chart. This is a nice short trade with almost 3:1 Risk Reward Ratio on TP 1. Once you get to TP 1, change your other 2 entries to entry point. Trade with caution
The price has broke the resistance. A good buy trade Trade with caution
To trade this, please see 1H chart to retest first to enter. As usual, trade with caution. Stop the overtrading madness
As you can see, USDCHF broke the resistance line and has since then come back to retest it. Possible long term setup. Trade with caution.
The following is a setup for the EURGBP. Ichimoku shows still a strong upward trend. Caught this too late 1 week but still a close call. 3.5 risk reward ratio. Trade at your own risk
Possible Entry on the GBPCAD Note: Only Enter if Chikou Span is above price line (See Ichimoku) Ichimoku is not shown to simplify viewing Price closes above the blue box. Trade with caution.
Fibo Strategy Based on Trend. Will expect price to complete the ABCD pattern and bounce up. Only enter once price action shows rejection/exhaustion near the confluence level. Trade with caution.
Here is a short term trade for USDJPY It is located at a daily major resistance level. Although certain confirmations need to happen. Confirm with price actions for sell setup. Trade with care Thank you for your support.
Hi Guys, Looking at the price action, we can see that the EURUSD shows signs of exhaustion candles especially in higher timeframes. It hit the monthly support at 1.086 and shows rejection. 1 or 2 more bars of rejection would confirm its reversal to the minor daily resistance at 1.0992. Thank you for your support. Trade with caution.
Hi Guys, this looks like a nice short if it breakout USDJPY looks like its going down after breaking its minor support. Trade with care Thank you for your support.
Hi Guys, this looks like a nice buy/sell if it breakout NZDCAD has 2 scenarios depends on the which direction of breakout. Trade with care Thank you for your support.
Hi Guys, this looks like a nice buy in breakout GBPUSD Trade with care Thank you for your support.
Tomorrow the RBA will release it's latest cash rate: The pair AUDUSD looks quite dovish to me. We can see that there are indications of prices going up near the support level. We may see a long setup, but looking at what seems to be happening is that the RBA wants to increase the AUD in the long run! For the last 2 years the Aussie has weakened more than 18%,...
Today the BoC (Bank of Canada) will determine its overnight rate. Expecting no change to the rate, hence we should expect a rising CAD against the USD We may see a long setup by the USDCAD . Note that it is important to look at the lower time frame and wait for consolidation. For now this is the lower risk trade compared to the short trade. In case that USDCAD ...
Today is the ECB Press Conference. We will be expecting major volatility during this event. Determination to lift inflation with Draghi also likely to a promise a policy re-evaluation in the fourth quarter. Quite possibly that TP 1 and 2 will be hit by today. In case that EURUSD breaks downward we will see a short setup. If that happens, then the resistance...
So the RBA has indeed manage to keep their interest rates low at 1.5%. We will expect the Aussie to go down in the future. Given the fact that the Aussie versus US Dollar has hit the resistance line and seem to be going on its consolidation point. Whereas for the Canadian dollar, we are expecting huge increase in the dollar due to the deals between Russia...
The pair USDJPY looks quite down to me. If the pair break the resistance line then we may see a long setup, but looking at what seems to be happening is that the BoJ wants to increase the yen so badly! In case if it breaks above then long setup will be validated and we may look again for further trades. But for now, we will go for a short trade. Trade according...