What I see? A nice weekly 2-1-2 Bullish Rev in force and an early entry on daily with a really nice R/R.
What I expect? Tomorrow, The Net Change of Employment and Unemployment Rate will be released by Statistics Canada Both data are expected to be lower/higher than expected in a bearish way.
Furthermore, the Canadian dollar futures seem to be in...
Position: Long
Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365.
Stop-loss: 0.65922
Risk/reward: 1:2.19
Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different.
Pros:
1) The monthly trend is bullish.
2) The weekly timeframe shows a...
Position: Long
Entry date: 05/24/2024 on daily timefrime.
Risk/reward: 1:2.27
Pros:
1) The quarterly trend is bullish.
2) The monthly timeframe shows a 2-2 Bullish Reversal pattern.
3) The daily timeframe shows a potential 2-1-2 Bullish Reversal pattern that goes along with the weekly timeframe continuity(when the new weekly candle opens on Monday).
Cons:
1) In a...
Position: Long
Entry date: 05/25/2024 on daily timefrime.
Risk/reward: 1:2.37
Pros:
1) The quarterly trend is bullish.
2) The monthly timeframe shows a 2-2 Bullish Reversal pattern.
3) The weekly timeframe shows a potential 2-1-2 Bullish Reversal pattern that could trigger an entry on the monthly timeframe.
4) The daily timeframe shows a potential 2-1-2 Bullish...
