It's hard time for me in GU pair, didn't expect for 4 back to back loses :)).
I will skip this pair for few weeks.
UCad still my favorite pair, UJ is shining with 4 wins in 2 weeks (not a single lose, R:R~3 to 4)
I have modified a bit limit order, it's in pullback phase, hopefully the order will active. Still keep the long run and find good entry for short run (R:R~1:5)
Dxy continues to show its uptrend. We still can find opportunity to long Usd/X pair.
This is another setup to long Ucad. Set a long limit order at key level of H1. R:R~1:3
I love this pair so much, have some wins with supper high R:R.
This is another setup with high TP. I had made the order last week, Still can find a good entry for R:R 1:6-1:8.
As previous prediction, Dxy down to 91.92 zone and bouncing. if it crosses 92.5 and successfully retest at this key level, it will continue its uptrend and reach the previous top at 93.5.
The pullback trend hit Fibo 0.5 and false to break through. It now creates a downtrend in M15 follow the main trend in large timeframe.
Can set a limit order to maximize the trade.
Gold creates double tops, uptrend is getting weak. It may pullback to zone 1790 before continue uptrend.
This is an idea for a long limit order or we can wait it pullback, retest to make market order.
Second potential entry on GU pair this week.
We can either chose first setup-High R:R (short SL-> easy to stop out) or second setup-Low R:R (long SL->more secure)
DXY on the pullback phase created double tops. My prediction it will down to 92.5 zone before continuing its uptrend. But first let's see whether it can break 92.75, this will strengthen the prediction.
WE DON'T TRADE DXY, but by looking at it, we can see a bit picture of USD pairs.
