Since XAUUSD is a strong uptrend, we waited for a small correction and now we looking for a upside move with a very very small risk.
Audjpy just broke the upside and gaining momentum which might get stronger .Structure is upside and so is the trend so everything is pointing upside. Before trading confirm with your own analysis.
wait for the proper price action to form and only enter once your trading rules are met.
We are expecting a bullish move from the marked support zone. If and only if the support level hold then we will consider the trade.
Finally chfjpy is on the move. It hit the marked resistance zone and now on its way down.
Gbpchf is expected to move to the downside from the marked resistance area. It also completed Head and Shoulders pattern which is another confirmation.
Well we made a loss on this pair, it hit out stop loss then it went and hit our take profit level. This is nuts .
We gained 89 pips on this pair with a 1:2 risk to reward ratio.
few more trades hit tp level and usdcad is on its way to hit tp.
Here are the updates of some of the trades we took, last week
Check our previous analysis on our channel from where we said we expected to see the market create a bearish move. After monitoring the price action of EURGBP we decide to enter our forex trade for shorts. As analyzed EURGBP continued its bearish structure and missed our tp by just 3 pips.