Swing trade entered on USDCAD with a small position size , who else agrees ???
GBPJPY is holding support at the 150.50 level. Price is making higher highs and higher lows on the daily time frame confirming ascending channel, we would have liked to get an entry a lot closer to support channel line but we were given a price action signal that we cannot ignore. Trade Entry-145.82 Stop Loss-145.38 TP1-147.00 TP2-148.00 TP3-149.00 TP4-150.00...
EURJPY is currently completing its 4th wave correction pattern on the daily time frame. We know that in order for a 5th wave completion that wave 4 cannot break the highs of wave 1. The 0.382 Fibonacci retracement level is now in confluence with the highs of wave 1 at the 130.00 level. Will we see price hold this level before completing Elliot Wave 5 or will we...
EURAUD making a lower low and a lower high. Is this a change of direction ??? 0.618 Fibonacci Retracement level in confluence with new descending channel line!! Bias is to the short side, trade entries giving great risk to reward ratios.