Insight into a trade idea i have on GBPUSD
In the video I explain what I see in EURUSD and where price could go to after confirmations of certain levels. I also made a slip up saying euro almost tested the 61.8% but it was indeed the 78.6% just bear with me and enjoy
Gbpcad is still bullish in my opinion, Looking to capitalize on this one hope you all enjoy
Seeing some great long term opportunities on the pound dollar, take a look lets see
Long opportunity on GBPCAD, decent risk to reward ratio. price is in uptrend and looking at the daily close i am confident that we will see price rise, We also have a break and retest of smaller structure on the lower timeframe. everything aligning perfectly for this Buy.
A few weeks back I've seen many traders Calling long on bitcoin, However I've remained short and boy was the move rewarding!!! Now I see 3 simple things which makes me believe that we are ready to Pop on BTCUSD. 1st on the weekly price has stalled at the 61.8% Fib retracement. Knowing This we can go down to the daily chart where I find it very interesting that...
Looking as structure we have the very basics of HIGHER HIGHS and HIGHER LOWS, a nice stop for 20 pips and a 35pip target on this one is not bad at all. we also have a break of the Descending trendline as well as a clear structure break and retest at 0.7510 Lets see how it plays out
Looking at GJ, looks like we are finally ready to break out of the wedge, we have a breach of near term support at 139.65, With multiple rejections in the last 12 hours. I do believe price will fall, I am aiming for price to fall back to 136.088
GBPJPY IS STILL IN very strong down trend, the interest rate has not change and technically we are not trading below a minor zone on the h4, looking to grab just over 200 pips