A zigzag correction of ABC is completing for Subminuette Wave 2 and price is currently retesting the 61.8% Fibonacci Level. There is also divergence on MACD indicating the bulls losing its buying power hinting a potential reversal. SCENARIO Recommendation: Sell Wait for price to break the trendline downwards and Sell. Our first target is the channel...
Monthly Confluence is telling me are indeed in a Bullish Market. We have a Bullish Pennant located right at the 61.8% Retracement which institutions do on purpose right at market closure so participants can pretty much gamble their money with either going long or short. For me to enter Long i'd like to price to show me an indefinite buyer market breaking above...
ENTRY: 1.70600+- TP1: 1.70300 TP2: 1.70000 SL: 1.70870 Chart time frame - 4h Time for reaching TP - 1-3D Follow, Like, Share or Comment Thanks on supporting! All best!
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
Brexit chaos, bad UK data, stable CAD. Trade the weak against the strong. Speculation should be over!
The pair is trading on a strong 1D Channel Up (RSI = 63.637, MACD = 0.011, Highs/Lows = 0.0038, ADX = 20.356) since the August bottom and even held last week the 1D MA200 (orange line) as a Support. If it continues on this trend then the bullish Golden Cross will be formed. Based on the 1D RSI, a similar sequence took place from September to December 2017. Then,...
Welcome to our weekly trade setup ( GBPCAD )! - 1 HOUR Bearish pressure and short term price action. 4 HOUR Sideways moving market structure with several pullbacks. DAILY Overall bullish market conditions, filling long positions with good risk reward! - FOREX SETUP BUY GBPCAD 1ST ENTRY @ 1.68600 2ND ENTRY @ 1.68010 (wait for trigger) SL @ 1.66960 TP @...
ENTRY: 1.69200+- TP1: 1.69500 TP2: 1.69700 SL: 1.68700 Chart time frame: 1D Time for reaching TP: 1-2D Follow, Like, Share or Comment Thanks on supporting! All best!
so like you know guys I keep it simple just wait for a simple pattern formation as you can see we were denied twice in the demand zone so we need to recharge Have a nice Sunday
answering questions about GBPCAD I currently don't have any active positions on this pair, however, I am very bearish on GBPCAD at the moment. first of all, the pair has recently formed a beautiful double top with rsi divergence. In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with a resistance line of the...
answering questions about GBPCAD I currently don't have any active positions on this pair, however, I am very bearish on GBPCAD at the moment. first of all, the pair has recently formed a beautiful double top with rsi divergence. In addition to that, the pair is trading on a strong level of horizontal resistance in conjunction with a resistance line of the...
ENTRY: 1.69500+- TP1: 1.69800 TP2: 1.70000 SL: 1.69100 Chart time frame - 4h Time for reaching TP - 3 - 48h Follow, Like, Share or Comment Thanks on supporting! All best!
Price is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR. 2 Potential entries. If the PB is triggered first, then the BO entry is cancelled. It is not an add on position. PB Entry = 1.6957 Stop =1.6977 Risk = 20 pips Profit target = 1.6856 ( the projected daily low ) Reward = 101 Pips RRR = 5-1 BO Entry =...
ENTRY: 1.69900+- TP1: 1.69600 TP2: 1.69300 TP3: 1.69000 SL: 1.70800 Chart time frame - 4h Time for reaching TP - 3 - 48h Follow, Like, Share or Comment Thanks on supporting! All best!
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.