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EUR/GBP BUY OPPORTUNITY 📈Please hit the "LIKE" button if you find this post useful. Also, don't forget to subscribe to get more trade ideas like this. Thanks!
TECHNICALS: Hi traders, here we have a possible buy opportunity in the EUR/GBP pair. The daily chart formed a bullish reversal pattern right at the 78.6% Fib level and returned inside the structural framework, signaling a fake breakout. The 1-hour chart shows a fresh higher high forming after a consolidation breakout. The pullback that is currently developing could provide a buying opportunity in the pair.
POSITIONING: Note that bullish positioning in the EUR is still very strong compared to GBP according to the latest CoT report. Bearish flows in the pound have been increasing overall.
INTEREST RATES: Yield differentials look neutral at the moment.
UPCOMING ECONOMIC REPORTS: BoE Monetary Policy Meeting on Thursday.
== SUMMARY ==
We remain bullish on EUR/GBP with a target around the lower 0.91 levels. Note that we only take a trade after all rules have been met.
USDCAD Sell Setup By Wave Analysis DoctorOfMarketsHi Guys as you all know today is NFP on NFP I'm expacting USD would be strong but i'm looking for sell on usdcad cause cad has some high impact news's today i trade structure not news as for i'm looking for Sell on usdcad and for me buy would be above the top
USD/CAD | 06 August 2016 | Introduction |Nice and simple first trade setup that i'll be posting on tradingview hope to continue and grow a healthy following, for each chart i'll be breaking down the steps and processes in which i took to conclude which ever idea i'm showing in bullet points allows the reader to understand it alot easier - Simple strategy breakdown and history i'm a Price Action Trader meaning i depend alot of candlestick formation to formulate a understanding on what price is about to do next while trading Support and resistance zones main trade signals are what the community like to call it is doji's or indecision forming on a area of Support or Resistance when these requirements are met i'll be taking the trade
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