First on the list is GBPCAD . We are SHORT bias on this Forex pair.As you can see on the first image below,Weekly price action has tested the 200ema with high test (Inverse Hammer) candle.
Friday daily closed was a high test which further supports our BEARISH Bias
Following the break of 1.76
Following a free fall to the downside the pair CADCHF has been slowly retracing back up to the 0.75500 zone. This area has played a key role in the recent past for this Forex pair. If you look to the left you will see that this zone has acted as both Support and Resistance over
Following a Bearish move, price has been retracing upwards. On the 30th of Nov price was able to break and close below the retracement zone, but soon after price began to move upward. Price currently is sitting at a key level since it has retouched the lower trend line of the channel. I’m waiting for
CADCHFAs you can see price has been moving in a down trending channel.
A break of such channel should have strength as traders have been waiting for a some time for this break to happen.
However a day after the break we get a reversal candlestick pattern to the down side. Which shows that the break
In this video I go over some of my trade setup and how i selected these trades using Fibonacci Retracements.In this video I go over my trade recaps. I show how i used trend line to select my
Trade alerts for Friday Aug 12 are as follows . Two pairs in my radar :AUDCAD SHORTPrice is has been printing candles with long upper shadows signifying a weakness in the Bullish strength.
Todays candle (Aug 11th) shows strong Bearish strength.
I'm short on a break below today's candle .Entry : 0.99758Stop: 1.01320 USDJPY LONGPrice has retraced
AUDCHFTwo BEARISH Dojis around key Resistance zone.Entry: 0.75001
NZDCAD :Even though price did not reach all the way up to previous resistance , after Wednesday's price action you are safe to consider this as a Double Top reversal pattern.I have entered a Sell Limit order below to be triggered if price breaks Thursdays low with a stop above Wednesday's high.Entry : 0.93266Stop
EURGBP Short .Price has printed a BEARISH engulfing candle at a very key level. As you can see the market has printed a uptrend line over the last 8 - 10 days. However the lack of large solid BULLISH candles shows weakering BULLISH power.Following the minor Green bars over the last 8 - 10
Price has retraced following a parabolic downtrend. The retracement was capped by the BEARs rite at .38 Fib level which shows that the BEARISH pressure is still on.Enter SHORT - 1.82766Stop Loss above Aug 1st candle = -157 pips1st Target -