Tarrierfuture
Bearish movement - CHFJPYIt was noted that CHFJPY could be hunting lower lows. Our current trend is bearish.
H1 is complemented with an extremely strong bearish divergence including an ABC pattern back into an order block.
Furthermore, H1 is complemented with additional trendline resistance increasing the probability of our trade.
R:R > 1:5
Good Luck :-)
USDCAD - Possible LongAs per price-volume analysis, It was noted that USD could be gaining some momentum while CAD might be losing some steam.
The probability of our setup is complemented by some Divergence on the H1 Chart as well as a current double bottom.
Our approach to this trade will be the following:
Possible Gain:
TP1: 140 pips
TP2: 225 pips
Possible Loss: 80 PIPS (x2)
Good luck :-)
GBPUSD - Possible Long FormingIt was noted that GBP could be gaining some short term strength against the USD.
Furthermore, we have Divergence on the short term time frame supporting our trade setup and increasing the probability of success in this analysis.
Entry: 1.3050
SL: 1.3008
TP: 1.3134
RR, 1:1.9
Good Luck :-)