Wealthclvb
USDCAD FINAL DESTINATIONNot much to say here!!! check out the linked (related idea) for a full overview of this trade and why its time to buy now. But basically, based on my last analysis for USDCAD the price broke the 1.3150 supply just like I had projected, went all the way up to around 1.3250, 100pips away from our final target, and came backdown to our 1.3150 (now) demand zone to retest, in confluence with a 50.0/61.8 retrace before heading back up to our final destination at 1.3350.
SL @1.3110 (-40pip)
TP @1.3340 (+185pip)
Risk/Reward Ration = 4.64
win almost 5x what you are risking. Great trade setup!
TRADE AT YOUR OWN RISK I AM NOT YOUR FINANCIAL ADVISOR.
USE PROPER RISK MANAGEMENT! GOOD LUCK! ;)
USDJPY Quick FlushCheck out the simple DOUBLE TOP (M) pattern forming on the 4hr chart in confluence with a bigger daily double top (second top) and monthly supply. I'm looking to trade that break and retest of that 4hr M neckline. Check out the linked Trade Idea for a bigger overview of this trade and long term price projection.
USDJPY FREE PIP GIVEAWAY?I see a monthly falling wedge pattern, and a nice single candlestick reversal formation at a key monthly supply zone signaling a possible reversal. Taking out my fibs from low to high I get some confluence at the monthly 110 zone most likely a 61.8 retrace and shoot up giving us about 600-1000 pips.