Simple Support & Resistance reversal Short trade setup on GBPUSD
Although CAD has been strong due to recovery in Oil prices, USD is fundamentally more stronger than CAD. USDCAD Long setup on previous resistance level.
EURUSD pair has been stuck in a range bound consolidation since December after FED rise interest rates. Fundamentally this pair is still in bearish mode and we might see potential selling in this coming week. We will watch London Trading session on Monday and if price reaches to our level we will go short.
This trade is purely based on Price Action Rejection Levels.
Price Action suggest GBPJPY will continue bullish trend. I am going long with a decent Risk Reward trades.
Trade Balance report for AUDUSD was higher than expected which leads to a bullish spike on this pair. We have entered a long trade on the basis of simple structure formation.
This trade is purely based on Price Action Rejection Analysis.
This trade is purely based on Price Action Rejection Analysis.
GBPAUD is sitting at a good support level. I believe GBP is going to rally up all the way up in the coming London session.
GBPCAD is sitting around a structure support level, I find there is a long setup with good R/R.
AUDUSD is unable to create new higher highs structure. I believe this is a potential short setup.
GBPUSD broke previous structure yesterday and it the corrective move is perfectly align with previous support level. I believe GBPUSD will take a flight from this level.
AUDUSD is under pressure and the corrective move has already been exaggerated, I believe this pair to test lower lows in coming Asian session.
This trade is based on sentiment of this pair. Price Action suggest a long trade setup here.
EUR is struggling very hard against USD since a few days, Fundamentals are strongly in favor of USD and a weak EUR. At this point we are looking to for short setups.