Here is a controversial trade on EUR/USD this last wave down has been exhausted reaching weekly support level. Inverse head and shoulders pattern shows the left shoulder was never violated. New trend channel in the upward direction, SL at the bottom range of the trend channel. Enjoy and good luck
A bearish pattern has formed on AUD/JPY on the monthly. Entry stops and targets in chart with best possible r/r ratio. Stay tuned and good luck.
Instead of shorting I would wait and buy the pullback, support and double bottom at this level indicates longer term upside and given the interest rate correction recently we are due for a retracement or trend continuation to the upside. Good luck.
Structure and resistance has shown in the past on AUDJPY that this is a highly influential level so I expect a little more upside and then a down trend or major pullback providing an opportunity to short at this level
Trend trading strategy for high probability scalping based on daily tf analysis
Gbpcad appears to have a monthly trendline and declining on the daily chart. Targets and stops are displayed in chart.
Based on overall down trend on the 4 hour timeframe. Looking more closely at the 1 hour timeframe for support and resistance levels. The structure low seems to be violated along with a double top which should give a high probability trade with at least 1:1 risk reward ratio.