Price action in m5 // Structure play in h4 // S&D demand in m5 // S&R flip in m5. This up move was predicted, so is the entire move. If it plays as expectation, just rob the bank with help of market ;-) The image to follow.....
CadChf.... some harmonic move here, looks like good fractal point to enter & test those bulls. Looks good as far as the risk is concern. Its worth the test !
With minimum risk this pair seems to earn good yield in coming week. There is Demand LVL with falling TL of h4 which was breached & now testing the same at current LVL. There are few patterns falling at same LVL, seems to be coincidence but adds to the odd. I m following it. Cheers!
Took this & it also confirmed GbpUsd, short, active on both & watching it. Lets see where it goes from here. GbpUsd risk 12 pips & GbpCad has 15 pips risk
GbpUsd has reached some LVL where trying shorts will not be considered crime in my tradeology (aww dont search this word, there is no such word in dictionary LOL) Well lets get serious here, the short risk is 10 pips or lets be generous to market & give it 15 pips max...if it forms "M" formation or any other entry type u know then go ahead & pull the trigger. But...
Pretty simple chart for any kind of explanation.
This pair has performed well recently. AudUsd is at interesting LVL at h1 & m5 timeframe. Its a demand zone & price has bounced quiet well from that demand. It will look like train has already left but, believe me I have seen this setups plenty of time, where they make a small pull-back again to the start point to continue its momentum. Moreover, if it retrace...
GbpAud - Had a plan to getting involved myself with this pair on speculative position, as was forming an idea that it will climb to test the LVL 1.72000, so was planning to speculate @ 1.6900 with 20-30 pips risk, but missed that entry as it happened while I was sleeping. Not really looking to trade it at this LVL though, as I like to risk very minimum but getting...
With Japan grabbing the rights to host 2020 Olympic, there stock exchange is shot up in morning & it showed Yen weakness.... PA favors to intraday long, with fundies too in favor, swing can be much to once happiness. Its early to think about swing, so lets focus on intraday long here first. Scale in & out of this trade wisely. Cheers!
Start it with intraday expectation & if it happens that the momentum develops to the south side, then kick it as low as 0.9040 level.....before looking towards north. Scale in & out through out trade wisely. Trade management is key here. As the initial risk is only 10 pips, its worth to make an attempt. Safe trading for the week! Cheers