I’m holding from the bottom but I’m looking for entries after a retrace for the long ride up to 1.22. BXY recovery only seems to increase the likelihood of this playing out. Good luck in your trading!
Bullish divergence on h. Shops reopening last week in the UK, UKX also suggests a reversal. Please do your own TA my last trades went to shite on here before but I’m improving my analysis.
I was stopped out of this previous trade however I saw an opportunity for a re entry. I haven’t had the best of luck recently as a new trader I’m working on my craft. I see a good sell opportunity on AUDCHF and is demonstrated on daily level too. It’s got a lot of room to go down and despite a jump out of the channel it is still in continuation of its downtrend....
I have entered this trade with Entry and SL given on chart. I'm expecting this trade to play out throughout the course of the week and expecting some good pips.
No indicators used here just a simple analysis. Lets see how this one plays out. My entry: 1.63477 My SL: 1.6738 TP1: 162003 TP2: 160947
This is the start of my fourth week trading so I'm open to hearing any other ideas and tips for a better analysis. Upon analysis I can see that the downward trend is quite strong. AXY has the potential to reach 70 this week and seems to be quite a strong pair at the moment and this pair has already given me decent pips last week. There has been a lot of Volatility...
Just a chart I've made on my ideas for CADJPY. I'm a new trader so any thoughts would be appreciated! (I know I missed the best entry). Simple analysis on chart pattern.