Hello traders After CADCHF reached resistance zone, it looks like it has started reversing as it broke the 20 sma that was holding for a while and it broke a short term support zone. We are looking to enter on the 4H fair value gap. My entry is as marked on the chart.
Hello traders AUDCAD has been forming a flag setup on the 4h. Now it has broke the flag and it is time to go long. My entry with sl and tp are as on the chart.
After forming a double top followed by a break in the resistance zone on the daily timeframe; EURAUD is now looking bearish. We are looking to enter on a retracement to the 1H fvg. Please note this is a riskier trade so reduce risk percentage.
Hello traders It appears that AUDUSD is turning bullish. We are looking to enter on the retracement to the support zone. When price comes back to it, wait for a bullish green candle on the 4H and then you can enter on the close of the candle.
USDCAD has broken the consolidation at the resistance zone which was accompanied by an rsi divergence. Now we are looking to short it on the daily fair value gap.
Hello traders It looks like CADJPY has started a bullish setup and now we are looking to enter on the 0.618 fib retracement.
Hello traders, On the daily timeframe GBPCHF has been consolidating in a range. Now it is at the resistance level of the range and so we should be looking for shorting opportunities. On the lower timeframes, the 4H and 2H, it has formed a head and shoulders pattern which is a great reversal pattern. Add to this the RSI divergence which in many occasions...
Hello traders Market conditions haven't been that good this week, so we haven't had any setups yet. After GBPCAD broke the trendline with a large bearish candle, it is showing a change in trend. So now we are looking to short it at the golden zone of 0.618.
Hello traders, GBPAUD has been in an uptrend since last week. But now it is showing bearishness with the break of the demand zone. Add to this the RSI divergence which makes this trade a higher probability setup. My entry, sl and tp are as marked on the chart.
Hello traders EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down. Furthermore, the rsi has been making lower lows while price was making...
Hello traders GBPNZD has been forming a triangle pattern since 13 January and has now broke bullishly out of it. While it was a descending triangle, the rsi had been forming a bullish divergence showing a sign of strength. Add to this the fact that this setup is forming on a daily trendline making this a high probability setup to me. This is the link to the daily...
This is a very similar trade to the GBPNZD trade that I posted due to correlation between the pairs, so if you haven't please check my GBPNZD trade idea for more information. Here I am looking to enter in the fib golden zone.
Gold nearly reached the all time highs a few days ago which is a critical level to be looking at. It then had a major reaction down and now it is showing signs of a change in trend. I believe we could see the trend reversing to the downside here. It is showing reaction off the golden fib zone. The trend could also just continue going up from here but I believe...
Following on from the last idea I published, it looks GU is bullish and breaking the trendline. Here you would have to wait for a close above the trendline before entering. If it doesn't close above the trendline, it's not a valid entry. However, this is a slightly riskier trade so keep that in mind.
Hello traders, After we had our trade close in breakeven, it now appears that GU is rounding off and might be forming a cup and handle formation as you can see on the chart. However more confirmation would be better so it would be better to wait for some confirmation and this is a more riskier trade. I have not posted a trade setup with tp and sl because I believe...
Hello traders GBPUSD broke the daily trendline that was holding it in a downtrend. After this break, GU is looking bullish. But please note that this could be a fakeout. After this break, price left an fvg on the daily timeframe and a demand zone on the 4H. This is the daily chart with the breakout I am looking to take a trade on the demand zone expecting price...