GBPCAD Is in Bullish in higher time frames. But we are still in the retracement phase.
We have been anticipating this counter trade idea.
-In the monthly (higher timeframes), EURUSD is bullish. -In the weekly timeframe, the was a momentous price reaction at the 1w BoS, making it a very strong area of liquidity and unlikely to be broken further in the short term period but maybe tested. In the the daily and timeframe EU is bearish, but it is just a possible higher timeframe retracement, but still we...
We are bullish in the higher time frames. Prices reacted at the 4hr invalidation confirming our bias. We are waiting for a re entry risking 19 Pips and aiming for a 1:20+ This is not a financial advice, trade with quation.
In the monthly (higher timeframes) we are bullish on GBPCAD, although we have a current break of structure. In the weekly timeframes we are bullish, and reacted after a retracement to a potential psychological level. In the lower time frames prices have been accumulating in the psychological level thus expecting a bullish trend continuation from the area. We...
- In the monthly (higher timeframes), USDCAD is bullish. - In the weekly timeframe, price reaction seems to trace a clear uptrend - In the daily timeframe, it is also in a clear uptrend but at retracement phase due to a hidden 1 day invalidation. - With our current 4hr timeframe we are tracing for low risk (15 Pips) high reward of up to 1:15 on the trade.
We are bullish in the higher time frames. The entry we are taking is a low probability, low risk counter trend. We are risking 14 pips for a potential 1:10+
- In the monthly (higher timeframes), USDJPY is bullish. - In the weekly timeframe, USDDJPY is bullish with a clear BOS and a retest. - In the daily timeframe, it is also in a clear uptrend. - As convincing as it is to keep our focus on the current bullish price reaction, patience tells us otherwise to wait it out lower below the 1d validation and its preceding...
We are bearish in the weekly and daily. Prices have currently tested the 4hr diminution and reacted. We took the trade risking not more than 10 pips aiming for a 1:10 reward.
- In the monthly (higher timeframes), USDCAD is bullish. - In the weekly timeframe, price reaction seems to trace a clear uptrend - In the daily timeframe, it is also in a clear uptrend but at retracement phase due to a hidden 1 day invalidation. - With our current 4hr timeframe forming what looks like an accumulation in an important psychological level we are...
-In the monthly (higher timeframes), GBPUSD is bullish. -In the weekly timeframe, the was a momentous price reaction at the 1w Hidden Invalidation, making it a very strong area of liquidity and unlikely to be broken further in the short term period but maybe tested. In the the daily and timeframe GU is bearish, but it is just a possible higher timeframe...
-In the monthly (higher timeframes), EURUSD is bullish. -In the weekly timeframe, the was a momentous price reaction at the 1w BoS, making it a very strong area of liquidity and unlikely to be broken further in the short term period but maybe tested. In the the daily and timeframe EU is bearish, but it is just a possible higher timeframe retracement, but still we...
We are waiting for that position as it's filled with our High Probability trades.
We are having an intraday bearish phenomenon, that is why we are being a bit conservative concerning our T.P
Despite the initial move being in our entry parameters, we quite missed the opportunity for an entry. We are waiting for another opportunity if provided. We will remain much more reactive than predictive . Regards, RELENTLESS FOREX.
Despite having a bullish perspective, we took the liberty to react on this potential short term opportunity with a reasonable risk. We will remain much more reactive than predictive . Regards, RELENTLESS FOREX.
We are taking this trade against the Wk and D time frame which are both bearish. The intraday time frames signal a bullish phase, which may be a short term counter. We have positioned ourselves at the 1Hr Invalidation level, taking a minimal risk as per our analysis and we think it's worth the risk. Have fun. We will remain much more reactive than predictive ....
Check out our previous analysis on GBPUSD on our profile, and yet we also have a bullish perspective depending on what price level the pair would react