TRADE OF THE DAY PAIR: EURCAD TYPE: SELL ENTER: 1.4877 STOP: 78 PIPS TARGET: 78 PIPS RISK/REWARD RATIO:1 GOOD LUCK
TRADE OF THE DAY PAIR: CADJPY TYPE: SELL ENTER: 85.10 STOP: 36 PIPS TARGET: 36 PIPS RISK/REWARD RATIO:1 GOOD LUCK
TRADE OF THE DAY PAIR: EURJPY TYPE: SELL ENTER: 126.08 STOP: 95 PIPS TARGET: 95 PIPS RISK/REWARD RATIO:1 GOOD LUCK
LONG USDJPY INVERSE HEAD AND SHOULDERS FORMATION HOURLY BUY 100.30 TARGET 100.65 SL 98.90
The AUDUSD is trading sideways in an upward sloping channel (5 min) After a false breakout higher it is now on the verge of breaking the channel downwards, I am liking a sell trade on the break with take profit next hourly support @ 0.7750 (roughly 50 pips) Happy Trading!
I wish you all a happy new month and good luck trading! The EURAUD is in a downtrend (60min chart) and is currently under a retracement. The retracement was expected since last week we observed positive/ bullish divergence between price and RSI indicator. This can mean two things; A. There will be a change of trend. B. There is a pause/ recovery before...
Reasons to be long the AUDNZD 1. Bullish Divergence between Price and RSI 2. Down Trend line break upwards. 3. Bullish TK Cross 4. Price trading above the cloud 5. RSI above 50 Targeting weekly pivot 1.04500
I believe we will see a correction lower before any upside continuation today
Waiting for support breakout to enter short with Target 1.9600
GBPUSD has formed a daily head ans shoulders formation and is heading towards Target 1 at 1.5480
Double Top is observed around the 1.5350 level (Bearish Divergence with RSI). Price tested Top Bollinger Band and Trendline resistance.
Daily Trend: Bearish Trade type: Counter Trend Trade. Day Trade Setup; Long on bullish divergence approaching daily S2 with targets Daily pivot and R1
Daily Trend: Bearish Bearish divergence indicating weakness in uptrend Trade Setup: Short @1.1370 Stop Loss @ 1.14240 Take Profit @1.11
15min Possible inverse Head & Shoulders pattern/ downtrendline break upwards
USOIL has been in a downtrend and after a pullback to $51 it is attempting to break the uptrendline shown in the chart. Target is previous low and support at 44.20
High Probability Trade of the Day! Trade with the trend High Risk to Reward