EURGBP It will go back to the resistance +130 PipsWelcome Back.
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In the event that the support of the retest of the triangle is not broken, of course it will head towards the rise to the aforementioned resistance, which is an important area for a very strong Fibonacci.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
Forex-usdcad
USDCHF Will rise to resistance after the test +80 PipsWelcome Back.
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***
After he broke the descending channel and changed the direction, it now reaches the support, after retesting the support, it will rise again.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.
USDCAD near strong support line The target of the previous forecast has been achieved.
USDCAD reached two resistance lines and continued to fall.
After that, the price reached the support line and started to grow.
Perhaps there will be a second return to the support line, and in this case I recommend buying USDCAD.
The target is resistance lines.
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Check today analysis below⠀
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USD/CAD Flag Trap For Downside Flow Hello Fellow Trader!
4 - hour time frame showing lower lows made on the USD/CAD which possible zone to fill at 1.31140.
Flag pattern possibly trapping long retail plays with high probabilities for downside pressure. Holding below 50 EMA, 200 EMA on both 4 hour and 15 minute time frames.
Key Points:
- Price holding below the 200 EMA
- Price hugging below the 50 EMA
- RSI below 50 Mid-point
- IF: Fails at 1.31820. Provides a second opportunity to short. Wait for rejection candle.
Key Levels:
Support – 1.31370, 1.31140
Resistance – 1.31820, 50 EMA, 200 EMA
Entry Zone:
Optimal entry provides the greatest reward to risk ratio while supporting entry is a zone for reversal signals.
Optimal Entry – 1.31650
Supporting Entry – 1.31570
Candle Reversals for entry
- Bearish Shooting Star
- Bearish Engulfing
- Bearish Dark Cloud Cover
The Risk:
As traders, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with defined exit levels, experiment with Moving Averages to help set solid exit rules to protect your capital.
IF: Price breaks above 1.31751 level and violates 50 EMA– this would suggest the structure is not in our favour and would be wise to reduce exposure or close the trade until a solid signal gives us reasons to re-enter.
Reward / Reward Targets:
Optimal Entry 1.31650– Target 1 1.31370 = 2.7x Reward to Risk
Optimal Entry 1.31650 – Target 2 1.31140 = 5x Reward to Risk
Supporting Entry 1.31570 – Target 1 1.31370= 1.2x Reward to Risk
Supporting Entry 1.31570 – Target 2 1.31140= 2.3x Reward to Risk
USDCAD Upside Breakout Confirmed - Buy SignalSee past USDCAD Idea. Expected a breakout and we now have it confirmed to the upside.
Look to enter at buy zone and target 1.3330 area.
Trading may seem complex but it's fairly simple when you look at the basics.
Good luck!
Charles V
www.cvfxmanagement.com
Trading made Simple