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GBPUSD SHORT TRADE IDEAHELLO EVERYONE,
Coming to Analysis of GBPUSD , here are a few points to be considered :
--Price Has broken out of the channel and we have a clear "break and retest" .
--Price has broken a 4Hr structure and retested the low .
--Currently I am looking for a nice move to the downside .
--The Targets have been defined over Critical Demand/ Supply zone to ensure accuracy over the targets
USDCHFI understand this trade is likely to be a loss.
Its against the trend and ideally our entry should be at the Orange zone.
However, I've noticed that sometimes potential trades that seem bad can have good outcomes. Although this trade has much less confluences it at least has one which is that it is at a major zone where price has reacted many times before.
GBPAUD - LongHolding shorts as a hedge to look to take longs soon with zero risks.
Lining up that fibonacci with the trendline, maybe we could see some sort of manipulation below the trendline, before looking to have a push to the upside! Holding my shorts allow me to now take longs with ZERO risks!
GOLD SHORT TERM TRADE IDEAHELLO EVERYONE,
Coming to Analysis of GOLD , here are a few points to be considered :
--Price Has broken out of the accumulation zone .
--Price has rejected the zone formed at 62% fib .
--Currently I am looking for a nice move to the upside .
--The Targets have been defined over Critical Demand/ Supply zone to ensure accuracy over the targets.
COMMENTS ARE WELCOME >.
GBPUSD scalp short LND 16th OCT 2020 50 pipsGood morning everyone! Hope you've had a great week trading. We have seen the price come up and touch the round number level of 1.29500. From here we could short back down to 1.9200 giving us a 50 pip return. Buyers and sellers are neck and neck, these types of trade should hit the targets within 1-2 hours. If we still have a position open after this, we should either move the stop-loss to entry or close the trade in it's the current state.
Best of luck
EURCAD - LongSo after seeing this trendline being respected, I am now looking to take longs on Monday as my risk trade.
Looking to play this to the upside, before the overall push back down the downside, but I think this hedge long will be really nice. Even waiting for a counter trendline breakout could be worth staying patient on.