AUDCAD reversal off strong multi year liquidity zone
I am looking at taking a short on the AUDCAD from the strong daily liquidity zone (grey rectangle at top of screen). This level has been in play for several years and has often resulted in a price reversal. Once price enters the zone I will look for appropriate bearish price action on the 1 hour chart. This will either be a bearish pinbar, engulfing candle or tweezer top. Then enter on the break below the bearish candle down to the 3 take profit targets. Therefore the trade entry level may not be exact as it depends on H1 price action to determine the exact entry level. This is a daily chart ad so may offer the opportunity to scale in over the next few weeks.
NAS100 on M15 is Bullish
The NAS100 on M15 is looking Bullish. Currently at circa 13902 and heading towards 14000 for a quick return of 2.5:1
EURAUD uptrend
Hello, this trade is similar to the one I posted a few hours ago, but I'm trying it out on a lower time frame. Moving averages confirmed an uptrend on the EUR/AUD on the 30m time frame, so did the currency strength meter. so I placed the Fibonacci retracement as you can see in the photo, the 50% retracement matches the 2*ATR of 14 pips. So I placed my TP at the 161.8% level, and my SL a little lower than the previous resistance level. Please let me know if anything was done wrong, happy trading 😁
EURUSD potential buy opportunity.
Hello, this is my first ever trade, so please let me know if you see any mistakes or things I didn't think through. So I checked the currency meter for strong currencies and the EURUSD looked pretty strong, the moving averages gave me confirmation that the market is in an uptrend, and using the Fibonacci retracement tool, I waited for a 50% pullback, and when that was fulfilled, I entered the trade and had my SL at the previous level of support, and TP at 161.8%. Please feel free to let me know of any mistakes or room for improvement, thanks 😊
AUDCAD reversal off strong multi year liquidity zone
NAS100 on M15 is Bullish
EURAUD uptrend
EURUSD potential buy opportunity.
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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