CADCHF Long
CADCHF has been ranging within a wedge since March and has reached the ascending level for the 4th time. This is a point of decision. Should this level be rejected and a break and close of the 4hr 8ema be achieved (BCR of the 1hr 50 ema), I expect price to continue to the daily 200 ema, which is also an area of demand. Trade idea number 2 will be the same entry criteria, however, should there be a BCR of the daily 200 EMA / s and d area, I will remain in the trade to the previous high around 0.71700. This is optimistic and requires a stronger CAD for the entry criteria to complete. Alternatively, price will break the ascending level which is another trade idea all together, therefore it's important to wait for entry criteria to come onside. Don't follow blindly
Nice H4 8 EMA Gap on EURCAD
Hi guys, I entered a sell trade on EURCAD because I liked the H4 gap of the 8 EMA. I didn't have the time to post it along the other trade ideas this morning. https://gyazo.com/d2af0bc6294db803f4316016b5763d0e I entered after the BC of the 15 TF 50 EMA. My SL is above the 15 TF 50 EMA and the previous high. I removed my TP because the price continues lower. I will close the trade if I get a BC above the 15 TF 8 EMA. The sniper indicators were on side on 5/15/H1. R:R is 1.04:1. Have a good day!
EG - Short Trade Opportunity
Hi guys, I'm looking for a sell opportunity on EG since yesterday morning. D1 - price is below the 50 EMA. H4 - I'm looking for a BCR of the 200 EMA and/or the S&D zone. H1 - we have a death corss. I will look for H1 C. I will enter on the 3rd C candlestick if it looks good. If not, it will be on the 4th. https://gyazo.com/87ac97f960d55f255d0acc14a956f5f1 The SL is above the EMAs and the S&D zone on H1. The TP is above the next S&D zone on H4 . If price continues lower I will look for the previous low on H4 around 0.84793.-0.00329 R:R is 1.80:1. Trade safe!
GU Daily 8 EMA gap
Hi guys, There is a daily 8 EMA gap on GU. https://gyazo.com/c2404c82096b38398dc220be7de419fd I will look for a 15 TF BCR of the 200 EMA and the S&D zone + C on the 5 TF. The sniper indicators need to be on side on 5/15 TFs at least, preferably H1 as well. https://gyazo.com/7fca3f60d7c04c0dd36001e472e1a3f2 R:R is 1.20:1. Trade safe!
CADCHF Long
Nice H4 8 EMA Gap on EURCAD
EG - Short Trade Opportunity
GU Daily 8 EMA gap
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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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