My take on trends of some majors & exotics, plus possible trades to take; please join in for other good RR trades you think might develop/developing.
ECN && STP && Scalping && Hedging - Broker Review - Oct 2009 24 replies
EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 14 replies
eur/usd, eur/jpy, usd/jpy average 0 replies
The AUD/USD 1.00 EUR/AUD 1.60 GBP/AUD 2.00 Thread! 0 replies
Some Trade Setups & Contributions 2 replies
USDCAD
It looks like the up trend is still in tact; however 1.0550-1.0575 area is important to watch for a reversal there; possible to go short below that point.
However, right now, it looks like good RR is present to go long from these area at aroun 1.0620s, to target 1.0820s. Thats 200+ pips right there. The risk is around 50-70 pips. Might be worthy to give it a try; i will, since am still in the uptrend board.
DislikedEURUSD
In my view, the pair is currently in downtrend, entered last week with the break of 1.48 level.
With 1.4950s level to watch, it could pay well to take a short from 1.4840-60s to cash in around 1.4660-80s.Ignored
DislikedUSDCAD
It looks like the up trend is still in tact; however 1.0550-1.0575 area is important to watch for a reversal there; possible to go short below that point.
However, right now, it looks like good RR is present to go long from these area at aroun 1.0620s, to target 1.0820s. Thats 200+ pips right there. The risk is around 50-70 pips. Might be worthy to give it a try; i will, since am still in the uptrend board.
Ignored
DislikedThank you for starting this particular thread. Understanding the trend, where
you currently are within it, and, where you anticipate it will go ----the most
challenging points in reading charts. Thank you for helping us to do this for
ourselves by your reasoning.
happy tradingIgnored
DislikedEURGBP
The down trend began almost a month ago, with move below 0.9120s is on the line, however still in tact.
GBP weakness during last couple of sessions saw the pair rise toward 0.91. For 1:2 RR, it could be a good idea to short the pair, targeting 0.8920s. GBP is likely to outperform EUR during the next couple of sessions.Ignored
DislikedEURJPY & GBPJPY
After a run-up since last couple of days, both pairs struggle to move higher. There is an opportunity to short with RR:1
might be worth to give it a tryIgnored