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300Eur instead of 450Eur
AudChf- I expect a new leg down:
AudChf found a clear top in 0.67 zone and after an initial drop to 0.66 the pair confirmed yesterday 0.67 as strong resistance and a steep drop fallowed.
My initial 0.66 target was reached and now the pair is correcting this first leg down.
In my opinion, rallies should be sold for a break of 0.66, which will also confirm that we have a double top in place.
My target for this trade is 0.65 and I will look for an entry with 1:2 R:R
EurAud- 1.6250 is a good place to buy:
EurAud found a strong bottom at 1.6150 zone and after a few days of consolidation in this zone the pair exploded to the upside.
A correction followed, a new leg up and now we are again in a correction.
This 1-2, 1-2 patterns usually are followed by big moves and I expect a strong leg up for this pair to at least 1.64.
EurCad at channel’s resistance. What’s next?
I followed this pair closely in the past 2 weeks with a clear idea, the drop from 1.6 is corrective in nature and EurCad should resume its bull run.
Now the pair is trading close to downward channel resistance and I expect a break soon.
Dips around 1.55 should be bought and as the first target 1.57 should suffice for now.
WTI OIL- Above 40 should be sold:
Since mid-June, WTI OIL traded in a long rising wedge . Finally, we had the break of support followed by a 600 pips drop .
Now Oil is recovering some of the losses, but I expect this to be just a correction before a new leg down.
I will look for opportunities to sell WTI above 40 and my target is 32 with a great 1:4 R:R