USDCAD Has Been Given Trend line Breakout and Retest its Previous Support Which is draw in Chart .
Look For Buying opportunities Above 1.35772 and sustain above 1 hour candle ..
Long Stop loss = 70 pips
Selling Below 1.35221
Stop loss 70 pips
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE.
GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to...
GBPUSD recently broke its multiple rejection RESISTANCE at 1.4000 & drastically go up. Another side's already in an UPTREND for the last few months so, Price action analysis says it's a good time to buy/long GBPUSD as a SWING TRADE.
Remember: Close 50% trade at take-profit:1 & move Stoploss at Breakeven. There is resistance at Take-profit:2 so if we use this...
Time to take a LONG entry on AUDUSD based on below price action:
(i) Nice bounce back from multiple support area 0.77000
(ii) Short term downtrend line break
(iii) Market already in a range with multiple respect on the same R/S area
TAKE ONLY 2% RISK OF CAPITAL PER TRADE
AUDUSD possible short sell OPPORTUNITY, if break the next support at 0.76000
(i) Already in a downtrend
(ii) Double/Tripple Top chat pattern formed & fall
(iii) Short term uptrend line break
(iv) symmetrical triangle pattern break
USE ONLY 2% OF CAPITAL PER TRADE
This pattern has a 90% success rate. So dont miss the breakout. Trade when an upside breakout happens. This is a swing and intraday pick.
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
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