Thursday, May 10, 2018

Usdcad pending sell around 1.2910 Technical Analysis

Forex Price Action Supply and demand Analysis Price has managed to breach the crucial demand level 1.2810. We can see retest with compression on h4 time frames,but I am somewhat sure that target is not yet reached.
We should watch & wait a retest of the level 1.2915.
Take a look at the chart of USD/CAD below.

So, Trade entry would go this way.
Usd/cad pending sell stop around 1.2915
Stops @ 1.2936
Target 1st 1.2710
Second 1.2630
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Update of the Trade on 17th May 2018
Trade closed all the orders around 1.2740
+170
Note :-Weekend trading are not preferred

Loonie Chart for the reference

Friday, March 30, 2018

Price Action zones trading with gbpusd daily chart

Trade forex for a living with supply and demand Hi Readers !
Welcome to the blog . Its quite a while since I posted any chart but that due to my busy schedule. Opportunity is on the chart with a 7 times Risk Reward. Please do apply proper risk management with the trade as this level is clear seperator between bulls and bears.

Pair Gbp/usd
Entry point at 1.3847
stops around 1.3825
Target flat 1.4000

Saturday, February 03, 2018

How to trade like banks and institutions & make a living trading forex

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Price action analysis of canadian dollar against us dollar



Usd/cad approaching crucial area of 1.2600. I would like to see the reaction as this area had strong pushes up and down on weekly and looking at h4 reaction has already started & approach to area can result in strong sell-off.


Sell usd/cad pending sell @1.2600
Stop @ 1.2635
Target 1.2480

Thursday, February 01, 2018

Price Action analysis of eurdollar Forex Technical update

Hi Readers,
Euro has managed to hold the area above 1.2450 & looking good to test another crucial resistance and psychological level around 1.2600
For price action traders it is quite necessary to look for reward to risk & price is reacting to previous highs but as we are approaching NFP today, I am expecting and going with the recent approach to high.
You can wait for the release of Non-Farm payroll or you can take small risk but make sure that you protect your entry with protective stops.
Buy Euro/usd 1.2480
Stop 1.2435
Target 1st 1.2580
Second 1.2650

Tuesday, January 23, 2018

Pound trade offered good risk reward l closed all at 1.3980

Forex Risk Reward </head> Hi Readers,

Usd/canadian dollar trade is still looking for a direction and tested 1.2430 area twice and made a high of 1.2490 but I would like to remind you about the last trade of Gbp/usd where I went long around 1.3810 area & took first profit around 1.3888 where I closed half & now I am closing all the positions around 1.3970.


Take a look at the post here Gbp/usd long trade


Total profit of 170 pips with a 35 pips stop is good enough trade specially when lot happening around at the start of new year.


Moving ahead for next trade of gbp/chf



I have posted chart of gbp/chf for your reference and recent rally looking good as it is carrying momentun but has not really went in complete control due to weakness of usd/chf.


I will post an update soon if price start reacting at 1.3310-40 area.