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Pivot Trading

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Short entry from GA last resistance level
watching gbp/us. NFP at 8:30
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Quoting alish746
{image} Short entry from GA last resistance level
your chart is GBP/US not GBP/AUD?
Quoting StarChild10
{quote} your chart is GBP/US not GBP/AUD?
ohhhhhh sorrryyyy I made a mistake, it's actually GU not GA
EG buy positions from last week all on 4H tf closed
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Seek first to understand, then to be understood
EC and NC nice place for buys imho. Keep in mind that on Wednesday is BOC Rate Statement. Could be that after rate statement, CAD falls heavily? I dont know but it would make sense...
the only place success comes before work is in the dictionary
Ben1 Return This Week: na
Over a long time some not so great news for dollar.
EURJPY and GBJPY selling nicely
Hi Pivoters
Sorry being MIA
basically dodging the bullets now. Have CAD sells so waiting for Rate Decision then CAD should be dumped massively.
Waiting patiently.
In trading, you have to be defensive and aggressive at the same time
Quoting Davit
Hi Pivoters Sorry being MIA basically dodging the bullets now. Have CAD sells so waiting for Rate Decision then CAD should be dumped massively. Waiting patiently.
Hey man. Could you possibly post the full analysis of your next trade and all the steps you took and the reasoning behind those steps before taking the trade? I would just like to see if I understand everything correctly.
Quoting ghwatson19
{quote} Hey Mann. Könnten Sie möglicherweise die vollständige Analyse Ihres nächsten Handels und aller Schritte, die Sie unternommen haben, sowie die Gründe für diese Schritte veröffentlichen, bevor Sie den Handel abschließen? Ich würde nur gerne sehen, ob ich alles richtig verstehe.

if your name ghwatson19 means: gohomewatson19 , then you did everything right with your question to davit.
the highest point comes before the fall
CAD rate decision today. If this will be a surprise hike like AUD, CAD will fly
Quoting 1pipperhour
CAD rate decision today. If this will be a surprise hike like AUD, CAD will fly
If not then all commodity pairs will drop together on the news.
Quoting fxmatters
{quote} If not then all commodity pairs will drop together on the news.
Why all?
Quoting 1pipperhour
CAD rate decision today. If this will be a surprise hike like AUD, CAD will fly
however if they maintain the previous rate then there might be massive sell off
Either way not touching CAD till then.
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LOOKING AT GBP/AUD FOR A LONG
Quoting StarChild10
{image} LOOKING AT GBP/AUD FOR A LONG
AUD seems to be overextended on quite a bit of pairs, setting up some high prob shorts against it, see AN for example. GDP was less then forecasted today morning. With my limited knowledge about news i would say this could push AUD down on also on a fundamental basis. What do you say?
Looking for retracement on Gbp/Aud, Gbp/Us is at support level and is stronger than Aud according to Finviz. So watching
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Quoting 1pipperhour
CAD rate decision today. If this will be a surprise hike like AUD, CAD will fly
Boom!
Little surprised that CJ can't edge higher. Could be end station...
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