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Relentlessforex

GBPCHF, Confirmed?Main Parameters 1. Monthly timeframe - Bearish 2. Weekly timeframe - Bearish 3. Daily timeframe - Bullish 4. Intraday timeframes - Bullish Other Parameters 5. COT Data - GBP (Net Short with main parameters) CHF (Net Long with main Parameters). Intraday Reason for entry: 4hr Invalidation, 4hr diminution, 1 hr Invalidation and 15min Invalidation confluence. Based on all these parameters, we are taking a Short position risking not more than 18 Pips, targeting a 1:10+ at significant weekly level where we are targeting to take our profits. CAUTION: This is not a financial advice, always trade with caution considering appropriate risk management.
Short
by relentlessforex
EURJPY, This Week.Main Parameters 1. Monthly timeframe - Bullish 2. Weekly timeframe - Bullish 3. Daily timeframe - Bullish 4. Intraday timeframes - Bullish Other Parameters 5. JPY Basket - Bearish (positive with main parameters) 6. COT Data - EUR (Net Long with main parameters) JPY (Net Short with main Parameters). Based on all these parameters, we are taking a long position risking not more than 18 Pips, targeting a 1:10+ at significant weekly level where we are targeting to take our profits.
Long
by relentlessforex
EURAUD, Before the coming short, Part 1Main Parameters 1. Monthly timeframe - Bullish 2. Weekly timeframe - Bullish 3. Daily timeframe - Bullish 4. Intraday timeframes - Bullish Other Parameters 5. COT Data - EUR (Net Long with main parameters) AUD (Net Short with main Parameters). Intraday Reason for entry: 1D Validation Level, 1hr Hidden Invalidation and 15min Invalidation confluence. Based on all these parameters, we are taking a Long position risking not more than 12 Pips, targeting a 1:10+ at significant daily level where we are targeting to take our profits. CAUTION: This is not a financial advice, always trade with caution considering appropriate risk management.
Long
by relentlessforex