Daily technical & fundamental analysis for multi-forex pairs

AUD/USD analysis & trading plan | Oct 13, 2020 | Managed Forex Accounts by Keon Consultancy​

Here is how we're trading AUD/USD today.
AUD USD, H1, Oct 13, 2020.png


AUD USD, H4, Oct 13, 2020.png
 

USD/CAD sell trade | Oct 20,2020 | Managed Forex Accounts by Keon Consultancy​

To understand this post, watch this video before you read this post.


The market fell below C with a faster speed, so the idea of ABCD formation was invalidated. Also, MACD crossover required for bulls didn't take place. The blue line of MACD continued to stay below the red line which indicates bearish continuation. The Hidden Bearish Divergence is in action and market is gonna make a new low below A. Therefore, I took a sell position right a pip below C with SL above recent high and the TP below the previous low, which give me a risk to reward ratio of 1:1.
USD CAD, H4, Oct 20, 2020.png
 
luckyanand12 said:

USD/CAD sell trade | Oct 20,2020 | Managed Forex Accounts by Keon Consultancy​

To understand this post, watch this video before you read this post.


The market fell below C with a faster speed, so the idea of ABCD formation was invalidated. Also, MACD crossover required for bulls didn't take place. The blue line of MACD continued to stay below the red line which indicates bearish continuation. The Hidden Bearish Divergence is in action and market is gonna make a new low below A. Therefore, I took a sell position right a pip below C with SL above recent high and the TP below the previous low, which give me a risk to reward ratio of 1:1.
View attachment 58619
Click to expand...
The trade hit the tp.
 
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