USDJPY broken the down trend line we wait for mometumn of rising trend is bigger by Buy stop order
TYPE : BUY STOP
TF : H2
ENTRY PRICE : 110.410
STOP LOSS : 109.850 (56 PIPS)
TAKE PROFIT : TP1: 110.61 TP2: 110.98 TP3: 111.50 TP4: 112.25
This is one of the most controversial pairs in the market in terms of the BTMM. I am saying this because it never even moved a level for us to get a reversal entry. if look from Monday, it has been resetting since then. We are only looking at getting a return move to the last week's low for us to go long
-Price respecting fib levels
-Price re-entered previous daily trendline
-Enter on continuation with a buy stop
-AUDUSD hasn't retraced in a while so weak AUD should correlate with GBPAUD going higher, also the pound has been really strong lately
-Take profit will be in the second zone, I'll take partials at the first zone
- Market structure has flipped bullish once again
- We have broken to the upside from the range we were stuck in pre-London session
- Buy stops were set in order to catch upside momentum should it continue
- we are currently entered into the trade and we have two targets set
- Target 1 is at the previous highs and Target 2 is set a little longer term at the...
I have previously posted my scalping strategy basics with this pair. In this post I will explain the strategy in depth with my Buy/sell stops with TP points.
Currently I am in a long position after the strong retest of 1.18000. My tp is set at 1.18800. Once my first TP hits a buy stop will trigger with a TP target of 1.18900. Once my second TP hits and exhibits a...
We can see gold break the rising wedge to the downside and now its testing the 1937 key level. I am expecting bullish movement. I am waiting for 1948 resistance to break and enter the buy at 1950 to target 1994-1999.
1999 is also a key level where I will look for sell or buy.
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I've identified a possible Cup & Handle formation on Bitcoins 15min Time-frame. Also established is a 1hr sideways channel, which has been subject of consolidation at levels 11250.00 and 10850.00. I set a buy stop entry level based off of potential price surge & retracement. What are your thoughts on BTC/USD & other Cryptos?? LEAVE ALL COMMENTS BELOW
If you take a look at the chart price broke out of the ascending channel formed on the daily time frame. Im expecting price to reach the Support line on the daily time frame and either keep ring or price will make that support line a new resistance line which I doubt will happen. I will be placing a buy stop order @0.70400 and ride it all the way to the daily support.
Market trending upwards on higher timeframes
Support level held again
Rejections of support level is hinting a further move upwards
A buy stop order was the tactic chosen due to it being somewhat reduced risk as it would only be triggered if momentum was to continue in the desired direction
Same triangle formation on EUR/CHF hour chart. The breakout hasn't happened jet. The price is open for both direction.The trendline crush is more likely because of the RSI divergence,but we can trade both with an OCO buy stop-sell stop order.
Triangle formation on AUD/JPY hour chart. The breakout hasn't happened yet. The price is open for both direction.The trendline crush is more likely because of the RSI divergence,but we can trade both with an OCO buy stop-sell stop order.