i will link the previous analysis below to see how i saw the market then. and i updated it why we are closing this trade.
we got a break of structure but at the end we saw more selling pressure and went all the way to test the daily support which is okey. so it mean the broken structure we saw is invalid and now we need to base it. by h4 timeframe and h1. so...
As discussed in my previous posts, we were long the pair and advised entry in 3 tranches. 2 of the trades were executed at our levels and we also hit our TP at 109.20 levels...
I had mentioned in my previous posts that 109.30 is an area of congestion and we can see that markets so far couldn't beat that level is around that zone. If you look at the RSI, bulls...
Opening prices: LHA@12,33$ RWE@12,50$ UN01@13$
Closed all positions at 22,80$, 20,25$ and 23,17$ respectively.
Here i figured i would just let loose for now and liquidate these positions. For the moment they all seem topped out and with elections coming up in Germany i figured: Take the money and run!
Will be doing some further charting on these in the future...
This trade is linked with the other USDJPY:
I've palced a different buy limit entry with some adjustments to the trade management - Bias / Setup is still the same (LONG) as mentioned in the previous idea.
- 2 Trade entries (instead of 1) @ 100.18
- Stop Loss...
-As in the above picture its a congested area and price is failing to make new highs
-Number of patterns are detectable
-On the 15min chart there is a Double Top
-2 Trades entered @ 0.7275
-Stop Loss for both @ 0.7309
-Target Profit 1 @ 0.72211 Fib level 1.618...
-Measured move from retest of major support / resistance level
-No particular pattern found
Note: The ideal point to enter thsi trade would have been the break of the trendline as mentioned on the chart
I have decided to enter on the basis of the long wick candle (with the arrow above it)
- 2 Limit order placed at...