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XAU/USD ideaWhen we look at the chart we can see that the price on the daily chart just broke out of the wedge. If we get to see another daily close above the wedge we could consider to go long. Entry: 1768,5 Stop loss: 1659 Take profit zone 1: 1944,56 Take profit zone 2 :2066, 80 (Around the all time high point) Risk-Reward: 2,72 Risk: 1-2% The plan for me is to close 40% of the trade at the take profit 1 zone. I will then close 30% at the take profit 2 zone. The remaining 30% I will keep running. Once we get to the take profit zone 1 I will also be looking to put my SL to breakeven so that the trade than runs risk free. If you have any questions, feel free to PM me. If you like the idea do not forget to give it a like and feel free to share your idea for Gold in the comments.
OANDA:XAUUSDLong
by MaBaCapital2
EUR/JPY trade ideaWhen we look at the chart we can see that the price reversed at the 0,618 level of the Fibb. We can see that this also happend in the past so we could say that it is forming a support zone. If we get to see a clear break of the falling wedge than we could consider to enter this trade. Keep in mind that all trades are tricky becuase it is NFP week! Please let me know in the comments what you think of the idea and feel free to share your idea also. If you like the idea, do not forget to give it a like then. If you have any questions feel free to PM me.
Long
by MaBaCapital2
7
Trade idea for CHF/JPYWhen we look at the chart we can see that the price has been testing the resistance area in the daily chart . We see that the price isn't able to go above it for now so we could risk the trade. The risk reward is very good but I think that this is a trade that will take a while to hit the tp. When the tp1 is hit you should move the stop loss to break even level. Please let me know in the comments what you think of it and share your idea for this pair also. If you like the idea, don't forget to give it a like then.
Short
by MaBaCapital2
1