Using the Gold Ichimoku trading strategy, we see that price is above the Daily KS, but below the 60KS and 15KS. So 3 horseman are aligned. This is a Type 1 BO trade with a High probability and good RRR . A better entry candidate was GBPCAD based on strenght and weakness, however AUD was the first pair to break out.
BO Entry = 1.9253
Stop = 1.92784
Risk = 25...
MA trades:
We have a nice up move in this pair, so we will look to get in on a pullback. This is an MA trade with a High probability and Good RRR.
Entry = 1.9254
Stop =1.9234
Risk = 20 pips
Profit target = 1.9314
Reward = + 60 Pips
RRR = 3-1
* understand that this entry is based on a moving Average, so it will...move. I will update before it is...
NZD strengthened after RBNZ Gov. Orr’s press conference and this pair has now gone into a consolidation between 1.6932 (High) and 1.6890 (Low).
Entry = 1.6931
Stop = 1.6951
Risk = 20 pips
Profit target = 1.6870
Reward = 61 Pips
RRR = 3.-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or...
We've had GBP/JPY drawn out in a longer term consolidation pattern for a while now.
Originally we were waiting for a break and retest of the zone to drop, but that the moment we actually broke to the upside.
You can see the price structure to the left that I am looking to grab a buy at, as we attempt to make a bullish push upward.
This opportunity is...
Price is below the 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and decent RRR.
BO Entry = 1.7048
Stop = 1.7072
Risk = 25 pips
Profit target = 1.6999 ( The daily KS )
Reward = 48 Pips
RRR = 2 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great week!!
Allen
Following the positive reaction to the NZD interest rate decision where they kept the interest rate the same, when a cut was expected, coupled with the negative UK CPI . We have the potential for a great continuation to the downside.
Entry = 2.0124
Stop = 2.0144
Risk = 20 pips
Profit target = 1.9936 (the Daily KS)
Reward = 188 Pips
RRR = 9.4-1
Once this trade is...
- Incoming Bullish Tenkan-Kijun cross on the daily... IF we can continue with a bit more of a rally into the next daily open. 10 hours left as of this writing.
- OBV passed the level I needed for a semi bullish confirmation on daily. However we need more volume to continue past $8,550 along with additional confirmation.
- Tom Demark Sequential on the daily showing...
Price is above the Daily, 60 and 15 KS as well as the cloud. So all 4 horseman are aligned. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.9194
Stop = 1.8701
Risk = 25 pips
Profit target = 1.9269
Reward = 75 Pips
RRR = 3- 1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend!!
Allen
This trade was...
A nice rising wedge pattern is forming on this chart. It would be wise to enter a short on the break of the counter trendline on the weekly chart. The market is largely in a bearish move that can be maintained if enough sellers creep in.
Price is below the Daily, 60 and 15 KS as well as the cloud. The 4 Horseman are aligned. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.9986
Stop = 2.0011
Risk = 25 pips
Profit target = 1.9935 ( The projected low )
Reward = 51 Pips
RRR = 2 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great...
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
