Large stop loss ahead of NFP, if price moves in anticipated direction then positions will be added post NFP at key price levels and stop loss will be tightened. If price does break and close below the channel with bearish PA then this trade setup is no longer valid. It is a risk taking this trade as we are trying to predict NFP. However, all price action lines up...
Looking long on break and close above resistance (Blue Rectangle).
Our Short Setups still remain as explained in our related idea (See links below). However, this post is to explain how the stop loss can be extended to 1.35200 in case of high volatility on the back end of NFP. We will seek bearish PA confirmation around 1.33950 - 1.34500, ideally 1.3400. As this will probably be traded pre-NFP we need space for some volatility....
Sometimes the simple trades are the best. Can anticipate a short to retest the breakout of the trend line. We have divergence on multiple time frames. We can have a buy limit order around 1.12135 with stops around 1.11750. For those of you that are sleeping, you can always wait for price to reach the trend line and seek bullish confirmation before entering. I...
Seek Bearish PA around 79.395. See Related Idea down below.
If price breaches and closes above the resistance of 79.460 with signs of bullish momemtum then the trade setup is no longer valid. However, this trade setup can be traded on the breakout below the blue rectangle outlined; or if price retraces on the M15 and M15 window to 79.365 or resistance of 79.460; on bearish confirmation this trade can be executed....
REASONS TO SELL: For a few days it struggles to get long. 4h box broke below. Price crossed 50-78 EMAs
REASONS TO BUY: 4h box broke above Above 50-78EMAs WHAT COULD GO WRONG: Strong resistance zone (confluence) News
REASONS TO BUY: 4h box breakout Above 50-78EMAs Above channel WHAT COULD GO WRONG: False breakout
Buying. REASONS: * Above 50-78 EMAS * Broke the 4h box upward * Yesterday short move dried out * Hope it will at least test the upper bound channel WHAT COULD GO WRONG: The downward momentum will continue.
double top lower high (moolah) huge fat wick rejection and engulfing on 15m fib reject the sweet spot 5-618 and text book move to the -272 extention textbook textbook very nice trade
Nice double top here, NY choppy wick time, then shows sweet doji on 15m tf signaling the drop after the retest of neckline/last kiss on the double top while the overall trend is bearish pretty awesome RR for scalper to next zone, small pips to W or L but consistency is what matters most another great confluence is the 15ema 200ema cross we see right as the entry...
THE FTSE 100 COULD BE ENDING THE DROP NOW IN AN ABC DECLINE AT FIB 618 WOULD COVER ALL SHORT MOVING BACK TO A LONG TRADE MARKET
Technical Analysis Euraud h4 with educational purpose, Trading Idea's
As CPI news came this morning for the GBP pairs, we are looking to experience a sell for GBPNZD. tp: 1.839-1.833
Good Morning everyone, We are looking at the intraday chart from GBPCAD, which shows us a nice divergence during the London Session start. After a bear cycle with two corrections (marked in yellow boxes) we entered a buy on the low. We expecting a nice rise during the session with a first correction after the trend line break. This is a short term trade. Will be...