Loss
NZDUSD: Bearish BatBearish bat pattern setup forming here on Kiwi with D completion at 0.72430.
Entry: 0.72430
Stop: 0.72660
Target 1: 0.72050
Target 2: 0.71810
Have a great weekend all.
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Luke
Short EURGBPafter a very clear 5 bullish waves.
it seems time to do some rest.
also good engulfing candle
EURUSD SHORT TERM LONG- Small A-B-C correction.
- Then some short term upside, before big downside move.
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GBPUSD - Brexit pendingWill be taking a long position on GBP/USD based on the following reasons:
- Bullish hammer candle on Weekly TF.
- Rejection of 0.786 fib
- Respected ascending trendline
You might be thinking that I am super crazy by taking this trade, especially with the referendum only a couple of days away, however I feel as though the UK will not be leaving the EU and this is purely my opinion. I am willing to take on a higher risk as the risk/reward ratio is a lot higher. I expect a 1500 pip move as a minimum, which would blow away some really key levels regardless of which way the vote goes.
If you are taking a similar trade and running the risk, ensure that your brokers either have a guaranteed stop loss or a NBP (negative balance protection) to ensure that you do not end up with a blown account.
Trade safe
LONG AFTER A RETRACE OF THE 50% ON THE DAILY FIBO.There has been formed a head and shoulders on h1 and it is recently been broken. We would love to see a 4h candle closing big and engulfing above the 0.739 level, which it looks like is soon going to happen. The Take Profit won't be till the supply zone. It will be till the 61.8 fibo retrace of the downwards impulse. Let's play it safe.
Trade Attempt I had placed trade when price failed at resistance but didn't wait for demand to be removed to confirm higher probability of strong selling
NZDUSD LONG 100+ Pips NZD USD overall up trending momentum seeing Bullish signal on support trend line pull back, close to major 1D support area.
Looking at 50 point stop, placed below the low of the previous indecision candle.
Entry - looking for further bullish momentum to break previous candle high @ 0.6803
1.2 risk reward
TRADE OF THE DAY 24-02-2016 ($-5.77)I HAVE BEEN STRUGGLING SOME DAYS WITH THE SAME SITUATION, I BOUGHT THE USDCAD AFTER THE PRICE BROKE PREVIOUS RESISTANCE AROUND 1.3817, THE PRICE WENT UP BUT COULDNT MAKE A NEW HIGH,SO AFTER THIS I MOVED MY STOP LOSS A LITTLE BEHIND THE LAST 5MIN LOW AT 1.3840, BUT THE PRICE PASSED THIS PRICE LINE SECONDS BEFORE THE RELEASE OF THE NEWHOME SALES RELEASE.
PROFIT/LOSS FOR THE DAY: $-5.77
TRADE OF THE DAY 22-02-2016 ($-39.10)I WAS TRYING TO BUY THE USDCAD AFTER A LONG WAY TO THE DOWNSIDE, WHEN THE PRICE REACHID PAST RESISTANCE LEVELS AROUND 1.3700 THAT MIGHT TURN INTO SUPPORT, BUT THE PRICE CONTINUED TO THE WAY DOWN AFTER A LITTLE PUSH UP AND REACHED MY STOP LOSS.
PROFIT/LOSS:$ -39.10
GOD BLESS YOU ALL.
TRADE OF THE DAY 15-02-2016I JUTS GOTTED STOP OUT AT A SMALL LOSS ON THE USDCAD, AFTER ENTERING BULLISH WITH THE PRICE FINDING SUPPORT SEVERAL TIMES AROUND THE 1.3812 AREA, AFTER THE PRICE WENT UP AND BROKE THE UPPER LINE OF A BEARISH CHANEL THE PRICE CAME BACK AND HITTED MY STOP LOSS THAT WAS MOVED A LITTLE MORE THAN THE B.E. LINE.
COMMISIONS: (-1.80-1.80)= $-3.60
TRADING PROFIT/LOSS: (1.56)= $1.56
RESULTS: =-2.08
GOD BLESS YOU ALL.
TRADE OF THE DAY 11-02-2016I ENTERED LONG ON THE USD, AFTER THE PRICE MADE A UP SWING 22 PIPS FROM THE LAST LOW, WITH THE PRICE SHOWING SOME SUPPORT AROUND THE 0.50 FIB EXTENSION FROM THE PREVIOUS HIGH, I GOT OUT OF THE TRADE BECAUSE THE STOP WAS TRIGGERED WITH A LITTLE LOSS AFTER THE SPREAD COST, COMISSIONS AND SLIPPAGE CAME OUT.
COMISSIONS: (-1.80 -1.80) = $-3.60
PROFIT/LOSS: = $-1.29
RESULT FOR THE DAY = $-4.89
SHort AUDNZDIn Daily reach to a downward trend channel.
in H4 it's in high of it's range also stochastic is in a very good place to return near OB zone.
in H1 we have nice candle.
then let's see what's happen.
