Looks good to make the first lower low.
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
All informations on the chart, good luck if you take it!
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...
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.
I 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:...
I 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: ...
Using stop order and SL is according to ATR value.
My sell limit order is at 1.0823, let's see if it will be trigger.
In 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.
EURGBP was rejected by significant trendline, good opportunity to sell.
Happy New Year All, Cypher setup coming up here on GBPAUD, see chart for position details. Good trading in 2016 and beyond! Luke
PRZ, Daily: 1- resistance confluence of trend line and horizontal line 2- stochastic has recently cross in OB zone Reverse signal, H1: 1- H1 trend line broke yesterday 2- today in 50% fibo retracement. 3- stochastic cross now. this trend is risky in H4.
It might take a couple years before another rally. The next 4 months I expect price failing at the red trend line and coming back down to 220-300 depending on how strong demand is there and therefore if it's worth for whales to try running the stops bellow 230. The 800-900 target is derived from meassuring the distance at the widest place within the triangle,...
Very clear H1 bearish double top formed, perfect setup for a 2618 trade to the downside. The only trade management that the 2618 requires is when price reaches TP1, we close half the position for profit and move our stop loss to breakeven. Otherwise we have our entries and exits in place and just let it run. Entry - 1.33210 Stop - 1.33831 TP1 - 1.32510 TP2 -...