It look nice setup on EURUSD with low risk high reward possibility
GBPJPY Long Direction: - This pair was midway through a Bearish Cycle on the H1, however it was expected to reset and rise into a Bullish Cycle due to correlations with other pairs such as GBPUSD. - Low was held on the H1 for 3 days, so even if trend was going to continue being Bearish, a counter-trend would still give a considerable amount of pips for me if a...
GBPUSD Long Direction: - The pair approached the end of a Bearish Cycle which may continue on the H4 time-frame, but on the H1 time-frame a reversal off bottom of level was due. - The pair was expected to enter a Bullish Cycle on the H1 time-frame now. - A multi-session W (Double-Bottom) pattern formed on the H1, giving us the direction, and also failed to take...
AUDUSD Short - Direction: In a Bearish Cycle at level 2 on the H1, showing Bearish Momentum on the higher time-frame. Entry: Market Structure looked the same as yesterday and the day before, then gave an M formation entry at the top of the level. Furthermore, candle closed below the 13 EMA, giving me a confirmation. SL @ 17 pips above Trade Open (just above YH),...
GBPUSD Short - Direction: In a Bearish Cycle as it has not reached the H4 OB, and Bearish Momentum shown on the H4. Entry: RR tracks bounce off the 200 EMA, with divergence. RSI on the M15 also showed that the pair was overbought and was due to drop soon. SL 25 pips above Trade Open (just above 200 EMA), and TP 47 pips below Trade Open (just above YL).
AUDUSD Short - Direction: Multi-Session M PFH (peak formation high) on the 23rd-24th, and then 1 vector drop down into level 1. In addition, I see bearish momentum on the H4 and H1 time-frames. Entry: Dotted line on chart indicated the high held throughout the day (as no candle closed above), and the candles respected the 200 EMA, and did not close above it....
USDJPY Long - Direction: Has been in a Bullish cycle for 3 1/2 days. Pair was showing bullish momentum on the H1 and H4. Entry: Double Bottom pattern formed at H1 OB (can be seen on the M15). Divergence and shark-fin shown on TDI, with the RSI line also crossing the Signal Line, giving me a confirmation. Furthermore, entry candle closed above 13 EMA, which gave...
AUDUSD Short - In a bearish cycle on the H1, at level 2, where the momentum is still bearish. Therefore, next possible buy zone is at the bullish OB @ around 0.681. The chart on the M15 showed a Double Top formation indicating resistance (cycle is bearish), as price would not break that point, then the pin off the 800 EMA confirmed the trade which was opened on...
NZDUSD short - In a bearish cycle at level 2. There is still bearish momentum as it is heading towards H4 Bullish OB. All candles closed below the high created at 5:15 am GMT, showing resistance at that point as high was held for multiple hours, indicating they were not going to break it (as cycle is bearish). Evening star pattern then formed with divergence...
GBPUSD short - heading towards end of cycle pattern, but still showing bearish momentum. Double-Top bounce off 200 EMA, showing resistance, and RSI above the 68 shark-fining in on TDI. Trade open at candle close at 6:45 am GMT, with SL @ 15 pips from trade open (7 pips above YH), and TP @ 40 pips from trade open, @ YL.
Please see notes on chart.
As you can see in the monthly chart we have high chance to spike the tops and test 6000 zone. Therefore i look to buy only - as long we are above 5500 . best of luck :-)
It seems UK100 weekly up swing will continue. So this is the big picture to get advantage on and buy the deeps. time your buy blocks inside day . best of luck :-)
Here is a possible weekly upswing so i look to buy near support on reversal day . Best of luck :-)
Hey Traders! As you can see there is low volatility in the market. We expect that the market can't hold the resistance, so it'll collapse until 1.24500. If the market gets high price action and it breaks the resistance at 1.24900, we will exit the trade! We have a great risk-to-reward ratio of 1 to 3! Thanks and good luck!
14 April 2017 candle support has been well respected with high volume on 9 May 2019. Buy limit at 108 can be considered an extremely low risk trade. 110 can be a tough resistance. We will see from there.
So I have this new trading strategy which is low risk but high reward. I am talking about 300x reward versus risk. So I run this for 1$ starting capital, and it back-tested to 313$ in 2 years (see the results). Number Wins = 24 Number Loss = 34 Win Average = 22.8 Loss Average = 6.9 Expectancy Ratio = (No.Wins X Win Ave.) - (No. Loss X Loss Ave) = (24 X 22.8) -...