Price is now in a strong SR zone, if the market bounces lower again, we could see a retracement for a 1.1.9 RR ratio trade.
A possible short retracement trade after the big ECB move up with a good 1:2 RR
AUDCHF: Retracement 61.8%. RSI overbought. SL is ATR.
GBPAUD:Selling at downtrend retracement. 2 order (limit and stop order). If TP has reached, cancel the other order
Busy day today...now that the dust has settled it's time to ask ourselves "What's Next?" I took this opportunity to record a video going over the I.P.D.E. thought process that I use when performing technical analysis & walk you through how I go about making my trading predictions before looking for entry opportunities. Here's the link to the video...
GBPJPY: Selling on downtrend retracement. SL is ATR. Price has reached 61.8% fibonacci retracement. Expecting bear.
Gold has formed a reversal candle at the top of a downward channel with Friday's close. The divergence on MACD is getting more pronounced as indicated by the pink lines. Looking at a price target of about 1130 - 1150 to coincide with both 200 day Moving Average as well as Fibonacci Retracement 61.8% level. Since 2013, prices has fallen on average 9-11% from the...
When there market creates a new lower low, you can take a short trade till 0.5 fib zone for about a 1:2 RR
If price comes down to D and no downtrend, worth to take a long. Cheers! :)
In this example I show you one of the ways I use to trade in a 4hr timeframe. The idea is to first wait for ema cross, and then wait for at least 2 retracements, after retracement, open a position and place sl below or above the previous retracement depending on your position. The only downside to this strategy is you might miss a lot of other trading...
2 possible outcomes. If price breaks above resistance level, look for long opportunity. If price breaks below trendline, look for short opportunity.
GJ has broken this downtrend resistance as well as crossed over the 200MA on the 1h. Looking to get in long around 157.700 on the minor pullback. I'll be exiting if it makes a new lower low.
Buy limit on at possible uptrend retracement. SL is ATR. Fibonacci 38% shows high volume.
too steep of a trendline, needs some retracement - both trades offer a good RR ratio; 1 to 2 and 1 to 4. Enjoy
Looking to short after a small retracement. This depends on what happens to the price over the weekend and where it looks like it will open. GBPs gapped open last weekend.
I'll be looking for a retracement in the next 5-8 days, followed by bear confirmation on MACD and/or candle. If I see that I'll be shorting this with the trend.
CADCHF: Buy Limit at possible retracement level. Limit order is at 50% fibonacci level. target is at H4 support resistant level.
EURUSD: Selling at Higher Timeframe (H4) downtrend retracement. entry at 50% fibonacci level. High volume trading last night pushing price down