A nice low risk trade at the end of the year. Wish you all a profitable next year!
Hello Traders, Here's a signal! EURCAD SELL 1D CHART STOP ORDER STOP ENTRY: 1.4596 SL: 1.47894 TP: 1.43400 EXPIRATION: 1 Week Estimated time to complete: 30 days (Use Low Risk)
Back to the basics is always better. Targets: Target 1: 1.31416 Target 2: 1.31151 Target 3: 1.30948 Keep Positions Liquid
After getting the breakout we were tracking for in USDJPY we are now back and revisiting our infamous "Loading Zone" area at 109.3x right in time for BOJ to maintain the status quo. Outside of a knee jerk via risk I expect USDJPY to hold 108 - 109 range until we clear BOJ next week. Odds of Japanese rates being taken further into the red is declining, meaning...
A very good time to update the Gold chart after clearing inflation and FOMC yesterday. As widely mentioned in the latest macro update in the institutional room: " Here tracking for a slight uptick in inflation but nothing out of trend before the spotlight is turned onto forward guidance with Fed and 2020 dots. I expect the dots to tick down whilst leaving 2021...
GBPCAD could go down again up to strong support of 1.6600 then bounce up. My trading plan is: - Buy limit at 1.6600 - Sell stop at 1.6450 (based on ATR 14) - Take profit at 1.7000 - Risk/Reward 2.67 ADVICE: This idea is based on my researches, do your own study and don't invest based on this idea only. If you like my scripts and ideas and find it useful to...
I'm eternally bullish on BTS, but a year-long bear situation is possible... When trading, look at the risk to reward. Shorting to the bottom of the triangle would yield 50% returns. Although you may get the false pride of buying the bottom. However, longing to the NEAREST resistance level is 100% returns. Longing to the second nearest resistance level is 300%...
Expect current price to bounce up soon at highlighted zone below !
Another solid Risk to Reward setup here. I cannot stress how important it is to have a good Risk to Reward ratio under pinning all of your trading decisions. I always look for 5:1, 4:1 or at least 3:1 reward for any capital I put at risk. This means that even if im performing badly and placing more losers than winners, I'm likely to at least break even or even...
XEL is at risk of an intermediate-term downtrend after topping recently. The strong support level is near 44-40 for the first big bounce up level.
So you have the "perfect" setup; all the stars align and you feel utterly confident in taking the trade, but should you? I have a process that must be completed before I even think about pressing the trigger. Fundamental analysis points me in one of two directions, then from there I'm either short or long. I then look if there is a technical entry point that...
In today’s market insights video recording, I talk about EURGBP and AUDJPY FX Minors. Euro is affected by a report that a phase-1 deal is highly unlikely by the end of this year as the Chinese want rollbacks pushed to May 2020 and the US Congress just passed a bill supporting Hong Kong protesters; going against China again!? Safe-haven flows were also increasing...
NZDJPY is currently in the upper part of the range channel and it is very likely to go back down in the next hours. TP and SL are the top and the bottom of the channel respectively that I have indicated with the horizontal lines. I calculate the risk for this trade as over 3 times lower than the potential profit. Good luck! *This idea is for educational and...
The GBP is still at the top of the Daily strength meter v CAD which has dropped below the zero line the past 3 days indicating a push up for GBP. The problem here is that GBP has been attempting the move the past month and keeps being restricted in its advance. A break and close above 1.7100 should provide clarity to the upside for the time being. Should GBP...
CADNOK has make some interesting trend switches, that may afford trading opportunities. I explore the probabilities. This is not a recommendation to trade. Your losses are your own.
This is a very wild instrument so be careful. No predictions here. I'm showing how I'm preparing for this one.
Risk reaction will continue till 1615 (some fib. retracement), then with the FOMO effect loads will buy gold, and big institutional traders will then short the gold to squeeze profit out of them. First to 1400 with fluctuations there, then down to 1200. Then they will cancel most other traders with the trick move, and the real gold price ascent will happen from...