Here goes my first post... Shorting the AUDUSD based on the idea that there is re-test on 0.382 on fib, which would set up a sweet entry at 0.74845. I tend to keep my stop losses tight, usually around 20/30 pips away. Expecting this trade to go down to 1.272 on fib extension which will allow us to bag a nice 304 pips. Expecting trend reversal at this stage as...
Price has fallen nicely into daily res. swing low from 2nd March to swing high on the 6th March retracement puts price just below 61.8% key level, and also have the moving average crossover too. Standard risk reward, see how this plays out.
After yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan. If we reach level D we get a valid cypher pattern formation for a short entry. Stops above X. Trade your plan
Hey traders, Potential Bearish Cypher Pattern on the 60 min Chart. Trade your plan. Stops above X. Targets according to your plan. Greets.
Entry: 11820 TP: 11476 SL: 11917 ----------- The trade will be opened before the H&S is confirmed in order for the RR to be more attractive, 3.29 is very good.
Very nice risk reward. Looking for bounce off channel, also a nice physiological resistance at 0.85500.
Entry -- Price action is pointing to a short bias, with price action respecting major "resistant trendline" causing, price to break the uptrend trending & support to turn resistance, thus triggering a short bias. The point of entry with the best possible odds for the trader is indicated on the chart, which is a classic retest point of entry, which would prove to...
Wait for the correction before entering short everyone. Here is a good 200+ pip trade setup.
I am looking for a buying opportunity at the monthly support on this pair.
I'm observing pair for some time. It seems to me that after sharp move south pair is still going to reach psychological level 90. All my previous ideas were based on some strong indicators suggesting that price will follow but all of them were wrong because of one thing, they were all against trend. AUDJPY is in strong up trend for quite some time. I marked with...
Hey traders, earlier I posted this idea: This one is entering the PRZ for aggressive entry. If this is indeed the reversal point, we may see a huge risk to reward in our favor toward the follow-through on falling wedge completion. Trade is active with a limit at entry.
From the Price Action, it is quite obvious that the selling pressure is greater than buying pressure now. Overall, we are bearish on USD/CNH Here are 2 trading plans for you: 1. Wait for bearish signal to short 2. If price pull back higher to Resistance Zone, wait for bearish signal to short :)
From the Price Action, there are more selling pressure than buying pressure in this consolidation pattern. From COT Report, For JPY, there are more non-commercial positions added to long side. From both Price Action and COT Report, there is confluence that NZD/JPY might go down further. Here are 2 trading plans for you: 1. When the price break the support...
200-EMA is pointing downward and prices are below 200-EMA, it mean the long term trend is on the bearish side. 20 & 50-EMA also trending downward. Now there is descending triangle consolidation pattern, trying to push the price down the "Buyer's Stop Loss Position". Once this level was broken, expected the price will fall lower. From price action, in...
There is a consolidation pattern near the Resistance Zone. From the price action, we can see stronger selling pressure than buying pressure. If the price managed to break the buyers' stop loss level, we expect the price will fall further lower. Here are 2 trading plans for you: 1. Wait the price to break the buyers' Stop Loss level and entry 2. If the price...
Not to shabby of a trade but here, a hair more than 2:1 risk: Buy @ $63.40 Sell @ $63.99 Stop @ $63.12 ----------------- Risk 28¢ to make 59¢