GBPJPY has been enjoying good gains, but is now at a strong psychological monthly resistance. Whether it goes up or not, GJ looks set for a short position to the previous resistance point on 21st Aug 10am.
Its always level to level trading green & red zones are untapped which gives a nice reaction on first tap, the yellow zones has been traded through but can still give nice trades but i'll be very cautious as the range will surely break , so trade the range till it breaks.
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
hey traders real traders r always ready lets wait and see what happens there will b an update if we get there share ur thought and leave a comment
if we hit the previous idea target, I'm going to reverse the position check the chart and share your thought
I entered a long position here on #AVALANCHE. A previous major low was swept and the price seems to be holding this level. I placed a stop loss below the previous wick low. #Bitcoin also has swept its HTF pivot low and is looking to move higher in the short...
Looking at the 15m and 5m gold timeframe we can see potential scalps going both ways here. Looking to scalp gold on the 5m timeframe, sells are looking a lot more probable for me but I wouldn't shy away from buys if we can see a break of the 1917.653 level, followed by a liquidity grab towards 1915.874.
GOLD took the SSL and react on a demand zone given a bullish engulf pattern hence expecting a possible bullish move bellow 1937.48 for liquidity grab at 1947.06 in to the supply zone, note that the supply might give a bit of retracement
Dear All, I have tried to capture a small price action scalp trade setup with options strike price 1 min time frame Price ACTION. Do correlate it with the trade plan that I have shared at Happy trading!
Another entry from the short term trading perspective. Previous entry was bang on, simply rinse and repeat here. Structure in tact, move down to retest the KL, previous fibb entry/ scaled position you can see here, minimised risk, currently sweeping daily lows, perhaps see a dip into yesterdays Value area low below 29175, currently tarting around in yesterdays...
hello dear trader this price action for GBP on 15 time frame ... these leveles draw with great attention... i am waiting for another Lower low for buy step one on GBP and sell it on the higher high (HH) in the chart.... after this wanna buy step 2 after pull back in supourt area ... stop loss need for any position good luck
MY POINT 5.96 risk reward entry price 1966.8 stoploss 1968.97 takeprofit -1953.23 Don't ask me why!!!
Looking at the daily timeframe we have had our push up for the day and are at a very critical level where we have seen price reject on the daily timeframe 26 (yes twenty six) times in the past. This is significant because it means there is a high probability of price rejecting this level and moving down, however, should we see price close above this level it...
there are two qml north and south of the price, I think the first one would be long trade and then short trade
Good evening gold gang .. its finally upon us. The new week!! Im excited to get back to business. Gold is now approaching a daily structure point where we can either start climbing up to the 1993 key level as i talked about last week .. or we break the trend and start coming back down. DXY in pull back phase currently but looks like it can turn at anytime...
It's more like Scalp trading. I don't usually do scalping, but here is a low risk, and you can enter with a small position .. nothing to add here .. trend line is broken. I'm waiting for a price to make a pullback, follow it wherever it goes, and remember to stop the trail. May all your position stop with a Take-profit. PS. Leave your comment and thoughts.
Hey guys, here is a simple setup for GBPJPY. Wait for the candles to close below the sell zone or buy zone. I am using the Stochastic RSI with settings of 14-3-3 to identify a fake out. Once the one hour candle closes below or above the zone, you can check if the Stochastic isn't oversold or over bought. If you have these confirmations, then you can take position...
1.272 Confluence with the D Point completion. AB=CD Harmonic to D point as extra confluence. I had 4 scalp postions from Swing C. Waiting on retest of C and Breakout to upside. Be Patient and watch for news!!!