A short position taken on NZDJPY for +2.25% (half risk) and also a long on EURUSD resulting in a -1% loss that should not have been taken. Fully explained in the recap of my thought process after the trade and also how holding composure after a win is key.
GBPJPY was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel. Currently the price is forming a local support around 181.80 region. Will the bulls take charge again continue for leg higher? What you guys think of this idea?
As we can see that the spell made a good outbreak from the trendline and retest it successfully. Now I am hoping it could give 15% from this point. Total profit will be of 8% where the SL is only 4%.
XRPUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel. Currently the price is forming a local support around 0.5070 region. Will the bulls take charge again continue for leg higher? What you guys think of this idea?
USDJPY was trading in bullish structure till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline. Now the price is retesting the broken trendline and broken support level. it seems like the sellers can attack again this bearish confluence. If the sellers takes charge again, the next...
EURCAD is trading under the declining trendline and break through Support and closed below this zone. now the price perfectly retest of broken level at 50% fib retracement level. Will the sellers attack again and send the price to 1.4160 level? What you guys think of this idea ?
UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline. Now the price is retesting the broken channel and broken support level with strong bearish divergence. it seems like the sellers can attack again this bearish confluence. If the...
GBPJPY is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone and also has given the retest of broken level which is also the 50% fib retracement level. If the sell momentum continues the next target could be 180.500 region. What you guys think of this idea?
AUDUSD was trading in bullish parallel channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending channel. Now the price is retesting the broken channel and broken support level. which is also the 50% fib retracement level. it seems like the sellers can attack again this bearish...
OPUSDT is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now the retest of the broken level is highly possible, which is also the Fib retracement level. If the sell momentum continues the next target could be 1.210 region. What you guys think of this idea.
Explanation within the chart - entry could have been better. Going for a 2RR
EUR/USD -EUR/USD take out liquidity from previous protected low -Still shifting in a bearish direction
Market structure was clean, clean traffic to the left. Every rule / confluence was met - great RR and great RT to EMA on HTF and entered TF - however took a chance on price action as the entered bearish engulf was 50% body & wick.....then trade is invalid !!
EUR/USD -Still showing us that wants to move lower (shifting bearish) -EUR/USD broke previouse PROTECTED HIGHER LOW (that can potentialy mean that we will be bearish in a long run or a htf trend direction is changing) -Stay with the trend -Look for confirmations on ltf
Hey traders, In this analysis, we just have to follow the movement IMPULSE-CORRECTION-IMPULSE. Which is currently playing out and now we are currently at the correction phase of the structure. ANTICIPATING A SELL: we need to see more selling pressure.
It is crucial to have a good grasp of how to interpret the market before making any trades. Although the current pound dollar movement leans towards bearish, the weekly chart indicates a positive trend. To capitalize on this, trend traders should sell, while counter-trend traders can take advantage of a shorting opportunity at 1.2317. The buy zone lies...
NSE:TEJASNET gave a breakout of Symmetrical triangle and now there is retest.
A+ Setup !! combination of both my plays - RT with broken support zone and a 38.2% RT !