Regular ABCD PATTERN, for daily & 4hr charts to the below trendline. *see image
Yes, here is +100 pips profit. So with this i published a total of +170 pips *valid for x50 leverage (Please check related idea for P17003 entry) * my published ideas are nothing but a blog for myself only and might not be suitable for you and for your capital.
Taking +35pips profit for P17002 short. (see the related idea)
I quite didn't like the moves so i am good with +35 pips and tp for the position.
On the break of the downtrend line I am pretty comfortable in taking partial profits on the BatPattern completion. Hedging for a short day trade and then building again for the upside. Trading plan is important but I also believe in active trade management!
We have a high probability of a long position, but first we are waiting the broke of 1.08400 then we can open the order. TP:1.11300 SL: 1.06800. Good luck for everyone :).
To this time, we can't do anything in this Pair GBPJPY 0.02% , after breaking the support rectangle in red, we can be short with a TP:128:000 and SL:140 000. LONG TERME TRADE :) have fun and Good luck to everyone.
We have a very high probability for a short trade in USD/JPY, TP 108:000 SL: 112:000
Bad data from Germany, could drop the index, tomorrow the most important data is German Industrial Production (MoM) (Jan)
Price broke bullish trend yesterday. Today have broken key support level. We can project that movement till first support. Then, if price brokes that support, movement will continue till the second support.
FX:EURAUD As expected after falling back inside the familiar range the rate pulled back to test the upper boundary and turned around right on the spot at 1.4470. (watch the video on full trade idea here ) As I have closed a part of my initial position and my stop's at break even - I will be looking to scale back in the trade. I will be looking for a pullback...
BP has rallied into resistance at around the 500p level. This is probably a call to take a bit of profit rather than initiate a speculative short. Medium to Long term we are a fan of the oil majors.
i find 2 wolve waves in Aussie/Swissy 3H chart . It's time for short!!!
Might be a good time to take profits from CL long trades. Price hit Resistance at 51.80. For the BOLD trader, Countertrend SHORT trade entry on CLOSE below 50.90
Price is currently testing the top of a channel, stochastics confirms that the price might bounce and head lower... thoughts?