CADSGD trade ideas
CADSGD 4h AutoUFOs™ Trade Alert! 24 May 2019Execution:
Sell Limit @ 1.0260
Protective Stop Loss @ 1.0285
Take Profit @ 1.0185
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD 4h AutoUFOs™ Trade Alert! 24 May 2019Execution:
Sell Limit @ 1.0260
Protective Stop Loss @ 1.0285
Take Profit @ 1.0185
Rationale:
Sell Un-Filled Orders (Red UFO) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CAD/CGD: Daytrade-Setup!Hey tradomaniacs,
welcome to another free signal!
Important: Risky trade against the impulse. A retracement is very likely! Wait for the break above the trendline and place your oder!
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Type: Swingtrade
Buy-Stop: 1.01128
Stop-Loss: 11.00823
Target 1: 1.01400
Target 2: 1.01700
Targt 3: 1.01943
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LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
CADSGD Long3 Signals fired here today. Counter signals most likely are coming from down day with heavy rejection.
So 2 ways to read this trade right now. Counter trend but early to reversal. If all 3 signals are false on this trade then have to re-analyze signals and re-tool indicators for this algo.
Backtest has 100% win rate on this pair with only 2 trades.
Negatives:
Against GUPPY trend
CADSGD: Quick sell opportunity.The price has been trading within a very steady 4H Channel Down (RSI = 31.405) on a slow pace (MACD = -0.003, Highs/Lows = -0.0034, BBP = -0.0087). This creates the condition for a quick short profit on a 1:1 RR with TP = 0.99800.
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