Pay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and...
The pair is currently forming a flag continuation patter therefore I'm interested towards buying. All the details are on the chart Entry @ 111.735 (Buy Stop) Stop @ 111.486 TP1 @ 112.030 TP2 @ 112.146 Disclaimer: For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be...
As highlighted on the chart I do believe the pair is currently forming a 4th wave Expanding Flat correction, therefore we could see one more wave to the downside when the price enters the 1.1880-1.2017 region. Now bear in mind I will not sell (market execution) as soon as the price enters that area, no. I will set a sell stop as soon as it enters it instead...
Entry @ 1.0953 (BUY STOP order) Stop loss @ 1.0933 (20 pips) Target @ 1.0986 (33 pips) Risk-Reward = 1.65 Disclaimer: For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to...
Entry @ 1.5050 SL @ 1.5095 (45 PIPS) TP @ 1.4965 (85 PIPS) RR = 45/85 = 1.89 Disclaimer: For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the...
The pair is currently forming a descending triangle and there's enough evidence making me believe it could be retesting the 1.1200 psychological level which also happens to be a long-term POC. The underlying trend for the past months has been towards the downside. According to one of the tenets of Elliot Wave, which states that Triangles tend to precede the...
Just like the title suggests I will be tracking the UK100 futures live throughout the day with updates regarding entries, stops, targets etc. Make sure to stay tuned and pay attention to the updates. Like and comment if you find this helpful. Disclaimer: For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a...
All the technicals are on the chart, no need to say much. My targets are also displayed. Also note how the the H&S is less than 1/3 of the total distance of the uptrend therefore there is tons of upside to reverse. The ideal strategy for this kind of setup, in my opinion, would be to set sell stop orders below the neckline. If the analysis proves to be right...
The pair has formed a 15m bear trend bar while at the same time breaking through the trendline of what I believe is a simple ABC Zig-Zag corrective pattern. I expect it to come into the 0.5 - 0.618 region which is the retracement of the Swing i - v, before resuming higher up until the 1.1800 which sits as major resistance. Stay tuned for the updates below as I...
Looking to catch a measured move all the way up to the 1.1719 level. Price has already made an impulse and it seems like it's simply consolidating now preparing for the next push up, judging by the direction of the previous impulse. My personal details BUY STOP @ 1.1680 STOP LOSS @ 1.1650 (30 PIPS) TARGET @ 1.1719 (39 PIPS) RISK-REWARD = 1.3 For risk and money...
Stay tuned for the post updates below for when I will be entering the market, whether Long or Short. -At the moment price has broken below the Tokyo Stock Exchange range (03:00-09:00 GMT +3) -Price is well below the Daily point of control so we could be seeing a move all the way back to that level and find an opportunity For risk and money management purposes,...
Prices has formed an Inverse H&S and is now at the POC where it may start accumulating orders for the reversal to the upside. My personal details: Buy Stop @ 1.15645 SL @ 1.1557 (7 pips) TP @ 1.15850 (21 pips) RR = 3 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be...
Goodmorning all, For today: 1) Price broke above the TSE range, unfortunately missing the buy setups on the lower TFs such as 1m and 5m. Price is now showing some weakness at the top. 2) Price is above all 3 Moving Averages as well as POC, however I do expect price to come back down for a retest which is why I am biased towards short setups 3) Major resistance...
Goodmorning all, This is a new thing I'll be trying out as far as posting on tradingview goes so that I can stay a bit more active. Now, I mainly trade the 1m and 5m timeframes so it's not possible to make a post with those timeframes. Therefore what I will be doing is post a raw 15M chart, analyzing the indicators, price etc and in the updates section below I...
Intraday buy opportunity of the zone highlighted between the 61.8 and 78.6 Fib retracements. The price looks like is within a fractal consolidation which is why I believe there could be another minor push to the upside. The overall trend is a downtrend which is why close monitoring must be applied to lock in any profits that are made. Will be updating along the...
The pair has potentially completed a 5-motive wave sequence, and I say potentially for the reason that we still cannot say with 100% certainty that wave 5 is over. It has given a topping formation (double top) as well as a strong lower low - lower close candlestick last week which could be signaling the start of a pullback / correction. My potential...
In my opinion the pair is now in consolidation mode from yesterdays' impulses which is why I am expecting on more push to the upside all the way up to the 1.1835 level. I am anticipating the pair to start moving sideways upon retesting yesterday's POC (which also confluences with the 0.5 / 0.618 retracements) before initiating the move up. I will be looking for...
Price is at the POC showing signs of volume accumulation. Judging by the prior impulse I expect one more move to the upside and potentially retesting yesterday's POC. Furthermore the price has formed an Inverse H&S which I will not indicate because of over-cluttering. Those who know will see it. My personal details: Buy Stop: @ 1.1763 SL: @ 1.1740 TP: @...