CherryLava

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About me I enter late most of the time. 3 years into trading. Just simple setups for this beginner.
Last visit Joined 2 years ago
Will people just stop recycling trade ideas? They don't even know the one who started that idea inthe first place just got stopped out 2 hours ago and people are still hoping for that same setup.
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 11% | 3 USDCAD 11% | 3 EURJPY 11% | 3 AUDJPY 11% | 3
CherryLava CherryLava EURJPY, 240, Short , 2 years ago
EURJPY: Pierced 400 EMA and 200 SMA effortlessly
54 1 0
EURJPY, 240 Short
Pierced 400 EMA and 200 SMA effortlessly

2 potential ab=cd patterns that bounced off their 61.8% fib retracement. PA just oblivious to 400 EMA and 200 SMA, Did bulls just suddenly go extinct? I know initial target 1 p/L ratio is 1:1 but I have a bigger target in mind, we'll see when I shell off half of my position and move SL to break even.

CherryLava CherryLava GBPUSD, 240, Long , 2 years ago
GBPUSD: Elliot Wave  #3 might form
64 1 2
GBPUSD, 240 Long
Elliot Wave #3 might form

Trying to look for long entries based on ab=cd minimum projection. Also there's a 50% retracement last impulse wave, Im guessing it will also retrace 50% this time as a clone making elliot waves 1 and 2.

CherryLava CherryLava AUDJPY, W, Long , 2 years ago
AUDJPY: Could it really be this simple?
40 0 1
AUDJPY, W Long
Could it really be this simple?

Retracement to 50% fib then up. The price has been doing this twice already.

CherryLava CherryLava GBPCHF, 240, Short , 2 years ago
GBPCHF: 50% to 60% Retracement  target
26 3 2
GBPCHF, 240 Short
50% to 60% Retracement target

Can't see any pattern but price seems to get repelled by 1.27 so I'm assuming this is a hard resistance retested already. Hoping for at least a 50% retracement.

CherryLava CherryLava USDCAD, 240, Long , 2 years ago
USDCAD: Scalping a Scallop
65 1 1
USDCAD, 240 Long
Scalping a Scallop

It might violate the 1.27 projection from BC leg. Most probably hit the 1.6 fib today.

CherryLava CherryLava EURUSD, 240, Short , 2 years ago
EURUSD: New targets for short position
74 2 2
EURUSD, 240 Short
New targets for short position

Looks like a bullish AB=CD pattern is forming. Limiting my short position and decreasing targets

CherryLava CherryLava GBPNZD, 15, Long , 2 years ago
GBPNZD: Ascending triangle
34 0 1
GBPNZD, 15 Long
Ascending triangle

Could be a false breakdown on the trendline. Looks like a retest of the support.

CherryLava CherryLava EURCAD, 240, Long , 2 years ago
EURCAD: bullish gartley + Pennant
34 1 1
EURCAD, 240 Long
bullish gartley + Pennant

Waiting for a breakout. Upward momentum looks strong.

CherryLava CherryLava NZDJPY, 15, Long , 2 years ago
NZDJPY: Bullish bat
34 1 1
NZDJPY, 15 Long
Bullish bat

If price crosses the red line, going long.

CherryLava CherryLava EURUSD, 240, Short , 2 years ago
EURUSD: Crab Pattern
60 1 2
EURUSD, 240 Short
Crab Pattern

Looking to complete the final leg D.

CherryLava CherryLava AUDJPY, 240, Long , 2 years ago
AUDJPY: Resistance reversal
21 0 1
AUDJPY, 240 Long
Resistance reversal

Pinbar anyone? Caution to bears. Just practicing ....I don't trade complicated stuff.

CherryLava CherryLava GBPNZD, 15, Short , 2 years ago
GBPNZD: Hitting a hard resistance
52 0 1
GBPNZD, 15 Short
Hitting a hard resistance

Caution to bulls. I'm not really trading this one. Just not following the bullish channel.

CherryLava CherryLava AUDUSD, 15, Short , 2 years ago
AUDUSD: Bearish ABCDE after 5 waves
102 0 2
AUDUSD, 15 Short
Bearish ABCDE after 5 waves

Hoping to pop down and continue the previous trend.

CherryLava CherryLava EURJPY, 240, Long , 2 years ago
EURJPY: Another Target: Untested Resistance
27 0 1
EURJPY, 240 Long
Another Target: Untested Resistance

Bounce up. S/R lines drawn exhaustively

CherryLava CherryLava USDCAD, D, Long , 2 years ago
USDCAD: Trying to Reach 4 month resistance level
36 0 1
USDCAD, D Long
Trying to Reach 4 month resistance level

Flat ABCD pattern.

CherryLava CherryLava EURJPY, D, Short , 2 years ago
EURJPY: Countertrend Scalp
36 1 1
EURJPY, D Short
Countertrend Scalp

Upward momentum slowing down, price might retest a support area.

CherryLava CherryLava USDNZD, 15, Short , 2 years ago
USDNZD: Quick Scalp using Downward Momentum
19 0 1
USDNZD, 15 Short
Quick Scalp using Downward Momentum

Risk reward looks nice enough.

CherryLava CherryLava USDJPY, 240, 2 years ago
USDJPY: Completing a Bearish Bat
40 0 2
USDJPY, 240
Completing a Bearish Bat

Risky long position because of the bullish momentum, when momentum fades, going short after pattern completion.

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