FriesianFX

FriesianFX

Looking at this potential set-up in the coming hours, price looks like it may retest the recent lows before creating a new high. ADP and NFP means volatility all week so small positions as always!

FriesianFX

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FriesianFX

Looking at taking a long on GBPJPY when the candle breaks this recent resistance. depending on price action we may move the stop loss to below the previous wick, however as it currntly looks there doesn't seem to be strong indication of a lower low.

FriesianFX

Took a sell position here, not much to explain other than a breakdown of this high range the price has been languishing in for the past few candles

FriesianFX

We have seen support form, we are now looking at taking buys potentially on the close of this 30 minute candle with expectancy of price turning bullish.

FriesianFX

Shorting at this level due to price strongly showing bearish momentum to continue

FriesianFX

Gold long taken off of the 1749 level we have seen tested consecutively over the past, price consistently failing to break below this which sets us up for a nice buy here

FriesianFX

If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)

FriesianFX

Very very small risk here, but I've taken a buy here based on the candle pushing past previous resistance and should it close above the wicks to the left I will be happy to hold. Risk management important as always, watch out for any curveballs thrown and take it easy. It is a FRIDAY and they are always unpredictable.

FriesianFX

Short taken on open of NY open, this is due to high volume and breakdown in price favourably to where we want

FriesianFX

Potential area to go long here. PLEASE NOTE comments made in last post in regards to price action and trade invalidation. It is a Friday, be extra cautious!

FriesianFX

Follow up idea with an update explaining what the trade situation was as I have received a few messages asking what should have been done. So as we can see, the candle after the trade idea had been posted saw a bearish close, and then another bearish close. We will look only at the first bearish close. This trade becomes invalidated BECAUSE the candle that BROKE...

FriesianFX

Good Morning, to keep it short and sweet, we are looking for buys on the break of the previous candle high. I am taking a buy here in this scenario due to London open, HOWEVER, London Open is always a volatile and sometimes nonsensical time in terms of how the market will react. We need to play this carefully so don't risk too much. IT IS A FRIDAY! TAKE IT EASY...

FriesianFX

If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)

FriesianFX

The way this candle closes will be important. I will update this as we progress. If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)

FriesianFX

This is the time to manage risk, we are up a good 40 pips so we close 80% of the position, move stop loss to break even and let the rest run. This is free money so any profits is a bonus from this position, if we get stopped out we don't lose money, maybe even a little profit if you move it above the entry point.

FriesianFX

Looking at a potential buy from this break of structur, as we can see price meets strong resistance at this level, I'm expecting this last level of resistance to fall before we can see a move up. Leave thoughts below and don't forget to leave a like if you like it :)

FriesianFX

This is a potential Long idea, this would be taken based on price action at the time and momentum. I like this setup and with the correct risk management this can be a really good trade to take. I will post updates as we progress.