Greenred

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About me Price action trader. The power of Engulfing Candle!
Joined Lithuania
Markets Allocation
100 % forex
Top Mentioned Symbols
GBPJPY 25% | 1 AUDUSD 25% | 1 GBPUSD 25% | 1 EURUSD 25% | 1
Greenred Greenred AUDUSD, 240, Short ,
AUDUSD: Possible short trade on AUDUSD 4h chart
17 0 0
AUDUSD, 240 Short
Possible short trade on AUDUSD 4h chart

Two trades first risk reward - 1:1 second - as far as it goes until we get an engulfing opposite candle on 4h chart. stop loss - 0,81640

Greenred Greenred EURUSD, D,
EURUSD: EURUSD daily possibilities
82 0 0
EURUSD, D
EURUSD daily possibilities

Chart says it all, just waiting for the market to go to any of two areas. After it touches I am looking for an engulfing candle on 4h chart. Stops go above or below previous (before engulfing) candle wig. 113460 is a good place to take profits from the first trade since this area worked great as a resistance.

Greenred Greenred GBPJPY, 240,
GBPJPY: Engulfing bearish candle on GBPJPY
37 0 0
GBPJPY, 240
Engulfing bearish candle on GBPJPY

We have an engulfing bearish candle on 4h chart on daily support and resistance zone. ~70% chance of going down. FIrst target to the last price action zone Keep the second trade as long as you get englufing bullish on 4h chart

Greenred Greenred GBPUSD, 240, Long ,
GBPUSD: GBPUSD Long on 4h
122 0 1
GBPUSD, 240 Long
GBPUSD Long on 4h

We broke the previous resistance zone and now it becomes support. It can come back to retest the zone, so stops should be below that zone. Fist target - 1:1 risk reward, or the resistance zone 1,52370 which gives risk reward 2:1 Once first target taken the stop of second trade goes to break-even and we keep the movement as far as it goes until we get an ...

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