I'd taken profits on this early, however looks like would've been a perfect setup!
Used the daily timeframe to judge a movement, recently the daily candles have been very simple, but large. I will possibly look to open a buy once it hits a certain level - I need to figure out which level this is.
Double top, catching the drop. TP1 at equal to SL, maybe my SL is too tight, may have to readjust if gets close.
Many USD pairs are weak due to recent economic news and following a technical analysis, I decided to open a short. TP1 equal to SL
First time trying this kind of trade in terms of the type of chart patterns, I have a TP at .780, if hits I will make other position risk free. I may look to open a short once hits final TP.
This NZDUSD trade looks to be working out, ended up cashing out due to getting scared of a fluctuations. I really should of tried to judge where the fluctuations should be, as my first TP at .450.
Following previous chart patterns I think will drop but will watch closely due to other candles which could suggest a long. Currently sat nicely in profit.
Potential EU short, hopefully dropping due to the failure to break resistance again, however my SL maybe too short looking at previous candle touching where my SL currently is after 7-8 candles. 1st risk free TP is at 1.05670. Lets see how it goes, currently jumping into profit. Will re-evaluate when I get home :)
Recovering some losses earlier, 1st TP already hit, and 2nd position feeling very bearish.
Following previous market patterns and data, it has struggled to break a resistance area(circled area). Hopefully seeing a drop soon.
AUDJPY, starting to enjoy trading this pair regularly as patterns seems to follow rules and past history. Will probably see a lot more of it being traded in future.
As we've seen, eu has failed to break its resistance points, the two peaks of the first two highlighted circles. I haven't actually opened this trade, as I'm finishing for the day!
Opportunity spotted like most of my trades, through a double bottom, failing to break a resistance line and following previous market patterns.
Using past history, should see opening candle of trade or next candle dip into SL area, so no worries if it does, as it has be pre-determined. Then following previous patterns, should drop down after failing to break resistance.
Failure to break a level of resistance for a fourth time. Been a slow day so far, so struggling to find entries in the markets.
Opening my first position based on analysis of the 4h timeframe, I would typically trade on the 15m, however with more potential for pips and a better skill set, I've decided to give it a go. I've used the same principles, however lets see how it goes!
Hopefully going to try and catch the short on EJ, following previous patterns. Trying to recover some losses after being wrecked by GJ whilst scalping. :)