The dollar does seem to be relaxing, I see the break out of the descending trendline.
Ideally, we wait for the pullback to hit that 50% Fib level to go long. Almost a 2.5:1 Risk Reward.
The trade is technically sound. Let's see how it plays out.
I see an "Ascending Triangle" on this daily chart, PLUS given the recent economic news in regards to the Bank of Japan.
I am long this pair.
I actually just started an FTMO challenge today, this is a trade I have taken in the account. I will keep you posted on the challenge.
1% Risk | 2:1 RR
I break down where I see price action struggling to make new highs.
I also step back and point out a very sizable "inverse head & shoulders"
These pattens could take months + to play out - if they do.
1% Risk happy trading.
A buddy nudged me about this idea, and I do see downside for ETH.
That is a significant trendline that price has broken, now PA is below the EMA's with a classic "Bear Flag" on the 1H chart.
In theory; the height of the flag pole should break to the downside at an equal distance. - in theory -
It is important to mention, the engulfing candle.. a classic...
Given the breakout of gold to the upside, this recent daily candle showing some clean rejection, I see upside on Gold, this being a sound entry.
I am a perpetual "Gold Bull" full disclosure.
1% Risk 2:1RR.
My trade idea outlining a short on BTCUSD.
All details laid out in the video, excuse my voice... a little under the weather.
Good luck out there "Mooners";)
-just having fun guys.. relax my trading brethren.
I see a great opportunity to short the AUDNZD, especially to a half risk or break-even situation.
Idea laid out here.
1% Risk 4:1 RR
I would start taking profits sooner than 4:1 of course, but there is room to run on this trade.
This is a Monthly chart, kicking off 2022 may be a rocky road for some.
This is a "shooting star" on a monthly chart with bearish divergence highlighted.
Price has yet to "revert to mean" for such a long time.
1% risk 2:1RR
Welcome to December!
I have spotted a short, continuing on from my short call back in April. (yup, that long ago)
Price has broken below level making me think further downside.
I have broken the chart down here.
1% Risk 2:1 RR