Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 8.4% Reasons for Entry: Rejected the bearish TL, which lines up with a bearish 78.6% fib, oil also looks bullish. NZD index looks bearish. Reasons for SL placement: Above the recent highs and above the bearish TL, and at the 78.6% fib level. Reasons for TP placement: Good RR, right at the current...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6.4% Reasons for Entry: Showing rejection of a long term bearish TL, which also lines up with about the 61.8% bearish long term fib. Broke through a bullish CTL, and now looking to enter in on the retest of this broken TL which correlates with the 50% fib level. Reasons for SL placement: Above the...
Setup Timeframe: D Execution Timeframe: D Risk: 3% Reward: 9% Reasons for Entry: Right up against a very long term bearish TL, which also lines up with a long term bearish 61.8% fib level. French elections are coming up, so some additional risk, although I personally see the elections as causing nothing but weakness for the euro. Reasons for SL Placement: Above...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Broke through a bullish CTL, and also rejected a long term bearish TL for the third time previously. It then retested the broken bullish CTL and rejected off the 61.8% level, so now catching it as it's at the 50% fib level. Reasons for SL Placement: Above The 78.6% fib level and...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Broke through a bearish TL, and retested it and bounced successfully, so I have a bullish bias for the pair. Also just broke through a critical resistance level, and the retest of this level lines up with the 50% bullish fib. Also, the CAD index looks bearish, and AUD looks...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 8.9% Reasons for Entry: Broke through a major support zone, now on the retest of this support zone that lines up with a 61.8% bearish fib level. Reasons for SL placement: Above the 78.6% level and above the broken support zone. Reasons for TP placement: At the -0.27% fib extension level.
Setup Timeframe: Daily Execution Timeframe: 4H Risk: 3% Reward: 8% Reasons for Entry: Bounced off a bullish TL for the 3rd time, and broke through a shorter term bearish TL, and retested it which matched up with a 61.8% bullish fib level. Reasons for SL placement: Below the 78.6% level and below the bullish TL. Reasons for TP placement: Good RR, still below...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Broke through a support zone, and the 50% bearish fib lines up with a retest of that zone. As well as the 20 EMA and 50 EMA on the 4H chart descending and should provide resistance. Reasons for SL placement: Above the 78.6% fib zone. Reasons for TP placement: Slightly above the...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 7% Reasons for Entry: Broke through a long term bullish TL, now retracing, shorting it at the 61.8% fib level, as this also correlates with a b broken support zone. Reasons for SL placement: Above recent highs and above the 78.6% level. Reasons for TP placement: Slightly above the -0.27 fib extension...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Broke through a bearish TL after finding support at a strong support level, retesting this broken TL which matches up with ~ 50% bullish fib level. Reasons for SL placement: Below the trendline, and below the 78.6% fib level. Reasons for TP placement: Below the -0.27 fib extension level,
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Broke through a daily support, retesting it which aligns with about the 50% - 61.8% bearish fib zone. Reasons for SL Placement: Above the 78.6% level, and well above the broken support, and above the bodies of the recent high. Reasons for TP placement: A little above the -0.27...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6.8% Reasons for Entry: In a bearish trend, looking for it to bounce of the TL again which aligns with the 50% - 61.8% bearish fib zone. Reasons for SL Placement: Above the 78.6% level, above the bearish TL, and above some recent highs. Reasons for TP placement: Slightly above the -0.27 fib...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: In a bearish trend, bouncing off the bearish TL, which aligns with the 61.8% bearish fib level. It also recently broke and retest a strong support level, which adds to the bearish bias. Reasons for SL placement: Above the 78.6% level, and above the bearish TL. Reasons for TP...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6.4% Reasons for Entry: A long term H/S pattern, with clear rejection of the right shoulder with the wicks. This gives the bearish bias, and then it broke through and retested a bullish TL on the 4H chart, and the retest aligned with a 50% bearish fib. Reasons for SL Placement: Above the 78.6 fib...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: Respecting a bearish TL, rejected the 61.8% fib level, currently at the 50% fib level, so still a good entry point. Also bumping up against the 20 and 50 EMAs on the 4H chart. Also, pair seems to have formed a H/S on the 4H chart. Only issue will be with this support area that is...
Setup Timeframe: 4H Exeuction Timeframe: 4H Risk: 1.81% Reward: 4.6% Reasons for Entry: Touching a bullish TL, with a long term bullish TL below it, both which should offer some support. This trade is somewhat based on the NFP news tomorrow, thus the small risk. Reasons for SL placement: Enough room for the news to cause a whipsaw, also below the long term...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 3% Reward: 6% Reasons for Entry: In a clear bearish channel, forming a descending triangle pattern which is bearish, looking for it to come back up and touch the bearish TL again, which matches up with the 50% fib level. Reasons for SL placement: Above the 61.8% level, and above the TL. Reasons for TP...
Setup Timeframe: 4H Exeuction Timeframe: 4H Risk: 3% Reward: 6.4% Reasons for Entry: In a bearish trend, retracing back up to the 61.8% level, plus the 4H 50 EMA and 4H 200 MA. Reasons for SL placement: Above the 78.6% level, and above recent wick highs. Reasons for TP placement: Good RR, also in line with a previous swing low in the beginning of March, which...