Setup Timeframe: Daily Execution Timeframe: 4H Risk: 2.74% Reward: 7.65% Reasons for entry: Showing rejection of a daily/weekly resistance zone, could see strong downside movements. Reasons for SL placement: A healthy amount above recent highs, looking for an area where it wouldn't be a good short anymore. Reasons for TP placement: Looking for a healthy risk...
Setup Timeframe: 4H Execution Timeframe: 1H Risk: Reward: Reasons for Entry: Bouncing off the 50% fib level, shows good rejection of this level and pivot level on the hourly chart. Reasons for SL placement: At the 78.6 fib level Reasons for TP placement: At the -0.27 fib extension level.
Setup Timeframe: D Execution Timeframe: 4H Risk: 2.87% Reward: 6.79% Reasons for Entry: At the top of a daily bearish TL, shows good rejection on the 4H chart, and is at the weekly 200EMA coming up from beneath. Reasons for SL placement: Good room above the TL and the rejection zone on the 4H chart, gives it room to move and for noise. Reasons for TP Placement:...
Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.85% Reward: 6.76% Reasons for Entry: Showing rejection of the 61.8% bullish fib, and broke through a bearish channel, and now has retested and bouncing back up off that channel line. Also USD looks weak across charts. Reasons for SL Placement: Below the 78.6% level, below 1.05758 where there was some...
Setup Timeframe: D Execution Timeframe: 4H Risk: 3.163% Reward: 5.69% Reasons for Entry: At a very strong level of support that once was resistance. Also, technicals are showing dollar weakness across other pairs and in the DYX. Not the best entry however. Reasons for SL Placement: Below the support level, and giving room for any wicks based on news...
Setup Timeframe: 4H Execution Timeframe: 1H Risk: 3.08% Reward: 6.47% Reasons for Entry: Rejection of 50% fib level, then rose a bit, but failed to make a HH. This 50% fib has held as a top multiple times over a long period. Reasons for SL Placement: Above 50% level, and above the wick highs. Reasons for TP Placement: Pair has a long way to drop if it starts a...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 1.59% Reward: 2.79% Reasons for Entry: Rejected the 61.8% fib level, and the 200 EMA on the 4H chart. Also broke through and closed below the bullish CTL. Reasons for SL placement: Above the 78.6% fib level, and above the noise/wick area of the 61.8% rejection zone. Reasons for TP placement: The -0.27 fib...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.86% Reward: 4.06% Reasons for Entry: Bouncing off a bullish 61.8% level, also did break through a bearish TL recently. Reasons for SL Placement: Below the 78.6% level. Reasons for TP Placement: At the -0.27 fib extension level.
Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.92% Reward: 3.98% Reasons for Entry: See it retest to a broken resistance level then bounce back up. Reasons for SL placement: Below the pivot level, and below the previous resistance level , and below the noise. Reasons for TP placement: Slightly below the R1 level, and also around the previous tops.
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.64% Reward: 5.80% Reasons for Entry: See it retest to a broken resistance level then bounce back up. Reasons for SL placement: Below the pivot level, and below the previous resistance level, and below the noise. Reasons for TP placement: Slightly below the R1 level, and also around the previous tops.
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.165% Reward: 4.28% Reasons for Entry: Showing rejection of close to 50% fib level, and 4H pivot level, and retesting recent broken support. Reasons for SL placement: Above the 61.8% level, above the previous broken support. Reasons for TP placement: Right above the -0.27 fib extension level.
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.65% Reward: 5.08% Reason for Entry: BRC of the bullish TL, also clear rejection of the 50% fib level. Reason for SL Placement: Above the 61.8% level, above the broken TL, and above noise. Reason for TP Placement: Between the -0.27 and -0.61 fib extension levels, price has a lot of room to move down after...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.55% Reward: 5.14% Reasons for Entry: Retracement back to the 50% fib, looking to get in at the end of the C leg. Also recently broke a resistance line turned support, so bullish bias. Reasons for SL placement: Below the 78.6% fib and below the noise. Reasons for TP Placement: Just below -0.27 fib extension...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.34% Reward: 4.02% Reasons for Entry: Bouncing off the daily 61.8% level, and the R2 level. Shows good rejection wick of these levels. Reasons for SL placement: Above rejection wick. Reasons for TP placement: Above the 50% fib level for a bullish retracement, could be too small of a TP, will evaluate if trade...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.68% Reward: 5.78% Reasons for Entry: Rejection of 50% fib level and previous broken resistance, didn't quite get the entry at the end of the C leg, but still good. Also, there was an inverse H/S pattern recently. Reasons for SL placement: Below 50% fib level, and below previous broken resistance now turned...
Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.72% Reward: 9.88% Reasons for Entry: At the top of a bearish trendline, showing rejection. Also in the zone between the 50% and 61.8% fib level. Reasons for SL placement: Above the trendline, above the 61.8% level, and above the rejection wicks. Reasons for TP placement: Near the previous bottom. Note: Could...
Set up Timeframe: 4H Execution Timeframe: 4H Risk: 2.84% Reward: 5.43% Reason for entry: Rejection of area between 61.8% and 50% fib level. Reasons for SL placement: Above previous support level and above 78.6% level. Reasons for TP Placement: slightly above the -0.27 fib extension level.