About meHi there! I am a technical forex and stocks trader but also use technicals to enter stock investments for long-term. I like trading advanced pattern formations and structure as well as price action around structure.
Joined 2 years ago
If we break the neckline there are three potential spots we could move to, pick your preferred target. We could even go to pre-Brexit levels. Personally I would wait for a break and close below the neckline and then sell a move back into the neckline.
It might a bit early to call this but better having something on ...
We had an inside bar last week and broke out to the upside on Monday, only to get rejected. Today we have seen the break of the opposite of last week's inside candle. Now a strong move to the downside can be expected - I suggest targets around structure at 112 or the 38.2 fib retracement. Aggressive traders could ...
This set-up is a short 2618 trade but since the market was so kind to give us a triple top instead of only a double top, I call it 3618. Enter short from the 61.8% retracement at 1.02341 for a move back down to previous lows.
Sell above 1.0484 for the ride down to recent structure lows. Even better R/R available at current market prices as we put in even a third top and bounced off. Furthermore, we have a trendline resistance helping to protect the upside.
After having several trades saying "hi" to my TP and then turing around to hit SL, this trade reminded me to not taking profits early and rewarded me for not doing so. Market tried three (!!) times to hit TP but also faced trouble at the highs of the range so I first moved SL to X after the second try and after the ...