Renforex

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Markets Allocation
100 % forex
Top Mentioned Symbols
FX_IDC:EURUSD 26% | 22 AUDUSD 15% | 13 EURGBP 13% | 11 FX:EURUSD 12% | 10
Renforex Renforex EURGBP, 30, Long ,
EURGBP: Continuation Long - EURGBP
149 0 7
EURGBP, 30 Long
Continuation Long - EURGBP

Check the related idea. Looking to hit 2nd TP with this. Posting now because the conditions now meet, but I posted the screenshot update for this in the previous idea.

Renforex Renforex GBPNZD, 15, Short ,
GBPNZD: GBPNZD Short term sell
46 0 7
GBPNZD, 15 Short
GBPNZD Short term sell

Stops above top red line.

Renforex Renforex EURGBP, 30, Long ,
EURGBP: EURGBP - Long position
232 5 10
EURGBP, 30 Long
EURGBP - Long position

Looking long from here. First TP at the arrow target, 2nd should be manually closed within the target box. Ideally at the upper end. Adjusting SL when first TP hits is always a good idea. Break even or similar, to lock in a profit.

Renforex Renforex EURUSD, 120, Long ,
EURUSD: EURUSD - Triple Whammy
270 1 12
EURUSD, 120 Long
EURUSD - Triple Whammy

Please see related idea for more insight. Many pips made so far with these moves recently. This is what I like to call a triple whammy. 1) The gap must be filled 2) Retrace is due. 3) Previous support should be tested as resistance. The combination of these factors allows us a better understanding of WHEN the price is likely to reach our target. Which makes ...

Renforex Renforex EURUSD, 120,
EURUSD: EURUSD - Mind the gap
171 2 8
EURUSD, 120
EURUSD - Mind the gap

If you look at my previous related idea, you will see we are waiting for a break down to short (ideally) and have made some nice pips so far. We are now expecting this gap to close first... (I don't like selling/buying breakouts when a gap remains inside the structure) You may want to buy this here with SL below the red structure. Or you may want to wait until ...

Renforex Renforex EURUSD, 120, Short ,
EURUSD: EURUSD Looking to sell
357 0 11
EURUSD, 120 Short
EURUSD Looking to sell

Waiting for the sell. For anyone who talks to me on other platforms/IM, you will know I will have many positions open on this pair that have no relation to this idea because I mainly trade 2min time frame with algos and barely have time to manually trade these days... But nonetheless I still draw charts in the mornings when things look interesting out of habit ...

Renforex Renforex EURUSD, 120, Short ,
EURUSD: EUR USD - Short - 2H
373 6 11
EURUSD, 120 Short
EUR USD - Short - 2H

Taking a short here. Will post screenshot updates with more info when I have the time

Renforex Renforex NZDUSD, 60, Short ,
NZDUSD: NZD USD - Purple lines tell us what to do
215 4 8
NZDUSD, 60 Short
NZD USD - Purple lines tell us what to do

Yummy yummy pips. Give me more pips, cried Ren

Renforex Renforex GBPJPY, 60, Short ,
GBPJPY: GBPJPY - Short
203 4 8
GBPJPY, 60 Short
GBPJPY - Short

I don't trade GBPJPY much, but this looks nice to me. Of course... this could be the exact opposite. It all depends on these purple lines.

Renforex Renforex EURUSD, 120, Short ,
EURUSD: Sell upon break - EUR USD
854 10 24
EURUSD, 120 Short
Sell upon break - EUR USD

I have a buy position open right now, but mainly waiting for the sell signal. Breaking the red line is a clear sign that we will continue moving down the current bearish channel.

Renforex Renforex EURUSD, 60, Short ,
EURUSD: EUR USD - Short - Channel
355 1 15
EURUSD, 60 Short
EUR USD - Short - Channel

Putting a small position on here. If we break convincingly above .5 (midway) in channel, then look to close the trade. See related ideas for some of previous trades.

Renforex Renforex EURUSD, 60, Short ,
EURUSD: EUR USD - Same short, different channel
233 3 13
EURUSD, 60 Short
EUR USD - Same short, different channel

It's always good to have different versions of the same trade to confirm your ideas.

Renforex Renforex EURUSD, 60, Long ,
EURUSD: EUR USD Almost Selling Time
611 9 24
EURUSD, 60 Long
EUR USD Almost Selling Time

Looks like we are approaching a good place to sell. If the top of this channel breaks, then the top purple line will be the selling point.

Renforex Renforex EURUSD, 60,
EURUSD: Small long for small pips - EUR USD (not safe trade)
103 0 10
EURUSD, 60
Small long for small pips - EUR USD (not safe trade)

Last short made some good profits. Looking to squeeze some pips out while we wait for more short opportunities. I would say if the purple structure breaks down then continue shorting it. Maybe some call this scalping. I forget :)

Renforex Renforex EURUSD, 60,
EURUSD: EUR USD - As if nothing happened
217 0 15
EURUSD, 60
EUR USD - As if nothing happened

So we are back to where we were on Tuesday. A break of the black trend line is my entry to sell. A convincing bounce is my entry to buy... I'm waiting for the sell.

Renforex Renforex EURUSD, 60,
EURUSD: EUR USD - Two possible channels
305 0 18
EURUSD, 60
EUR USD - Two possible channels

Yesterday the price moved back into the previous sideways channel, but still hangs on inside the down channel. A break upwards from the down channel should be a good place to buy. And likewise a break back out of the sideways channel is a good place to sell. We can only stay within one of these channels. So it is best to see which one before committing to a ...

Renforex Renforex EURUSD, 60, Short ,
EURUSD: EUR Short
296 0 17
EURUSD, 60 Short
EUR Short

Good place to short. Most likely going a little higher first but I have things to do so I do't want to wait. First target hit late last week (see related idea). 2nd and 3rd target should hit this week.

Renforex Renforex EURUSD, 60, Short ,
EURUSD: EUR USD - S + R And Short Targets
144 0 10
EURUSD, 60 Short
EUR USD - S + R And Short Targets

Red is resistance, green is support. Reds become greens if price goes above and vice versa. Solid green lines are my targets.

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