Renforex

Renforex Updated 

Small risk long on EURJPY Simple chart. Green is target, grey is entry, red is SL. Enjoy.

Renforex Updated 

The new style format. Grey line is where I entered the trade. The green line is the set TP The red line is the set SL I don't log in often enough to post updates on all changes to trades as I go. I often close manually before the TP hits, and usually close half positions early, too. But this is the basic outline of the trade, as a best case scenario. I will...

Renforex Updated 

Let's be honest. Crypto is a playground. Here are the basics; Option 1 is the upward arrow Option 2 is the downward arrow. Green is support Red is resistance (double top, aka hard rejection) Option 1: Bouncing up from the rising support is the signal to buy (TP1 at end of arrow, TP2 at top RED line) Option 2: Breaking below the rising support is the signal to...

Renforex Updated 

If price breaks current resistance (red dotted line) and bounces off the resistance immediately above, then we can look to short with the price breaking back under both. If price bounces down from here (less likely) that's cool too. As always, watch the price action unfold and be ready to improvise and adapt your game plan if need be. (1 day to go)

Renforex Updated 

From related idea.

Renforex Updated 

A break above current price are and structure invalidates this trade.

Renforex Updated 

Shorts from the previous trades have hit their target (see related ideas) Waiting to see how this candle plays out, but ideally we should be able to buy around here... If not and the support breaks, wait and see how price reacts at the 2nd support under it. TP = Take profit

Renforex Updated 

TP1: Start of the target box. TP2: End of the target box or closed manually within.

Renforex Updated 

We've made some good pips with this pair recently if you have been following (related ideas). Here are the two scenarios. Scenario 1: Price breaks under current support and we sell Scenario 2: Price remains in the structure and starts rising towards the top I favor option 1, and this is the trade I am waiting for... However I will happily use Scenario 2 as my...

Renforex Updated 

Confirmed with the related idea. SL Just above the red horizontal resistance as shown on the chart. TP Near the green support.

Renforex Updated 

Looking to sell this for a few pips, as the title states... If we break under the target area, we will have a bigger sell. Of course, if this fails, we are likely to see price reach the upper (red dotted) horizontal resistance line, which we may be able to sell from. (Or make pips on the way there if you fancy)

Renforex Updated 

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 Updated 

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 Updated 

Stops above top red line.

Renforex

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

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 Updated 

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 Updated 

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