A clear chart uptrend structure in play as prices support at the 200 day moving average with a new bullish macd move to add confluence. Keep focused and proactive with your risk allocation and trade management. Updates daily in the VIP group chat.
We always get a reaction in price movement after a trend break. We never know how far the move will be but we need to be in it for the ride. Trade management discipline is key to a trades success. Updates daily in the VIP group chat.
On H4 support we might be able to scrap a 1:1.5 RRR trade? As traders we need to flexible and respectful of the technical analysis.
After 6 previous winning set ups from this position probability is in our favour as we go for a 7th short trade. Keep an eye out for any high impact figures. Updates daily in the VIP group chat.
We can look to take a long at 1.62025 level as prices push through recent downtrend. Bullish momentum adds confluence.
Following on from todays analysis commentary our buy stop level of 0.99225 has been triggered. Trade parameters as shown for 2:1 RRR.
Selling short now at 3895 as bearish momentum picks up pace.
We spot a similar pattern to before and take a view to respect it. As prices break through the recent short term downtrend a long is a favourable trade. Current price 1.34699 as we write.
After a higher low being established as price action stabilises above the 200 day ema our strategy rules concur with a long idea. Note: H4 timeframe trade. Current price 1.77855 S/L 1.75700.
Long buy stop level triggered in at 0.57951 S/L 0.57120 T/P 0.58920. Prompted in this mornings email analysis.
Historic repetitive patterns are another important piece of analysis and today we clearly show a short opportunity at current prices 141.650. With the recent BOJ policy shift the fundamentals also align adding additional confluence. Updates daily in the VIP group chat.
Trend breaks + momentum confluence = higher probability of success. Current candle looks to be falling and with prices below the 200 day ema this is a shorting area. Price level 90.8000. Updates daily in the VIP group chat.
We see a shorting opportunity materialising this morning as the upward trend breaks. Ideally a candle close below our trend but for those more aggressive traders now is a good as time as any at 1.08645 level to sell.
Following on from todays analysis email we have taken a short at 1.21758 level S/L 1.23700 T/P 1.19850. Based on chart structure plus strategy confluences.
This pair has been trading our analysis well recently and we have taken a long trade at 1.09250. Risk no more than 1% of your underlying capital and place a stop just below recent low at 1.08700. A target can be placed just below the 200 day ema level at 1.11000.
After yesterdays short we now see a long opportunity developing. China/Germany talking about economics as the German Chancellor Olaf Scholz arrived in China on Friday with a team of top executives, sending a clear message: business with the world’s second largest economy must continue. might be a quick sharp move up to capitalise on.
As we write we see a sell opportunity ahead as price action breaks out of the bigger chart structure. remember to be strict with you risk application and your trade management. Capital preservation is key!
A long trade with a1.5:1 risk reward ratio has been taken at 5.270 level as price re-establish some short term bullish momentum.