I'm considering a short position on the UK100. I anticipate a retest of the current resistance, which aligns with the trendline. - 1:1.5 RR - SL above the previous weekly high - TP current support level
USD/JPY is my favorite pair for the coming week. I'm anticipating a long position after an impulsive move toward the buy zone, which aligns with the 200 moving average and the 0.68 Fibonacci retracement level.
I'm looking for a possible short entry on UK100 upon a retest of the current resistance, which aligns with the 4h moving average and the 0.68 Fib level. I'll place my SL a few pips above the previous daily high, aiming for a 1:2 RR.
I'm currently considering opportunities on both sides of the EUR/USD pair. My strategy involves going long if the previous weekly low holds , indicating potential upward momentum. Conversely, I am prepared to go short if there is an impulsive retracement , suggesting a downward correction. Stay tuned and trade wisely!
I know it's not the typical setup and is totally counter to the trend, but sometimes we have to do the opposite to make money. 😉 Anyway, I'm in a EUR/USD long position at 1.072 with a 1:1 RR. I'm hoping it holds at the old support level, which aligns with the 0.61 Fib level. Take Profit (TP): Assuming it will fill the gap and retest the previously broken...
A potential head and shoulders pattern is forming on the GBP/USD 1-hour chart. The setup remains valid unless a strong bullish candle closes above yesterday's high at 1.2766. I'm targeting the support below the neckline and plan to add to the position if it closes below 1.2700, if the market offers me an entry opportunity. The logical Head and Shoulders Setup...
I prefer to short USD/CHF following an impulsive move to the downside. I'm aiming for a 1:2 RR, expecting the price to reach the area of interest and then break the previous low.
Hello traders, The EUR/CAD setup looks promising. I have marked the important key level and my potential short position idea. I will provide an update if the market changes. Wishing you blue digits on your trading platform!
A possible short idea on the UK100. If it reaches today's London rejection area, it seems like a sell to me with a 1:3 risk-reward ratio. SL = 30pip TP = 80pip Important: If the order isn't filled by tonight, cancel the position.
Short ideas on GBP/USD. Remember, it only makes sense if the market shows some sort of weakness and possible involvement.
Hello traders, I'm following and observing AUD/USD price movement over a period of time and this setup makes a lot sense to me based on my research as it has a high probability. Ofc there is an imp USD news today but we assume the price moves in our favor during volume time. Hope it works! Stay safe
Morning people. I see a potential short scalp on gold, RR is not so perfect but it does worth to give it a shot. Let's see
A scalp on gold for potential retracement to current support.
Potential scenarios on EURUSD Daily timeframe. Ofc, everything is possible in the market !
Possible scenarios on gold buy and sell at least for the following week.
It's creating a HH / LH pattern and most possibly will liquid the orders above the current daily resistance. Let's see!