I am going short at the price level because the buy pressure is weak and I can see lower highs to support which tells me that price has a higher probability of breaking this support zone that it is now. Still going with the overall trend and going for RR 3:1
This currency pair is in a retracement phase on the HTF. Since it’s retracement phase, market has been printing market information with HH and HL structures. Taking this long position in an anticipation that price will make higher highs. It’s risky(aggressive) because it’s a counter trend trade!
Price is in an obvious downtrend. Price broke its former low as indicated in the chart. A break and retest pattern within a trend. Looking for price to trigger me in at my sell limit order. If and when it doesn’t I will enter with a sell stop order.
Price has clearly printed market information to be in a downward structure. My job as a trader is to go with the flow and get in on the short which I have done. Price has given me a confirmation which was a momentum shift on the 1hr now currently in the trade. I am not anticipating a lower low on this pair. RR 3:1
This currency pair is in a downtrend. However, price is in a pull back phase. Price broke resistance on the 30 minute Time frame and that’s my indication to go long and take profit at the next resistance zone. RR 3:1.
This is a trend based idea. Price has been in an upward movement for quite sometime as you can clearly see on the 1hr time frame. My job is to wait for the discounted price which I have now done and get in on the buy. I anticipate a higher high on this trade. RR is 3:1
This currency pair has been on a downtrend. Since I know that information I am in a better formation to go with the overall flow of the market. A pull back/retracement to my sell limit order is anticipated to continue with the trend. If not then I will execute instantly when market opens. Either way I will keep you updated.
Just wanted you to see clearly on the 1hr time because the charging posted wasn’t good enough to see. It’s basically a break and retest formation with a fixed RR of 3:1
XAUUSD has been on a clear downtrend on the daily time frame. My job has a trader is to go with the flow, that is, trade the continuation. Knowing this, I waited for a clear break of structure as you can see on the 1hr time frame. Now waiting price to hit my sell limit order to go short with a fixed RR of 3:1
