Open sell order at price 1.3306
SL - 1.3329
TP - 1.3130
RRR - 7.67
I am afraid that i take SL on continue BUY impulse. But impulse was only 24 hours and main trend is down. So lets think that it was only fast big correction and down movement is continue.
We have good pattern to sell BCO.
1 - we have good sell impulse movement 25 february
2 - we have good correction with 6 higher highs.
3 - we have good flat from 27.02 to 1.03
One problem - today is friday so you can catch gap at monday. But position to sell is my prefered.
So lets try to catch profit right now.
Sell at 65.80. SL - 66.88 TP1 - 63.65 and...
I bought EURAUD for few reasons
1) EURUSD going higher
2) AUDUSD going lower
3) EURAUD has good buy impulse and breakout main levels near 1.5918 and 1.5874
So i take buy order at 1.5971 SL - 1.5827 TP - 1.6560 And RRR - 1:4
Yes, big SL. Use small lots.
As i published idea to buy EURUSD and USDCHF and EURUSD have big negative correlation - so I sell USDCHF and recommend to to this to all my clients.
USDCHF has sell level at 1.0042 and price is placed at the high of very big daily range started from October 2010.
So i try catch profit to sell USDCHF at 1.0035 SL - 1.0072 and TP - 0.9900
Risk Reward Ratio -...
I bought EURUSD at 1.1314
SL is big - 50pips and placed at 1.1263
TP it too big - placed at 1.1516
So RRR - 1:3.99 - very good. Of course i close my position if find reversal pattern. But right now - it good trade to buy.
And after i publisd idea to sell USDCHF - subscribe to my channel :)
I opened short position on 1.2866 and it SL is 1.2886 - 20pips. Short stop and good volume can be used.
TP - 1.2710. Far target but interesting. So RiskRewardRatio very good - 8.65 but i think that it is not achieved simply. Lets try catch profit :)
I opened sell order on EURAUD on 1.5930 because i see head and shoulders pattern and 2 levels (blue squares) and 2 breakouts of this levels.
TP - 1.5745 SL - 1.6005 RRR - 2.46.
Sl near 74 pips so use lower trading volume. Good profit for all us!
Monday, Tuesday and Wednesday - has main news for GBP pairs.
But pair has big long impulse on 7 feb. And next - 3 lower lows on correction.
So right now we can open long position on GBPUSD on 1.2920
SL on - 1.2851 - near 70 pips - big SL so use not big order volume.
TP - 1.3100 and RiskRewardRatio - 2.64.
I open sell position on EURGBP at 0.8784. SL 0.8813 because pair can go higher and make another higher extremum near 0.8800
TP1 - 0.8748 RiskRewardRatio - 1.3
TP2 - 0.8726 RiskRewardRatio - 2.0
TP3 - 0.8711 RiskRewardRatio - 2.5
Off course i will close profit position manually if i'll see somithing wrong.
If EURGBP going lower - you need to see EURUSD and GPBUSD...
I see sell pattern on Gold. So i opened sell order on 1313.66 SL near 1321.50 because gold can make last higher correction.
TP1 - 1308.50 RRR - 0.7
TP2 - 1305.60 RRR - 1
TP3 - 1297.50 RRR - 2.1
TP4 - 1277.00 RRR - 4.76
I do not hope that Gold will quickly reach TP4. But it really can and we need to know potential.
And if gold and USDJPY has negative...
I have SL at last sell order on USDJPY. But price going so slowly up that i still waiting for fast sell movement.
Lets try make sell order from 109.91 to 108.50 TP and SL=110.17 RRR - 5.3.
Write in comments your opinion about this position on USDJPY.
I see that all USD pairs in medium term - are in downtrend.
But on NFP - USDJPY make good movement highly. Why? New buytrend? Or collected stops and went down? I think that way.
So i find sell position with SellLimit on 109.59. SL-109.83 TP-108.47 RRR - 4.53
Good or not? It really risky position. But interesting RRR. So lets try it :) I wish good...
I think that EURUSD still on bull trend. So we need enter in buy position. But Where?
Best enter will be on some low - when the pair updates the last lower extremum at 1.1433
I make there BuyLimit and TP will be 1.1514. SL - 1.1410. So RiskRewardRatio - 3.63
P.S. On chart order placed not full correctly so RRR 3.05. But really - 3.63 :)