About me-=- Amateur traders lose money because they try to avoid losing. Professional traders understand they need to take losses to win. -=- Trading success is not going to be entering winning trades, but how you exit your losing trades.
EURUSD potential Head and Shoulders
Entry trigger in the 1.3860 area
Stop a 1.3966+
Trying to short before the trigger is possible,
but keep in mind that the trigger price
is needed (1.3860), before we could consider the
Once triggered the pattern invalidating stop will
probably be lower. I'll update the Idea to reflect it.
- Testing uptrending channel support at approx 16000
- Testing 100sma channel low at 15985
- In the 38.2%-50% retracement area of the previous up swing 16064-15925
- 15995 the monthly pivot that could act as support
Trade on tight leach below 16000, because daily 200sma channel could be the next valid support area in the 15700-15600 area, and...
Buyers emerged in July, September and October 2013 at the 100dma channel low...
Will they repeat the pattern or just push lower with conviction ?
Market parameters are clear, and risk defined.
I'll try to buy it in the next 5 sessions, if we can keep closes in the 100 dma channel.
Closing below the 100 dma channel would send quite a bearish signal and I wouldn't...
Taking a long EURUSD at October's value low @ 1.3485.
After entering back into the value of October (1.3705-1.3485), market traveled all the October's value area.
Long entry 1.3485
Stop at 1.3444
First take profit at 1.3630 - The monthly pivot in eurusd
Short Trade Plan
1 - Trendline supporting the bounce from 9 Oct. was broken.
2 - The second trendline (trigger), was broken too, and re-tested this morning (EU session).
- The short is validated by the failed move to get back above the trendline.
3 - Once we break the channel low, the trade should be going well.
15359 is the swing point that must be...
99.15 - 98.80 area is buying opportunity
Below 98.50 is the trade invalidation point
101.50 is the first target
UJ is pulling back from the descending trendline breakout last week.
Price is above 100 sma up trending channel in 4H indicating buying trend/pressure.
Pulback zone 38.2%-50% is the buying zone
After the trendline and 100sma H1 break on Friday, USDJPY found support on 1H 200sma.
Shorting a re-test of 100sma, and playing a trendline kissback failure.
Target is a measured move from Wednesday High to Friday's low, with trigger below Friday's low.
93.20-93.50 zone is an early entry, and this short could be also played wih on a break of Friday's low as an...
- Market pushed all the way up to the 2 standard deviation channel drawn on this chart.
- We have a descending trendline that could act as resistance at around 1.3010.
- We have previous swing high at 1.3022 that could cap the upside potential.
Target: for the trade is the median line from the 2 SD deviation channel, and the bottom of it.
Stop: If market can get...