We have a breakout to the upside and are avove the 50 ema. Targets based on structure. RR is about 1:1.2 for target 1. Target 2 has no take profit until I see a red candle close on the 3 hour chart. Stop Loss will be moved to a little better than break even on the second position once target 1 on first position is met.
I'm testing a new strategy which is, when we get two engulfing candles in the three hour timeframe at a support/resistance zone where in this case, we have: Green Candle - Red Engulf - 3 - 4 - Green Candle - Red Engulf (6 candles). My expectation is this will go down to retest previous support/resistance at around .382 retracement. RR is about 1:1
We have a bat pattern nearing completion at previous downtrend line. Looking to short this to the .382 retracement (1 position). RR is about 1:1. I will wait for confirmation of candle stick patterns near entry on the 15m chart to get involved.
I'm trying out a new strategy. We are under the 50ema on the 3 hour chart. We have now two bearish engulfs that are sandwiching a bull candle under the 50 ema , this is the signal to short. Under 50ema - Bull - Bear Engulf - Bull - Bear Engulf I have two positions. Target 1 is based on structure. Target 2 will remain open until I see a red candle close after...
We have a nice setup forming to short NZD/USD. We have a) Bearish Bat Pattern coming to a completion b) Price coming up to a long term down trend c) Stoch RSI and RSI @ 15m chart nearing overbought RR is about 1:1.42 My targets will be based on structure
Cypher Pattern at previous resistance/cupport zone. Two targets to .382 and .618 retracements.
Nice Short Oppurtinity. Price stoch RSI is overbought at downtrend. Target would be previous low. Better than 1:1 RR!
Looking for a breakout, candle close from most recent downtrend to go long. RR is around 1:1
We have a break on current uptrend. Expecting a retracement bounce and will short somewhere between .382 and .618 once I see a nice engulf on the 2-5m chart breaking the retracement bounce. Looks like a good 1:1.5 RR trade for first target, and 1:3 for second target.
We have a breakout on previous highs, with a candle close above. Two positions each with a stop loss of 23 and target of 34 and 60 pips.
Please see Chart, we have a breakout on a flag pattern. Target: 18 pips. Stop Loss 12 pips.
We have a candle breakout on most current downtrend and at the overall uptrend. Two Positions.