jonnyteg

jonnyteg Updated 

Chart - CAD/JPY TF - Daily Likely duration of trade 3 days - 4 weeks 1.Trend in play ? Yes phase 1 of new bull trend 2. Entry - Engulfing on the daily with pull back prior 3.SL - 8302 Below prior swing high 4. TP - 8552 Monthly pivot R1 level 5.RR Around 2.0 6. Support factors - Prior attempt to reverse failed so this new phase 1 bull has more merit 7....

jonnyteg Updated 

** Wait for the entry before taking this one ** Chart - EUR/SGD TF - Daily Likely duration of trade 3 days - 4 weeks 1.Trend in play ? Yes we can see from the open EMA ribbon we have gauged bearish trend this has been ongoing for months 2. Entry - Not just yet we should be looking for some more bearish evidence on price close data from the D1 candle, we need...

jonnyteg Updated 

1.Trend in play ? Yes we can see from the EMA ribbon phase 1 starting to open, we have gauged bearish trend 2. Entry ? We have a nice engulfing bear as entry with clean prior PA, better entry price currently good value to enter risk reward was not good enough on the engulfing entry 3.SL - 6824 above monthly pivot PP and non dynamic trend line 4. TP - 6639...

jonnyteg Updated 

1.Trend in play ? Yes we can see from the open EMA ribbon we have gauged bearish trend 2. Entry ? We have a nice engulfing bear as entry with clean prior PA 3.SL - 15979 above prior price structure, no prior swing high 4. TP - 15678 we could have more monthly S2 pivot level at 15625 5.RR At least 2.0 6. Support factors - Break of prior longer term...