waiting for a 618 retrace to get short.
BAck into structure Target 1 is the 1.2900 even number Giving a risk/reward 1:5 Target 2 is a little lower
This pair has been trading in a range. We are currently at a resistance level. IF we get a higher high higher close I will look to get long. IF we get a lower low lower close I will look to get short. An aggressive trader might go short at market open with min. risk and if wrong, and we get a higher high higher close get long. just my thoughts.
this trade has already completed. but to give an idea of how the set up works that I poseted for usdjpy
reasons on chart *Moved SL to break even once T1 was hit *Did not get stopped out on retest of 618 *Waiting for 127 ext to be hit
I AM WORKING ON A STRUCTURE TRADING STRATEGY AND BASED ON MY STRATEGY THIS IS THE TRADE.......(TRADE AT YOUR OWN RISK) ENTRY 95.46 (ACTUAL ENTRY WAS 95.486 SL 96.10 T1 94.7 T2 94.4
I MISSED THE ENTRY I AM WORKING ON A STRUCTURE TRADING STRATEGY AND BASED ON MY STRATEGY THIS IS THE TRADE.......(TRADE AT YOUR OWN RISK) POSTING ONLY SO I CAN TRACK IF ITS A WINNER OR LOSER
I AM WORKING ON A STRUCTURE TRADING STRATEGY AND BASED ON MY STRATEGY THIS IS THE TRADE.......(TRADE AT YOUR OWN RISK) SELL USDCAD ENTRY 1.2038 SL 1.2096 TARGET 1 1.19395 TARGET 2 1.19
After the long run up we got a small outside return.Followed by a lower high. Then we got a lower low lower close. we are currently in a outside return. I am looking to play this back down to .7900. with stops just above the previouse high.
We had HHHC we are now back down into structure. Looking to retest the previouse high