500
CHFJPY SHORT 500pips!Hello traders, today I will be sharing an idea from my phone for the first time.
Here we have a CHFJPY short trade idea. With a insane TP of 500 pips.
This trade has an insane Risk:Reward of 16.67 which is insane for such small risk.
Please like and follow if you want to see more ideas just like this!
Make sure to check out my awesome other ideas below!
Happy trading!
Wave 4 low is still due oct 4 th to the 20th focus 0ct 18th targets have been 4088 for sometime but as my models and the MATH can now give the ALT target 4181/4161 .this would make wave 4 equal to wave 2 on a % basis and is also the 200 day avg . So I will maintain 100% cash till oct 16th friday at a min in time and at a min a target of 4182/4162 .
💎 S&P500: waiting for limit seller test.Key resistance for Monday, October 11, is the limit seller (4412.7).
⚙️ The main scenario is a successful test of the mentioned resistance and subsequent decrease to the balance of the week (4395.0).
In case of breakdown and fixation below the 4395.0 price level, the subsequent support for today will be the limit buyer (4342.5).
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TOP WAVE STRUCTURE If we dont NOT break the last low within 24 hrs Then I would look for the sp to then rally now into the target zone 4617/4676 before oct is over . As most traders who follow me over the last 40 some years . I almost never say maybe . But this window of time we are in is one of the highest risk time cycles since 1987 . based on my money velocity model
⚠️ S&P500: heading for a balance of the week test?The closest support for today is a limit buyer (4300.0).
The close of the balance of the week (4310.0) further strengthens it.
💠 In case of successful test of the mentioned option support we expect formation of a buy pattern with targets: limit seller (4346.1) and hedge zone (4400.0).
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BNB/USDT Update: We reached our target at 496$BNB just reached our target at 496$.
I hope you could enjoy the ride and take at least partial profit.
Since we don't have many structures to work with we close this BNB/USDT discussion here.
Basic rules:
- Never buy the top/ATH
- Take profit as long as you can
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone. Check the description.
WAIT TO BUYWait for this daily small correction to previous resistance to buy. As we can see on the graph, there is a shoulder head shoulder pattern in an ascending trendline, which is a very bullish sign.
NASDAQ Long SetupPrice approaching a critical area and a long position in view within a few hours. Place a buy limit at entry position. Simple Trend analysis. 500+ pips move
US500 according to my strategy price may have a stronger force to breakout of the current resistance zone
GC current states of affairsI’m still bullish for GC. So far plan is being executed but I be hoping for more true breakout by now.
My options are
= end trade
And no loss, but no potential profit
=Stay in trade
Risk bigger loss
Potential gain
Exit and re enter on test of wedge
Better RR ratio
Risk no entry
At this time I stay in trade and watch. Why? So far acting the way I predict. When no longer following plan then I exit and try for re entry if still valid trade setup.
Reversal trades have lower success rates but higher profits.
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