BSL
BSL.SGX_Range Breakout Trade_longENTRY: 1.47
SL: 1.38
TP: 1.62
- ADX>20
- RSI>50,RSI<30
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retraced to 38.2-50% fib level since breakout in Jul 2021 with lower volume.
- Breakout of range and HVN on 30 Sep 2021 and moving with higher volume since then.
- Today shows possible selling dry out with extremely low volume.
EURCAD LongGooood afternoon ladies & gents. After stop hunting past the previous D1 lows. Price has presented us with a bullish structure allowing us to take an optimal trade entry where price is currently sat.
Looking to scale out profits at these two key points as well as a few others on the way up.
Very high RR based trade.
USDCHF ShortSince my last idea, price has come back to re-induce above the previous highs and presented us with an M15 sell structure.
Trading this week definitely exposes us to more risk than normal as many of the pairs are on hyper-extended runs with the exception of USDCHF.
As this trade follows the rules of my system and the RR on this trade is 1:3 and above, I've made the decision to execute at the entry point as displayed in this idea.
The white line delineates the H4 highs created from one of my last ideas that presented us with an excellent RR short opportunity.
GBPJPY, ShortGoood afternoon ladies & gents,
GJ has presented us with a bearish sell structure on the M15 chart after hunting past the weekly area of buy-side liquidity. Looking for a 1:13 RR trade down to the H4 Propulsion Block with further room for downside.
Disclaimer: This is just an opinion, not trading advice. Do your own research & trade at your own risk. Remember to manage your risk well by never exceeding 3% risk any given trade.
Best of luck. I'll post updates on here.