*GBP/CAD* Entry and ExitBuy IF: candle closes above the 0%. Take profit at -27% level
Sell IF: candle closes below the 38.2%. Take profit at 61.8% level
Note 1: (optional) For a better entry, wait for the candle to close above or below the mentioned level, and wait for the candle after to retrace back to the fib level. Enter on or close to the fib level.
Note 2: The profit target must not be touched. If the candle jumps/drops and hits our profit target before closing, then our entry is no longer valid and we should wait for the next opportunity.
Good luck!
Buy-setup
50 + 145 + 450 PIPS on USDCAD Full AnalysisHere is my full analysis for USDCAD. 50 + 145 + 450 🤑🤑
I'm already in the 50 PIPS retracement leg which is currently in profit ✈️✈️
I will follow the 145 and 450 legs in the coming days.
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COULD THIS BE ANOTHER SHARK?Hello traders! We are monitoring the development of another shark pattern on the dollar cad. We took the opportunity on the previous setup and could possibly get another buy opportunity here. As the name suggest, the shark pattern has impulsive behaviors as you can see when the market failed to break the 1.13 extension of the AB leg on the previous setup. We see the impulse reaction towards the previous low, typically between the .886 retracement and 1.13 extension of the 0A leg for a potential reaction. This reaction is usually impulsive as well which makes the shark pattern a volatile pattern. Traders should monitor price action near or at the reversal zone for trading opportunities. This is an idea, not a signal, published for educational purposes. Trade smart don’t gamble!
-Rum
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To learn more about shark patterns, visit Scott Carney’s channel on YouTube for more information.
Ripple - Daily - Potential Long OpportunityClear and Simple!
The price broke out of this structure and is heading towards the resistence level in Red. Let's wait for retest to enter this trade.
Potential Risk Reward ratio of 1:4.
BTCUSD MOVING INSIDE ASCENDING TRIANGLEBTCUSD is moving inside an ascending triangle, after it has broken a strong bearish trend. Look for possible retracements to enter in a long position. Beware of false breakouts due to this compression phase, if breaks the trend, that will be our invalidation zone and stop loss.
EURUSD| BUY TRADE📈| INTRADAY| KEY STRUCTURE BOUNCE🌟Hypothetical scenario:
(1) Entry @ 1.13185 (Buy LMT )
(2) Stop Loss @ 1.12955 | 23 points
(3) Target @ 1.13630 | 44.5 points
(4) R:R = 1:1.93
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
$US30 - ROUND NUMBERS GALORE - RECOVERY COMING UP?Not the best inverse head and shoulders I could've hoped for but still decent enough offering a good risk:reward opportunity.
Currently forming the right shoulder so up to every trader's discretion whether they want to take this conservatively waiting for the slanted neckline break or at the end of the right shoulder formation.
A vaccine probably coming sooner than expected? :O
Hypothetical scenario:
(1) Entry @ 20000.0 (Buy Limit)
(2) Stop Loss @ 18500.0 (1500 Points)
(3) TP1 @ 22640.0 (2640 Points)
(4) TP2 @ 25000.0 (5000 Points)
(5) TP3 @ 27000.0 (7000 Points)
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
AUDUSD| BUY TRADE📈| VWAP BOUNCE| INTRADAY🌟Hypothetical scenario:
(1) Entry @ 0.69575 (Buy LMT )
(2) Stop Loss @ 0.69325 | 25 points
(3) Target @ 0.70025 | 45 points
(4) R:R = 1:1.80
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
EUR/AUD | BUY TRADE 📈 | WEDGE PATTERN | +300 PIPSHypothetical scenario:
(1) Entry @ 1.65700 (Buy LMT )
(2) Stop Loss @ 1.64820 | 88 pips
(3) Target @ 1.68920 | 322 pips
(4) R:R = 1:3.65
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
GBP/USD | BUY TRADE 📈| WEDGE PATTERN | +200 PIPS!Hypothetical scenario:
(1) Entry @ 1.22250 (Buy LMT )
(2) Stop Loss @ 1.21405 | 84.5 pips
(3) Target @ 1.23890 | 164 pips
(4) R:R = 1:1.94
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
AUD/USD | INTRADAY | BUY TRADEHypothetical scenario:
(1) Entry @ 0.64485 (Buy Limit)
(2) Stop Loss @ 0.64340 | 14.5 pips
(3) Target @ 0.64810 | 32.5 pips
(4) R:R = 1:2.24
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
CHF/JPY | BUY TRADE | 58 PIP TARGET | +1:2 R/R!Stark correlation between this pair and OANDA:CADJPY . (view related ideas below)
Hypothetical scenario:
(1) Entry @ 110.200 (BuyLimit)
(2) Stop Loss @ 109.940 | 26 pips
(3) Target @ 110.780 | 58 pips
(4) R:R = 1:2.23
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
USD/JPY | ENDING DIAGONAL IN PLAY| +450 PIPSHypothetical scenario:
(1) Entry @ 106.500 (Sell Limit)
(2) Stop Loss @ 104.000 | 250 pips
(3) Target @ 111.300 | 480 pips
(4) R:R = 1:1.92
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
GBP/USD - LONG SCALP SETUPHypothetical scenario:
(1) Entry @ 1.22585 (Buy Limit)
(2) Stop Loss @ 1.22400 (18.5 pips)
(3) Target @ 1.23000 (41.5 pips)
(4) R:R = 2.24
Stay tuned for the updates.
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.
EUR/GBP - TO RETEST 2019's HIGH?Hypothetical scenario:
(1) Buy Limit @ 0.83000
(2) Stop Loss @ 0.80000 (3000 pips)
(3) Target @ 0.92000 (9000 pips)
(4) R:R = 1:3.00
Reasons for long:
(1) Hammer on Monthly
(2) Structure Area
(3) Declining Volume
Stay tuned for the updates
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*DISCLAIMER*
This post is solely for educational purposes and does not constitute any form of investment / trading advice.