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Ftmochallenge

Final wave of 5 wave trade Please see wave 5 of a 5 wave analysis, even though there is a tad bit more room for upside as illustrated by the chart, I believe we are entering wave 5 of the 5 wave move down after a Diagonal upwards correction, my only concern is wave retrace is most commonly 38.2 % of wave 3 this one is 50% which still makes it valid, but less common. Wave 5 should be 100% of wave one, this is not trading advice just an upload for my records so I can refer back to it, Please also note this is is a longer term trade, most likely going to take place over the course of a week or two, Please like comment and share your opinions, Would usually have written a longer explanation but I am tired today lol Never interested in joining a signal program. however am always looking for new people to share ideas with, hopefully bounce off one and other, I have passed two ftmo accounts, looking to pass two more in the next month merge them and scale it up accordingly, Happy trading.
Short
by Ashsempier
Potential 5th wave (Ps I will not be taking this trade) I figured I would post this trade just in case it could potentially help someone else or reinforce an idea they may already have, reason I'm not taking this trade is because I have hit my monthly quota and also passed another FTMO challenge, in which the verification doesn't start until Sunday 6th, so I get a week off to study the markets :) Also apologise for the messy charts as they were never meant to be shared and I understand my mess :) That being said what you're are looking at is a parallel Chanel, after reaching the top and taking an initial drop, it bounced off the 200 EMA to make a lower high, then went on to make another lower high before from a double top then another lower high and another double top, after the the first double top I took a short, but ended up closing in profit as it began to rise again, I then got back in after the 3rd lower high and rode it all the way down to the bottom of the parallel channel, placing my stop loss 20 pips above the previous high of the last double top. I then figured it was going to either bounce back up from the bottom of the parallel channel or react at the Blue line that I market as potential end of wave 3, as you can see it touched the blue line perfectly before bouncing around that level for 4 hours, although I had already reached my quota for the month, I didn't want to take any more trades but also thought the opportunity may be to good to miss, so opted to take out another small ftmo account and take a trade for a potential wave 4 move to the upside, as you can see it paid off, I placed my sl where the red line was and took a trade up towards the 0.382 fib as this is often where wave 4 retraces back to, and as you can see it went back up perfectly to the fib, and I Passed that FTMO Challenge within one day. now using the wave theory I have placed a short position idea where wave 5 should end, and thus far it is playing out to plan, as wave 5 is often the length of wave 1, Please note I am no trading expert just sharing an idea, but if I am correct, you can take a trade from here and place your sl at 155.515 and TP at 152.361 Good Luck All!.
Short
by Ashsempier
200 PIP COMING, GET IN NOW.Hi traders, we have a great opportunity coming as we approach this level with many sell orders around. currently in it with a 50-70 pip SL and 135 TP. Be patient and enjoy the trend. -------------------------------------------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------------------------------------------- Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
Short
by BlaiseThewinner
2
FTM/USDT 1HOUR UPDATEWelcome to this quick  FTM/USDT analysis.        I have tried my best to bring the best possible outcome me in this chart. Reason of trade :- FTM/USDT is Look bullish buy the dip green zone. Entry:- $3.01,$3.05 Traget:- 10% to 15% Stoploss:- $2.91 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native languages.       Do hit the like button if you like it and share your charts in the comments section. Thank you...
Long
by CryptoSanders9563
1
EURGBP - SHORT DAILY Hello Traders, we noticed a very clear Head and Shoulder of inversion on the EURGBP. Trading volumes slightly decreasing also confirm the bullish exhaustion and the bearish scenario becoming more likely. The 0.886 level, which is the neckline of the H&S is now being broken. We would wait a more wide movement to the downside to reduce at minimum the risk of false breakout with the price jumping back above the neckline. As usual, two different targets are provided. One more conservative, corresponding to the previous lows, and the more aggressive one, whose Take Profit corresponds to the target of the H&S formation as per textbooks. What do you think of this idea? What are the tool you use to confirm or reject an Head and Shoulder Pattern? Let us know!
Short
by FTMO
4
NZDCHF LONG - SHORT TERM IDEAHello Traders, we signal a nice Head & Shoulder of continuation of the trend up for NZDCHF. The target for the pattern is 0.65. An aggressive entry would consist in entering now, at the retest of the horizontal line which correspond to the previous top. A more conservative approach would be to wait for the retest of the neckline of the Head & Shoulder. This would increase the odds for the realization of the pattern but also the risk to be left out of the trade, since retests do not happen every time. The total size destined for the trade can also be split 50/50. Which kind of trader are you? Are you an aggressive trader who enters on breakouts or a more conservative one, waiting for retests and confirmations? Let us know in the comments!
Long
by FTMO
1
GOLD - WEEKLY UPDATEHello Traders and welcome to the first idea of 2021. As usual, the first days and weeks of the year are poor of big movements. However, we noticed this nice signal from XAU. The trend is bearish and the price fell below the 200 Moving Average daily once again (1841). We also are below the lowest retracement level of the last leg up (1838), which seems just as a reaction to the reach of 1764, a key multiyear level. This means that this is not a simple retracement, but Gold is likely to go further down. Also, this time the price had almost no reaction to the touch of the 200MA. The RSI has still room to fall. Our idea consists in a short position with: - Target 1764 and - Stop Loss just above the top of the last candles The Risk Reward ratio is 2. The Dollar experienced a steady decline over the last months but at the moment is bouncing in the short term as can be seen from the Dollar Index. As we know, a strengthening of the USD causes commodity prices to fall, all else being equal. FTMO wishes you a happy 2021, full of success in trading!
FX:XAUUSDShort
by FTMO