Get started

Good Risk/Reward

NZDJPY pre-market analysisIt's been a while since I've published anything, so here we go! At the last week's close, price seemed to reverse upwards, so I need to find where it's going to end up. I identified a downward trendline, and it crosses near the level that's associated with a prior consolidation period, so most would say that there's some sort of confluence going on here. We now make a hypothetical trade, taking a recent high as SL, and the lower level of that side-ways move as TP. And it has a lower than 1RR, which indicates that this trade is risky. When a trade's risky, price will often move to its SL, right? Which leads us to the next step, which is moving our entry to match the previous SL I hope that the market will drop after it has stopped out the people who took the 1st trade. But I do have another setup in case that fails as well. The rest of my thoughts are on the chart above for you guys to see. Happy trading.
Short
by NhatHoang123
USDCHF | SWING - 14 Sep. 2020Hello my friend | Welcome Back. Please support this idea with LIKE if you find it useful. *** It may move to the upside if the support it is now in is not broken, it may rise to the aforementioned resistance. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice. BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
Long
by Saeed966
Nice Short Opportunity on GBPJPYLooking for some nice short opportunities to the downside for GBPJPY. Would like to see price to move to the downside towards structure #2 before retracing back to structure #1. If price was to stay under that marked structure, then would like to see further movement to the downside to the overall target which is marked. Would like to get some peoples thoughts and opinions on this! Please note this is an analysis of my own personal opinion, don't take this analysis as gospel.
Short
by danieljamesfx
USDCHF risk-free trade for me, hahaI took a short trade, expecting the market to follow a bearish structure. And it did! It made an uptrend, then it went up for quite a while, but now I am seeing a reversal pattern, and the fact that it hasn't broken the previous high just further confirms this potential downtrend My entry price is just above this current high, which makes it a perfect opportunity for me to move my SL to breakeven. Because after all, the entry price itself is the perfect SL for this trade. Still believing in a bear market guys, wish me luck! Entry/SL: 0.91444 TP: 0.90460
Short
by NhatHoang123
XAUUSD SHORT - Patiently and Carefully Look for EntryAfter completing an impulse and correction on the daily chart, I expect this pair to make another impulse and create a lower low. Considering that the pair is currently inside a resistance area with strong market structure and Fibonacci confluence, it is a good time to monitor price action development on lower time frames to find a good entry. A good swing target would be the 127.2% fib extension of the daily retracement. It is very important to be patient and careful with gold, it can be mercilessly manipulated .
FOREXCOM:XAUUSDShort
by Koyejo
SGDJPY SWING LONGWith this pair having completed an impulse and correction on the weekly chart, we can look forward to the next swing leg in the market; which should be an ATTEMPT by the pair to create another impulse and a higher high on the weekly chart. On the daily chart, this pair has just broken (and closed) above previous resistance; thus presenting a good opportunity to enter a long on this pair. If we get a retracement to test this area (which also has a confluence of the daily 61.8% fib, taken from the low of the circled red candle), it should act as support for the pair, then we can be searching for entries on lower time frames while the pair is in and around the area.
Long
by Koyejo
EURJPY Swing LongWith the possibility of creating, at least, an equal high on the weekly time frame, this pair presents a good swing trade opportunity. On the daily time frame, the pair is on a re-test of an important structure level. If the pair rejects this support level, then there is a high probability of the pair rallying from support. Additionally, an inverted H&S is forming on the 4hr time frame of this pair, which serves as good confluence for a long on pair. A more ballsy target would be the 127.2% fib extension of the weekly retracement.
Long
by Koyejo
NZDUSD ANALYSIS! DAILY TIMEFRAME (SHORT!)Good day traders! I hope you all have a great trading day ahead! Start off with NZDUSD! From Daily Timeframe perspective, price is obviously losing its bullish momentum and forming descending triangle (as shown in the chart). Therefore, a break of the support will expose the price to 0.633 (green). And a retest will occur at current support which may turn into resistance and price would be exposed to the further downside. Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Short
by ChinSengFx
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41. I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short. Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair. Please let me know your guys thoughts! *Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Short
by danieljamesfx
1
Huge short on CableCable has recently broken through our ascending trend line, is below out 50EMA and has clipped the 38.2% on the fib retracement tool. This can be an excellent opportunity to short this pair! I would advise using 1% risk for this trade for a 100pip stop loss, and for your to assign your own take profit and not the one showcased. The short position tool is to only advise where your stop loss should be and not where you should set your take profit. Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Short
by danieljamesfx