Our trend following indicator got us in this good ripple trade yesterday. ZenTrendFollower:
Pay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile + EW Expecting a bounce off of the Fibonacci region highlighted on the chart. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account,...
Pay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile + EW Price is showing a nice rejection of a structure level so I am more inclined towards selling If Buy opportunities arise I will update below For risk and money management purposes, always determine a...
EURUSD Forecast - location - setup Chart ready for next week scenario and analysis: 1- Look at price action 2- If price breaks support 1 then the target is support 2 3- At support (1 or 2) price could bounce to resistance area 4- Out of resistance area, if price breaks through and close above (PBT&CA), BUY 5- At support level 2, if price breaks through and close...
ETH dropped since our last post but has found around $204 and has bounced back up to near the 38.2%FIB level. If we break and close above, we could see another test of the supply zone above around $229-$230. The FIB level could be another area to add to the short but one must keep an eye on BTC and whether or not this has the momentum to break higher. RSI is...
USDCAD forecast - location - setup Three possible cases. Case 1: Buy stop 1.30550 TP: 1.31300 SL: 1.30300 R/R: 5 Case 2: Buy limit order at 1.29815 TP: 1.31300 SL: 1.29750 R/R: 22.5 Case 3: Wait price in support zone If price breaks through and close below (PBT&CB) 1.29760 then sell. TP:1.29045 SL:1.30000 R/R: 2.98
AUDUSD forecast - location - setup Two possible scenarios for this week: - Green arrow: Price tested an old and strong weekly support but USD is not strong enough to break it definetively; rebound up to channel line. - Red arrow: support is no more valid; bear shooting star formed on friday and moving averages are going south. Enter below 0.71300 and keep open for...
the last major drop is still clean and clear. big money causes that, the drop still should continue but it probably won't be a fast drop, but in my book it will still happen. due take into consider that this could range due to the way that it went up back to the breach level. it did take two days to get back up there so that has to be taken into consideration.
Expecting the index to come into the 0.382 - 0.5 fibonacci region before bouncing back higher and retesting the 97.00 mark. The 97 level happens to be a round number so it serves as a psychological level and it is the highest level reached so far this year. Let's not forget that the Fed's Interest Rate decision is due next week and with another rate hike (3rd...
Details: Buy Stop Order @ 1.2755 Stop loss @ 1.2587 (168 pips) Target @ 1.2952 (197 pips) R/R = 1.17 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration...
Pay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile + EW Expecting a bounce off of the Fibonacci zone For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to...
Shoot for : 0.24668194 - 0.24997625 USD Stop-Lost : 0.16073647 Thank me later :)
Pay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile + EW For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and...
Pay attention to the updates section as I will be posting when I will be entering my trade. The analysis is made based on order flow using volume profile + EW For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and...
Potential small bounce then resistance ahead. enjoy! secret sauce: Cheers, Keops
The pair seems to be forming a classic flag pattern which is why I will be looking to catch a measured move all the way up to the 1.32155 level. Details: Buy Stop Order @ 1.31830 Stop Loss Order @ 1.31530 (30 pips) Take profit level @ 1.32155 (29.5 pips) Risk - Reward ratio = 0.98 For risk and money management purposes, always determine a max. of 2% risk...
Details: Buy Stop @ 111.180 Stop loss @ 110.700 (48 pips) Target @ 111.835 (65.5 pips) Risk - Reward ratio = 1.36 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to...