We are looking at USD/CAD (4h timeframe). What we are waiting for is break to the upside and then trend continiuation. We will entry around 1.3160 area. Profit will be taken at 1.340 and stop loss is placed at 1.3050! We wish everyone a great weekend!
USDJPY sell setup when price touch trendline and resistance at 26/04/2016 FX:USDJPY
on the 4H chart the long term resistance line has just been touched. this has been followed by a nice engulfing candle setup. the recent uptrend support line has also been broken. the 1H chart also shows what looks to me like a head and shoulders setup. all of this is telling me that i believe it will go short.
Here we see that previous structure support was broken and a lower low, lower close was formed (LLLC). I waited for the pullback and traded it, now looking for 3 take profit targets from using the fib. retracement. Entry: 1.4453 TP1: 1.44073 TP2: 1.48785 TP3: 1.43318 Remember to roll stops to break even when first profit target is hit.
USD/JPY CONSOLIDATION TRADE? USD/JPY TRIPLE TOP RESISTANCE AROUND 109.50 AREA GOOD RISK TO REWARD HERE TAKE PROFIT RIGHT AT 38.20% MAJOR STRUCTURE SUPPORT LINE STOPS ABOVE RED LINE
This is an opportunity i've had on my radar since last friday. As the market slowly retraces back into our structure resistance levels this potential bat formation sets up @0.7911. Right now i'm looking for a rally up into this level to hopefully see a correction into our targets. For now all you can do is sit and wait! Good luck trading everyone!
there is a bullish 4h setup, entry at price: 1,13153 take profit: 1,14034 Stop Loss: 1,14034 A Time management and Money management must be applied to the signals. Always have time stops in mind. This signals are part of my trading system that I have created for my students, it’s easy to use and is with a straight rules. so 100% clear. The market...
A clean break of the 79 level would see price head towards the 77 level. We have already seen a break and retest of the 80.50 level where price has headed south and bounced of the 10 EMA. The long term outlook for this pair would be past the 77 level where we have the potential to reach the 75 level. However if price does not break the 79 level we could see...
Posting educational material, looking back at the trading from the past week. RR Setup Risk Management Confirmation Essential abillites you need to posess to becom a successfull trader. Visit my live channel for trading inbetween monday-friday during london and NY sessions twitch.tv/smokeintheeye88 - Give me a follow and youll get notification when im...
Open short at 46 with SL at 47.09 TP 1: 43.96 TP2: 41.9 TP3: 40.03 Good luck to me!
This pair hasn't been trending for a couple of weeks now and so we're in a nice consolidation zone. Once such a zone shows up, advanced pattern opportunities occur and here is one of them. Let's take a look at this bearish gartley setup: We're looking for a rally into the 1.6746 level to get short and hopefully get a pullback into our target points. This idea...
It will be great trade , it's early however. We are currently trading below Monthly Resistance and above Weekly Support. Price is between two very important levels , price can go up sharply , down as well. I will stay out for now and Will watch this currency pair with caution. My idea is , If we see Weekly Close above Monthly Resistance (1,64500) , we can see...
COUNTER TREND OPPORTUNITY PAIR: AUD/USD TIME-FRAME: 4HR TRADE: COUNTER TREND TRADE Hope everyone is having a good April for trading, we've have been doing extremely well in the live room with a lot of pattern wins on Gold and a lot of great setups thus far. IF = Price action reaches our PRZ THEN = Look for Bearish confirmation NOTE: These are...
I expect Euro & Chf to get stronger in coming days. And from R:R point of view this should be taken by experienced traders.