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EURUSD still upside target of 1.3100Our upside target of 1.3100 still remains, we have a potential harmonic formation to be formed. We can expect 1.1800 to be retested as outlined in our previous posts (A potential bullish harmonic formation to be formed with “D” lining up with 1.1800.) For those of you that haven't entered the long can look for entries around this region with bullish PA confirmation. I will be upload another analysis of the H1 timeframe to outline the potential bullish harmonic to be formed. I will relate the next post to this analysis.
Long
by SERGENAYTUG94
GBPUSD - Large Stop loss ahead of NFPLarge stop loss ahead of NFP, if price moves in anticipated direction then positions will be added post NFP at key price levels and stop loss will be tightened. If price does break and close below the channel with bearish PA then this trade setup is no longer valid. It is a risk taking this trade as we are trying to predict NFP. However, all price action lines up with a potential negative NFP. The large stop loss is to protect agains large wicks and volatility.
Long
by SERGENAYTUG94
USDCAD UPDATE 2 Our Short Setups still remain as explained in our related idea (See links below). However, this post is to explain how the stop loss can be extended to 1.35200 in case of high volatility on the back end of NFP. We will seek bearish PA confirmation around 1.33950 - 1.34500, ideally 1.3400. As this will probably be traded pre-NFP we need space for some volatility. Therefore, trade half the usual lot size and extend your stop loss to 1.35200. However, these points will be clarified as we get closer to NFP and on bearish Confirmation.
Short
by SERGENAYTUG94
EURUSD Long Setup Sometimes the simple trades are the best. Can anticipate a short to retest the breakout of the trend line. We have divergence on multiple time frames. We can have a buy limit order around 1.12135 with stops around 1.11750. For those of you that are sleeping, you can always wait for price to reach the trend line and seek bullish confirmation before entering. I will have an alert set when price reached close to my buy limit order - if PA does not match my criteria then I will not be entering the trade. However, the setup is as follows: Buy Limit Order: 1.12120 Take Profit 1: 1.12500 Take Profit 2: 1.12800 Take Profit 3: 1.13000 Once each target had been met trade and risk management is key. If price does breach and close with bearish PA below the entry level then the setup is no longer valid and new setups at support 1.11870 can be anticipated.
Long
by SERGENAYTUG94
AUDJPY Short SetupIf price breaches and closes above the resistance of 79.460 with signs of bullish momemtum then the trade setup is no longer valid. However, this trade setup can be traded on the breakout below the blue rectangle outlined; or if price retraces on the M15 and M15 window to 79.365 or resistance of 79.460; on bearish confirmation this trade can be executed. However, this trade setup is as follows: Sell Stop: 79.230 Take Profit 1: 79.050 Take Profit 2: 78.755 Stop Loss: 79.530
Short
by SERGENAYTUG94