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Profitfxza

USDZAR Trade IdeaConfluence of a few factors: 1. Downward trend line serving as resistance 2. Bearish engulfing candle pattern (sell signal) 3. Pinning 21 SMA 4. All happening at 14.13959 short term resistance I am selling at market price with #Sl just above the bearish engulfing @ 14.18403 and #Tp lower down at previous demand zone around 13.85317 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
USDCHF trade IdeaThe yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance level higher up @ 1.00496 Don't bet the farm and never invest what you can't afford to lose. For full details on trade management join me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
NZDJPY Trade IdeaThe resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend. I will be looking to sell IF the following conditions are met: I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to consider shorting this pair The area of interest is 75.296 for the entry and Stop just above the fibo levels with enough room to breathe @ 76.400 and Take profit lower down @ 72.974 (note the incremental tp levels marked with red lines) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2
AUDUSD Trade IdeaLower highs on Daily and H4 time frame = bearish market structure I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short. The area of interest is 0.71209 to look for price action clues and if I short: Sl will be above the trend line where I deem the setup invalid @ 0.71605 and Tp lower down at support @0.70046 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
1
USDCHF Trade IdeaWhen checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to buy at will be 0.99336 with SL below the previous swing low @ 0.98576 and Take profit higher up just below resistance @ 1.00496 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
USDJPY Trade IdeaWe saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels. Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair: IF the above happens I will have my stop above resistance at 10.885 and my take profit lower down at 108.992 (support seen on D1) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2
USDCAD Trade IdeaI am only looking to buy as I can see the market is currently bullish on the weekly and daily time frame. The last bullish impulse move took place and I want to see if the pullback is a correction by testing the 61.8% fibo level. IF a buy signal prints on the 61.8 retracement level (1.32611) I will open a buy order with my stop below support and targeting resistance. Don't bet the farm - always exercise good risk management :) Hit the like button if you dig it and feel free to share if you feel like it.
Long
by Cmasterza
AUDUSD Trade IdeaLooking to trade the bounce off the major support (marked the false breakout with a yellow box) Now that the impulse move has shown a retracement pinning the 61.8 Fib level making it good for a buy with a strong risk to reward ratio... I am buying at market price @ 0.70628 and TP @ 0.71601 (resistance) and SL below the low @ 0.70454 The market offers no guarantees but with a risk of only 17 pips and 98 pip reward it certainly makes this setup worth looking at. Dont bet the farm, as usual always exercise good risk management!
Long
by Cmasterza
GBPNZD Trade ideaThere was a false breakout above the resistance level at 1.93982 so I have been waiting for a short signal which has been completed. Notice the bearish engulfing candle pattern that has printed and pulled price back below the resistance level? Thats the signal... Shorting at market price 1.93895 with Stop loss placed just above the bearish engulfing pattern at 1.95256 and Take profit lower down at the previous swing low @ 1.90016 As usual don't bet the farm and always exercise healthy risk management :)
Short
by Cmasterza
USDCHF Trade IdeaThe resistance level has been pinned and price is around a key supply zone on the Daily time frame - I am shorting at market price with: Stop loss 25 pips from my entry (just above the highs) making this an ultra low risk setup (Sl at 1.00288) and Take profit lower down at the support level at 0.99256 This trade offers a 1:3 RRR Don't bet the farm and always exercise healthy risk management :) PS: Check the bearish engulfing pattern on H1 confirming the short....
Short
by Cmasterza
Bears possibly setting up on goldWhen checking the weekly time frame you can notice the higher lows and equal (more or less) highs which provides the emerging ascending triangle pattern. Price is now around the resistance area on the weekly time frame so I will be looking on H4 for a good entry to short this instrument (1000 pip potential) HOWEVER price is currently in an up trend when checking trend bias using the top down method - its not favorable to sell in an up trend so we would need a convincing quality setup to swing down with the bears to around the 1247 level... More details to follow - please check details below for access to Forex Bootcamp and the online training portal. Happy trading :)
FOREXCOM:XAUUSD
by Cmasterza