SIMILAR IDEA WITH AUDCHF, BUY NZDCHF, PICK ONE!SWING TRADING JOURNAL
I'm bullish for NZDCHF and this is my plan
I will;
BUY NZDCHF somewhere at Green Box (try to buy lower as possible)
SL below RED LINE
Final TP at Blue Box
If you trade AUDCHF, do not trade this!
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bullish structure still valid
6. etc
No Profit Guarantee, Good Luck!
RR
TRADE IDEA, BUY AUDCHF AT 61.8 FIBONACISWING TRADING JOURNAL
I'm bullish for AUDCHF and this is my plan
I will;
BUY AUDCHF somewhere around 61.8 FIB (try to buy lower as possible)
SL below RED LINE
Final TP at Blue Box
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bullish structure still valid
6. etc
No Profit Guarantee, Good Luck!
Long Term Analysis on Rolls RoyceLSE:RR. OTC:RYCEY
Looking at RSI trendline, support trendlines, volume, the stock looks like it is preparing to go somewhere.
The last Impulse wave began in October 2020 and ended in December 2020.
I believe we are about to complete the correction we are in since December 2020, and preparing for another move up in the near term.
TRADE IDEA, BUY CHFJPYSWING TRADING JOURNAL
I'm bullish for CHFJPY, and this is my plan
I will;
BUY CHFJPY somewhere at Green Box
SL below 116.820
Final TP at 118.240 (Blue Box)
Manage this trade with your trading style, maybe you want to;
1. Close your position early (at 1R, 2R or any profit level)
2. Move your SL to break even
3. Scale out
4. Trailing stop
5. Re-entry if bullish structure still valid
6. etc
No Profit Guarantee, Good Luck!
Rolls Royce - Do Not Miss The Big Opportunity in RRThis is at strong support both technically and psychologically as it is at £1. I do not expect this to drop anymore from here, if it does then a quick bounce back should be expected as can be seen on the 21st December 2020. I have set TP at the previous high of 146.45 and then another target at 164 if it breaks the previous high.
EURUSD Short 2:1 RRThe Euro demolished the Dollar for the back half of 2020 and retrace to some level makes sense. The market seems to have exhausted some buyers which is evident on lower highs and the failure to squeeze sellers from 1.2347. The dollar may continue to weaken in the coming months, however there is definitely a correction due. Based on analysis I see smart money attempting to use sell stops at or below 1.2121 from any longs to try and flick the domino and send price back down to 1.2029 where the December move began. Expect for 1.2012 to be choppy if it drops to that price.
EURAUD - Multiple TF Technical Analysis - 3:1 RR Opportunity 💰We have a channel formed over the last 2-3 years and we have just tapped the bottom on the weekly chart and observed an almost perfect hammer with increased amount of volume compared to the last 8/10 weeks.
If we look on the lower time frames, price decreased rather quickly, 22 days to the bottom vs. 33 days to the previous top of the channel.
This leads me to believe a bullish correction is coming this next week to 1.654 before we start to see another drop aka buy opportunity until we ultimately reach ~1.68. IG Sentiment currently shows traders are overwhelming LONG (76%). Just to be safe I'll be using a 1.5x ATR of ~200 pip SL, which should be enough wiggle room to hit the strong support zone just below.