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EURUSD - Check It OutHello traders, a like goes a long way so does a follow, so if you agree with this chart please give it a like and if you like to get notified when I publish a new idea give me a follow. Please if you find anything wrong with my idea please leave a comment explaining my mistake. Thank you, and good luck trading! Okay, so my stop loss was hit, but I was about 30 pips in profit before the reversal. I can see price heading to resistance/support price 1.17451 then shooting down again before shooting back up to resistance price 1.18651
by rubensanalysis
Feeling Long on GBPJPY after retest!Weekly - Stochastic around 40’s? Y o Previous low broken? Y o Previous high broken? N Daily - Stochastic around 40’s? Y o Previous low broken? N o Previous high broken? Y 4 Hour - Stochastic around 40’s? Y o Previous low broken? Y o Previous high broken? N 1 Hour - Stochastic around 40’s? N o Previous low broken? Y o Previous high broken? N 15 Min - Stochastic around 40’s? N o Previous low broken? Y o Previous high broken? N Indication: Price should test previous support zone. Weekly – 4 hour tells me that price should strike back up to resistance once it’s done testing the support. 1 hour and 15 min tells me that price still needs to fall further before it challenges at least 50% of last high using Fib! I set a buy limit @ 134.391 and will be watching price next week to see if there are newer high’s created before it hits that price point. If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT If you disagree let’s talk this thing out! I’m a new trader looking to learn and grow with this great community so let’s work! Hope your trading week is going well!
Long
by Redimere_91
Feeling Long on XAGUSD (Silver) Why will I enter?! Daily: Price is in a support zone. Stochastic is approaching bottom of the stochastic. This tells me that price should test resistance soon. Used Fib to track up to 50% of most recent high which near the resistance zone. Line is at 50.97. Last time price was around this range it shot up. 4 Hour: Stochastic is at the bottom of the line. This would normally tell me that price should test the resistance at some point. Line is at 27.08. Last time price was around this range price shot up. 1 Hour: Stochastic is approaching the top of the line. This tells me that price should test the resistance soon. However, I expect price to fall just a bit before it rises to resistance. 15 min: Stochastic is at the top. Tells me that price should fall at some point. However, I see no new lows are being created. Looking for buy limit or buy stop. 5 min: Stochastic is approaching the top of the line and no new lows are being created. • Market Execution (Buy Stop activated @23.503) If you agree I would appreciate your LIKE, FOLLOW, OR COMMENT If you disagree let’s talk this thing out! I’m a new trader looking to learn and grow with this great community so let’s work! Hope your trading week is going well!
OANDA:XAGUSDLong
by Redimere_91