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Short-setup

A TAKE ON - GOLD (US$/oz)Expecting Gold to make one more move up and retest the 1340-1360 levels before coming back down to the 1130. It 's still a little early to say whether it will be a Flat correction or not but I'm definitely expecting a move to the downside. The possibility exists that it won't go for the 5th wave up and will just drop from where it is now. Whatever the case may be the overall bias is definitely bearish not bullish for the recent future according to my analysis. Any buys should be very short term in my opinion. My personal details: Short @ Entry: 1280 or 1360, SL: 1400, TP: 1130 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
TVC:GOLDShort
by Aqua_Trader
1
GU Wave Riders!GBPUSD is a beautiful pair at the moment. Price has pulled back to a 38.2 fib zone and lower Time Frames are crating seller momentum. Structure is important to analyze before, during, and after your trades. All Technical Analysis and pure structure. Using Fib levels as Take Profits. Enter on pullbacks and your own confirmations. Most Likely TP @ 1st TP, then re-entering. Not predicting huge amount of pips but intra day setup can easily turn to TP 2 & 3 with momentum. *************** Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
Short
by draked11
potential short on USDJPYHey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling has continued to keep price bearish. I know some traders have already entered this trade, however i'm going to wait until price moves below the current structure zone it sitting on, this move may only be a matter of hours. So potentially enter around:112.75 TP1: 112.00 TP2: 110.00 SL: 113.50 Good luck traders, let me know your thoughts. Plan your trade, trade your plan.
Short
by Frankyfnz