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Telphee

EURUSD SHORT!_xxxUSD Lower- USDxxx Higher- Simple.Stop at 1.16264. Strategic Entry 1.16020. Rolling it for a 2-1 risking 1% of account balance. Goodluck! T1 1.15766 T2 1.15512 T3 1.15258 The red and green P&L drawing appears deceiving. Because it was drawn on a higher time frame it appears as though price has been traveling through it for the last day or two. The drawing was applied 10 minutes before the article was written. Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember we are only discussing opinions. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
Short
by UnknownUnicorn981629
EURCAD_Short the bearish wedge_1 hour TFBearish wedge breakout. Going to short the pin bar. Setup bar H - 1.49512 L - 1.49200 Difference of .00312. Entry 1% short at a break of the low, 1.49195. Stop at 1.49519. Difference of .00324 pips. T1 - 1.48871 T2 - 1.48547. Since I'm only risking 1% I'm only trading to T1, if I could risk 2% I'd put 1% on T1 and trail the other 1% to T2. Good luck! Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Full-time college student majoring finance working full time with a small dealership in western VA. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember it is only an opinion. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
Short
by UnknownUnicorn981629
EUR/USD_Head and Shoulders unfolding_Trade!_Exciting week ahead!4 Hour time frame. Levels mark previous levels of interest. Currently EUR/USD -0.03% is forming a major head and shoulders pattern. Check my post from last week where we identified the move days before the news announcement that triggered it. Our bias is short because of the intensity of the head and shoulders setup. We must anticipate the big week ahead. There is a high probability of volatility this week with the Federal Reserve taking stage Wednesday at 2:00 pm. In the event that price moves higher I will be ready to get a strategic position to ride the head and shoulder pattern lower to levels specified in the original post. Also XXX/USD pairs should move lower and USD/XXX should move higher. Fibonacci retracement from the latest highest high to the latest low suggest price should at least test 1.16750, which confides nicely with the previous level marked by the black dotted line, which is the lower part of the right shoulder in larger context. Seems like a sweet spot to roll over. If things get really messy, 1.1700 looks like it should be pretty solid. Short bias will be invalidated if price closes above 1.17100 on the daily. The possibility exists that price does not retrace like I expect. In which case 1 hour time frames will be the only effective way to enter as price rapidly moves lower. Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures , Stock, Options, Cryptocurrencies and Nadex. Also, a full-time college student majoring finance working full time with a small dealership in western VA . I work diligently pursuing my dream of professional trading. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember it is only an opinion. Very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
Short
by UnknownUnicorn981629