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USDJPY | SHORTEntry Range: 114.076 - 114.181 Avg . 114.152 (RRR: 2) 1st. Profit Target: 113.877 2nd. Profit Target: 113.463 Stop Loss: 114.291 HOW TO ENTER MY TRADES 1. Ladder your entries. You'll want to ladder place your orders exponentially within the Entry Range to the point your RRR is atleast 1.5 if fully filled. 2. Only first touches are valid. If price is rebounding back into the entry zone after either the profit target or stop loss was hit the entry zone is no longer valid
Short
by Event0011
1
DXYHey Traders, hope you had a great Weekend. it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too. in this week we will be focusing on the selling opportunity of USDX around the weekly supply zone at 95.3, once we will receive any bearish confirmation the trade will be executed. Happy Monday, Joe!
ICEUS:DXYShort
by JoeChampion
9
XAUUSD analysisHey Traders, in the coming period we are monitoring XAUUSD for a buying opportunity around 1834 zone, we might see a pullback from 1865 zone towards more 1834 zone before the big rally into more highs probably! back then we might execute the trade if we receive any confirmation, in Monday our focus will be on the selling opportunity at 1865 zone respecting the descending trend in combination with the strong supply and demand zone. we will not risk a lot in that trades just few pips will be enough. don't forget that you should always respect proper risk management, especially with gold and commodities since their movements are more strong comparing to other pairs. always risk between 1-3% of your account so in the worst scenario you'll not get knocked out from the market with a losing trade. a lot of traders get knocked out from the market because they risk 30-50% of their account in each trade and in that sense 1-3 losing trades will kick them out from the market, but a reasonable trader that risk 1% of his account and aim high he will get knocked out from the market after 100 losing trades in a row and the probability for that is close to none, that's why money management is the key success to trading more than the other tools. thank you for reading my text with attention, always happy to help! Joe.
OANDA:XAUUSDShort
by JoeChampion
7
MPC Trending Higher Towards 75Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The stock MPC appears to have broken out from a symmetrical triangle setup, with the resistance line making lower highs of 65.30 and 60.50 and the support line making higher lows of 50 and 53.30. The stock broke 2 levels of resistance, one at the resistance trend line of the symmetrical triangle and the other at a horizontal resistance level of 65.30. Expectations are for MPC to continue higher and test the 75 price level. If the pattern fails, MPC can decline back below the 65.30 resistance. From a longer term perspective MPC is trending higher, with support observed around the 64.72 price level. Technical Indicators The technical indicators corroborate the bullish trending nature of MPC. The stock is trading above its short (50-MA), medium (100-MA) and long (200-MA) fractal moving averages. The RSI is above 50 and the KST just recently had a positive crossover. Recommendation The recommendation will be to go long at market, with a stop loss at 64.70 and a target of 75. This produces a risk/reward ratio of 1.75. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes.
NYSE:MPCLong
by Ceddy86