CADSGD 4h AutoUFOs™ Trade Alert! 24 May 2019Execution:
Sell Limit @ 1.0260
Protective Stop Loss @ 1.0285
Take Profit @ 1.0185
Rationale:
Sell Un-Filled Orders (Red UFO ) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO ) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CADSGD trade ideas
CADSGD 4h AutoUFOs™ Trade Alert! 24 May 2019Execution:
Sell Limit @ 1.0260
Protective Stop Loss @ 1.0285
Take Profit @ 1.0185
Rationale:
Sell Un-Filled Orders (Red UFO) available in the 4h time-frame
Buy Un-Filled Orders (Green UFO) further below allowing for the current trend to continue developing
Boosting Options:
Higher time-frame moving average values or Fibonacci retracements coinciding with the entry price
Confirmation-style Market Order execution after waiting for price to travel in and out of the entry UFO
CAD/CGD: Daytrade-Setup!Hey tradomaniacs,
welcome to another free signal!
Important: Risky trade against the impulse. A retracement is very likely! Wait for the break above the trendline and place your oder!
-----------------------------
Type: Swingtrade
Buy-Stop: 1.01128
Stop-Loss: 11.00823
Target 1: 1.01400
Target 2: 1.01700
Targt 3: 1.01943
-----------------------------
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
CADSGD Long3 Signals fired here today. Counter signals most likely are coming from down day with heavy rejection.
So 2 ways to read this trade right now. Counter trend but early to reversal. If all 3 signals are false on this trade then have to re-analyze signals and re-tool indicators for this algo.
Backtest has 100% win rate on this pair with only 2 trades.
Negatives:
Against GUPPY trend
CADSGD: Quick sell opportunity.The price has been trading within a very steady 4H Channel Down (RSI = 31.405) on a slow pace (MACD = -0.003, Highs/Lows = -0.0034, BBP = -0.0087). This creates the condition for a quick short profit on a 1:1 RR with TP = 0.99800.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
CADSGD: Target hit. Channel Up continuation. Long.TP = 1.06200 hit as despite a deviation, the 1W Channel Up (RSI = 55.270, MACD = 0.004, BBP = -0.0120) made a Higher High near 1.07500. With the Highs/Lows = 0 (neutral), we can assume that the Higher Low is already priced and that the Channel Up will seek a new Higher High on CADSGD. Long TP = 1.0700.
Target hit. Channel Up on 1D. Long.TP = 1.03200 hit on the previous 4H Rectangle with CADSGD extending the 1D Channel Up (RSI = 53.764, MACD = 0.003, B/BP = 0.0016), which as seen on the chart (also by the neutral Highs/Lows = 0) has just priced its Higher Low. This is the best place to go long with TP = 1.06200.