AEthelsam

AEthelsam Updated 

Trend on daily is almost reacted the top and it at the top of 4hour trend. Looking for long-term downwards target of around 142.000 which, is the the bottom of daily trend. I’ve increased the stop-loss due the pair being so bullish that accuracy is difficult for me to execute correctly, something I will be working on with future trades and back testing. I’ll also...

AEthelsam Updated 

Its sitting in small range at the moment. Entering a short. Tight stops as GBP recently has strong buying strength, but with UK news looks choppy.

AEthelsam Updated 

Gold is at the bottom of a small trend. Looking for a bigger push into large retracement on larger trend. 1750 is my target. Tight stop loss for risk management.

AEthelsam Updated 

I have long-term views on GBPUSD selling off. I don’t usually add onto negative position so, this is experimental for me. Looking at previous candles to determine a safe stop-loss and reasonable scope. The profit target will be the same as the last trade setup. What are your opinions adding to negative positions. I would like to know peoples thoughts?

AEthelsam Updated 

Daily small higher highs on the bottom of a trending line. High resistance since 22nd January. Unless engulfing candle pushes above 1.21880 I see a follow through lower to initially, 1.19650 and then surpassing that 1.16000. Trailing stop practiced if the position goes into profit. Stoploss is above previous lower high 1.22275.

AEthelsam

Holding below upwards trendline with double top forming. Looking at fib on daily I'll be targeting 6270. If double top doesn't form then trade isn't valid and will look for long positions.

AEthelsam

Heavy bull run over the last few weeks. News with easing of lockdown and weakness in dollar could mean continued bull run. 149.000 shows historical support and resistance from both levels. Looking for an attempted daily range resistance to have a retracement to the 140.000 area (bottom of support before bull run). Small position to control risk with 1:6.67 risk/reward.