AUD/NZD breakout on the 30 minute chart is going to happen soon. Ready for both sides of the trade. Symetrical triangle forming. Would recommend on selling with 2 orders(If you're going to sell 1 lot normally, make 2 orders with 0.5 lots each), so you can close one of the positions half way to the target, move the SL of the other order to break-even and let it...
GBP/JPY Buy the breakout of the upper trendline. TP @ the resistance line, with a SL below the trendline. RR: 1.82
USD/JPY Broke the upper trendline, but then broke down after a head&shoulders pattern. 2 Support lines below current price. Sell @ the upper trendline, with a TP at the first support area. Buy @ lower support, TP at the higher support which will turn into resistance after a breakout. RR Ratios of: 2.29 1.66
Sorry for not posting for some time. Seems like the market closed as a breakout was happening. There is a resistance level right on top of the trendline. Planning on selling at the resistance level(or at open), with a SL above the level. Will probably use a trailing stop but depends on the situation of the market. Planning on buying at the SL of the other...
I will update as time passes. Currently the plan is to sell at the resistance, with a SL above the resistance and the trend line. TP will be updated later, but right now its @ 1.22032.
USD/CAD Currently falling below a trendline. Sell below the support, because it will be the breakout of both the support and the trendline. Buy above the resistance. You can also range trade if you want to.
EUR/JPY Near/At a resistance zone Sell Order: Sell when the market opens to range trade. SL above the area. Use a trailing stop with a value you want. Buy Order: Buy if it breaks out of the resistance zone to do a breakout trade. SL below the resistance(which will turn into support after breakout). Use Trailing Stop, but also have a TP set at the next...
EUR/GBP Near/At a resistance zone Sell Order: Sell when the market opens to range trade. SL above the area. Use a trailing stop with a value you want. Buy Order: Buy if it breaks out of the resistance zone to do a breakout trade. SL below the resistance(which will turn into support after breakout). Use Trailing Stop.
On a shorter timeframe(4H), there are resistance and support levels. I will be selling the breakout of the support, but not buying the breakout of the resistance because it provides a bad RR if we TP at Daily Trendline. Sell at the daily trendline as it will probably bounce back, but close the position and enter a long if it breaks out of it. The TP's are not...
AUD/USD 30 Minutes Triangle Breakout Buy @ 0.77014 TP @ 0.77228 SL @ 0.76881 Sell @ 0.76633 TP @ 0.76392 SL @ 0.76792
Decided to change my idea once I saw this. I have no idea how I didn't see it before. Sell @ 0.76633 TP @ 0.76392 SL @ 0.76792 Buy @ 0.76909 TP @ 0.77188 SL @ 0.76767
GBP/USD 30 Mins Breakout. Sell @ 1.25066 TP @ 1.25711 SL @ 1.24802 I might close the trade earlier in profit depending on how it goes. Not sure if the TP is a bit too far.
USD/CHF Broke out of a trendline and a bit before the market closed it came to retest the trendline. Seems like there was a bounce back seen from the 2 bearish candles after a streak of bullish candles. I will sell at the open if there isn't a gap. Sell @ 1.00244 TP @ 0.99958 SL @ 1.00451 RR 1.33
GPB/USD Hourly chart breakout. Sell @ 1.23660 Tp @ 1.22662 Sl @ 1.24375 RR Ratio of 1.4
I won't be trading the breakout of the downside , only the upside. Once the trendline and the resistance line is broken buy , with a Take Profit near the resistance level after that. Stop loss below the trendline.
The market hasn't opened yet, and I decided to change my previous idea. This trade has a bit lower Risk:Reward Ratio, but I think it will be a better trade as the previous trendline had a fake breakout once, and might have it again. I won't be trading the breakout of the downside, only the upside. Once the trendline and the resistance line is broken buy, with a...
The breakout could go either side. I will also publish a idea for the breakout of the longer bottom trendline, if this breaks this bottom. If not there is no need as there will be no breakout.