Our alert on this pair went off today and presents a nice short opportunity! We always want to first make sure that the position we are taking is not highly correlated with our other positions. Once all of that checks out, we should be good to execute. In this case we have a nice 4 to 1 risk reward setup. We want to set a limit order near resistance and wait for...
This is my first posted trade idea. Here's a nice trade idea I have for USDJPY. I just entered on a limit buy order around support. If support holds we should get a 3:1+ RR on this trade. If you want to follow my signal you can enter now on a limit order for wait for a price action candle stick pattern to enter on a buy stop order which may give an even better RR....
Here's a breakout reversal play for EURHKD. Price has been locked in a range for months and finally broken out. We want to wait for the price to re-test the support area before going long. Enter long on buy limit order or on buy stop with price action signal. As with any trade, nothing is guaranteed. Size accordingly and manage your risk. Happy trading!
This is my second posted trade idea. The price initially broke out of the trading range and has moved back towards prior resistance. We expect that price will now act as support around this region. We have 2 entry options. We can use a limit order to buy around support or as I have setup in this example, set a buy stop order around the 4-bar price consolidation...