Similar to my previous long idea. But wanted to keep an open mind to both sides of the trade. Will let price action confirm which scenario is best.
EURUSD looks to be in a broadening wedge formation. Looking to take a long scalp off of the lower trendline support. My Plan Entry: 1.1105 for dip buy OR 1.1135 for breakout TP: 1.1205 SL: 1.1095
AUDUSD Long Scalp Plan These are possible scenarios I see playing out for 2/27-2/28.
EURUSD is trading in a broadening wedge pattern. Playing the rejection of upper trendline resistance. My Plan: Entry: 1.1226 TP: 1.1166 SL: 1.1246 60 pips gain > 3:1 R/R
*UPDATE* This trade is currently 30 pips in profit. I have trimmed a large portion of my position as 30 pips is usually my goal. Added a trailing SL @ -5 pips for remaining position.
USDCAD recently broke out of a wedge and is now retesting the wedge breakout level. I am playing a bounce off of the breakout level for a scalp back to the hourly swing high. My Plan Entry: 1.2785 TP: 1.2855 SL: 1.2765 70 pips gain > 3:1 R/R *not financial advice*
Most markets sold hard today due to news of Russia + Ukraine war beginning. In my opinion this is an opportunity to buy the fear but I am open minded to either side of the break of this corrective channel. My Plan for LONG: Entry: close above 1.1215 (2 consecutive bullish candles 5m time frame) TP: 1.1285 SL: 1.1995 60+ pips gain > 3:1 R/R My Plan for...
USDCAD LONG SCALP *UPDATE* This trade is currently 14 pips in profit. TP: 1.2705 I have added trailing SL @ -5pips
USDCAD Long Scalp USDCAD is trading in a symmetrical triangle.. I am playing the lower trendline bounce for a scalp with a tight stop loss below the low of the day. My Plan: Entry: 1.2685 TP: 1.2705 SL: 1.2679 20 pips gain > 3.5:1 R/R *not financial advice*
EURUSD Long Scalp *RESULTS* Entered at 1.1315 instead of 1.1310 This trade is currently 20 pips in profit. TP is at 1.1350 I have added a trailing SL @ -5 pips
EURUSD is currently trading in a downward channel on a smaller time frame, within a larger downward channel on the higher time frames. I am playing the lower channel bounce for a long scalp, with confluence at the 1.1310-1.1300 level that has been a support since 2/15/22 My Plan: Entry: 1.1310 TP: 1.1350 SL: 1.1290 40pips gain > 2:1 R/R *not financial advice*
USDCAD Long Scalp **RESULTS** This trade is currently 19 pips in profit. | TP is @ 1.2745 I have added a trailing SL @ -5 pips from current level.
USDCAD Long Scalp | USDCAD is trading within a range right now. Playing the lower range bounce for a long scalp My Plan: Entry: 1.2725 TP: 1.2745 SL: 1.2715 20 pips gain > 2:1 R/R
EURUSD LONG SCALP IDEA | EURUSD is trading in a downward channel. Playing the lower trend-line bounce for a scalp. For confluence: TTM Squeeze showing downward momentum is declining and RSI showing a bullish divergence. My Plan: Entry: 1.1310-1.1305 TP: 1.1345 SL: 1.1290 *not financial advice*
EUROUSD SCALP IDEA | Fib Levels drawn from previous day’s high to low.. Expecting a slight push lower to tag the 10% extension (1.1308ish) before a corrective move back to the .618 (1.1350ish) My Plan: Entry: 1.1310-1.1305 | TP: 1.1350 | SL: 1.1295 40 pips gain > 3:1 R/R not financial advice