USDCAD clearly in a bullish trend and it has given a retracement to below the Golden Zone of the Fibonacci. Confirmation received from looking at the COT data for the dollar index from an institutional level link to the COT data attached apply proper risk management and reevaluate the position in a few days should take some time to develop but high probability...
If you look at the COT data on Gold institutions have been adding shorts while reducing the long positions. Gold is also in a descending channel at the top of the channel which is confirmed also but the FIB on the Golden Zone between 50 and 61.8 level therefore high probability Short in my opinion Apply proper risk management and allow the trade to come to you.
USDZAR Short with a 1:2 RR Ratio Please comment if you agree or disagree and help each other improve on the skill. NB! Practice Proper Risk Management
I am looking to Short Nas100 Short term( The Market is bullish but you need to go find liquidity somewhere, the 13 600 range is the likely point in my opinion) Price is overbought and touched a previous resistance only to retrace, this may be a sellers trap so I would be conservative with my lot size and risk. This may be a quick move, be disciplined is setting...
Buy Nas100@ 12854.3 SL @ 12694 TP Target @ 13380 1: 3 Risk to Reward Ratio Nas100 completed a setup of a Inverted Head and shoulders on the daily Chart Manage your risk and this is a long term trade make take a day or two to complete
Entry @ 1.20168 TP = 1.21705 SL = 1.19470 1:2 Risk to Reward Ratio NB! Not Financial Advise please do your own risk analysis, and see if trade fits your trading plan before taking trade
Entry = 1.39445 SL = 1.38382 TP = 1.43809 Risk to Reward 1:4 - On the daily Chart NB! Not Financial Advise please review bases on your trading plan This is a long term outlook TP could be reached by Next week! Also not fundamentals can invalidate a trade and seek to ensure you have your basis covered
Entry @ 15.10014 TP 1 = 15.37800 TP 2= 15.69900 NB! Not Financial Advise, Please validate against your own risk apatite, also se if the trade fits your trading plan DXY - Dollar Index is on a verge of getting out of a slump, It broke the 50,100 and 200 day EMA's to the upside which indicates the dollar gaining strength back. Which supports this trade
NB! Please do your back testing and see if you agree, this is an idea and in no way shape or form is it financial advise! Price is at the top of the trendline @ 77.7 Short- 1st TP Target is at the 73.900 Range Short- 2nd TP Target is at 71.700 Range Stop @ 79.060 1:3 Risk to Reward Ration Please comment if you like the idea. Kind Regards,
NB! This is not financial advise please do back testing against your own trading plan Overall Target in the 71.700 to 71.300 Range 1:3 Risk to Reward Ratio
Nas100 Shor idea, but be careful the news of Tesla Investing in Bitcoin might fuel a momentary buying pressure but not anticipation to last as a bearing Head and shoulder is forming on Nas100. NB!!! do your own back testing with your strategy or trading methodology.
This is not Financial Advice. Looking to buy today - 2021/02/04 But overall bias is still short around the reaction zones
Short Bias not yet valid but in the next two days will be looking to short inside he reaction zone = Primary Target would be 13 400. Overall Short Target will be at the 12 800 level Nas100 is currently trading on Market Equilibrium any shift in fundamentals will swing the market in a set direction( Negatives will drive price down extremely, Positives will do the...
Look to 13400 to see reaction of price to determine if I am going short a long, Bias is short
Please note I am a Beginner in the process of learning, this is not financial advise NB!! any comments appreciated for the sake of learning otherwise say nothing, Also perform own Analysis to verify