MatthewLundgren

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.11% Reward: 5.31% Reasons for Entry: Break and retest of a strong support zone , should see the pair go down from here. Reasons for SL Placement: Above the broken support zone , gives room for it to wick above and move around a bit. Reasons for TP placement: Good RR, honestly price shouldn't see much...

MatthewLundgren

Setup Timeframe: 4H Exeuction Timeframe: 4H Risk: 2.52% Reward: 7.42% Reasons for Entry: Pair appears to be in a downtrend, recently broke through a strong resistance zone and retested it, then came back down. Looking to enter on the retrace, placed order between the 50% fib and 61.8% fib levels (bearish). Reasons for SL placement: Above the 78.6%...

MatthewLundgren

Setup Timeframe: 4H Execution TImeframe: 4H Risk: 2.28% Reward: 7.3% Reasons for Entry: Pair is making lower lows, signaling the start of a downtrend after the rejection of the daily 61.8% bearish fib level. There is also an important zone around 1.43616 where price was a resistance, then broke and was a support, and now broke down through it again, should see it...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.25% Reward: 4.56% Reasons for Entry: Pair has been respecting the bearish TL, creating lower highs and lower lows, on the bigger picture, it rejected from a 50% bearish fib level. Set the order at the TL and 50% bearish fib level of the recent move down. Reasons for SL placement: Above the 78.6% level, and...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.1% Reward: 4.09% Reasons for Entry: Clear rejection of the 50% bearish fib level and a resistance zone, and BRC of bullish trendline. Reasons for SL Placement: Above the resistance and 50% fib level. Reasons for TP placement: Above the previous swing low.

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.2% Reward: 4.59% Reasons for Entry: Coming down to a monthly support level that also matches up near a 50% bullish fib area. Set the order somewhat above the support level. Reasons for SL Placement: Below both the support level and the 50% fib level, gives it room to move around a bit and have wicks. Reasons...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.3% Reward: 5.1% Reasons for Entry: Sell order set just below the 50% bearish fib level, which also matched up with the 200EMA on the 1H chart. Pair is in a bearish trend on the daily chart. Reasons for SL placement: Above a recent small swing high, and right above the 78.6% fib level. Reasons for TP...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.56% Reward: 6.28% Reasons for Entry: In the 50% - 61.8% bearish fib zone, the 61.8% fib level also matches up with a daily support zone that was broken, and should now act as resistance. Reasons for SL placement: Good distance above 61.8% and broken support zone, room for it to make some noise. Reasons for...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.45% Reward: 4.6% Reasons for Entry: Broken through a daily bullish TL, and is now retesting it, showing a lot of rejection wicks. Also at and rejected a 78.6% bearish fib level. Reasons for SL Placement: Above the 78.6% fib level, well above the rejection wicks of the broken TL. Reasons for TP placement:...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.83% Reward: 8.06% Reasons for Entry: Showing rejection of a monthly broken support zone, which is also in the 50%-61.8% fib level zone. Reasons for SL Placement: Enough space above the 61.8% level and the broken support Reasons for TP Placement: Has a good RR, and down at a level that has once provided some support.

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.79% Reward: 6.43% Reasons for Entry: Bouncing off the 61.8% level, below the 50 and 200 EMA on the 4H chart, so bias is short. Reasons for SL placement: A good amount of room above the 78.6% fib level, at this point a short wouldn't be convincing, it could be reversing the trend if it reaches this...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.91% Reward: 5.05% Reasons for entry: Showed rejection of the 61.8% fib, and it's below a broken bullish trendline , so bias is short. Reasons for SL placement: Above the broken TL. Reasons for TP placement: At the -0.27 fib extension level, may move down if trade goes good to capitalize more on the...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Risk: 2.17% Reward: 5.65% Reasons for Entry: Broken through the bearish TL, retested, and is now bouncing back off it. Also, dollar is looking weak in the near future. Reasons for SL placement: Underneath the TL, and also at the R1 level on the hourly, and also at a level that provided some resistance before it was...

MatthewLundgren

Setup Timeframe: Daily Execution Timeframe: 1H Risk: 1.866% Reward: 3.6% Reasons for Entry: At a daily resistance zone and 61.8% fib level, showing rejection of the fib level on the hourly chart. Reasons for SL placement: Above the 61.8% fib level and above resistance level and wicks. Reasons for TP placement: Good RR, around a level that once provided some resistance.

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 2.05% Reward: 8.91% Reasons for Entry: At the 50% fib level on the daily and 4H, showing good bounce on the hourly, also broke through a bearish hourly TL and then retested. Reasons for SL Placement: Below the 61.8% level, below the S1 pivot level, and also below a previous resistance zone. Reasons for TP...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 1H Risk: 1.67% Reward: 4.31% Reasons for Entry: Broke down through a rising wedge pattern and retested and rejected that trendline, Also finding general resistance around this neckline, so could be a strong resistance zone. Reasons for SL placement: Above one of the recent high wicks, and above the broken TL again, if it...

MatthewLundgren

Setup Timeframe: 4H Execution Timeframe: 4H Reasons for entry: Breaking down out of a rising wedge bearish pattern Reasons for SL placement: Above broken TL and above passed candle. Reasons for TP placement: Good RR

MatthewLundgren

Setup Timeframe: Daily Execution Timeframe: 4H Risk: 2.71% Reward: 5.87% Reasons for Entry: Showing rejection of daily bearish TL, and also showing rejection of 50% fib level, and also rejection of the R1 level on 4H chart. Reasons for SL Placement: Above the rejection wick, and also above the TL. If it reaches this level, isn't a good rejection of the TL...