TradingReid

TradingReid

Short Position off previous Resistance with exit securing 75 pips. Trade closed off for possible Long positions in the near future. Should have managed my stop loss with more care and perhaps would have secure higher profits.

TradingReid

Beautiful Bounce of Line of Resistance, 54 Pips caught. Held over the weekend in preparation. If completed again would have avoided entering the market before market close due to unpredictable open.

TradingReid

Once price reaches stop I should sell half of my position and look for the remainder downward push to lower band of resistance. Solid RR of 4.18

TradingReid

Price action Broke resistance. Could have bought potentially lower but wanted to wait for price to break horizontal resistance before entering. Current Pullback, hoping for a bounce off resistance level broken when I entered the trade. Should have gotten out at pullback stage as the lower resistance is non-existent - Fear of falling out the bottom and not finding support.

TradingReid

Resistance Line tested multiple times. Waited for price action then entered just below resistance. RR Ratio : 3.17. Stop loss Placed 2 Pips above previous strong line of Resistance.

TradingReid

Short posision

TradingReid

Get out before trade hits second resistance line. If trend continues to increase possible second entrance may be possible.

TradingReid Updated 

Reliable Resistance lines found. Fib Retracement and use of Trend-based Fib extension for support.

TradingReid

First signs received after bearish pullback, creating Fibonacci time zones sitting directly on critical turning points.

TradingReid Updated 

The dollar will depreciate in coming days. Watch this space!

TradingReid

When investing in markets, always remember to get out of trade just before the trend hits the resistance line which over time maximises profit gain and reduces loss.

TradingReid

Resistance lines tested three times offering a safe fall-back reference (Stop Loss) once Pip rate exceeds boundary. However... Do not buy UNTIL middle resistance line has been broken.

TradingReid

Although this may seem to be entering a possible bullish trend, watch out for the likely return on the 0.236% Fibonacci resistance. The cumulative volume index also shows a slight dip. The decrease in investors within this specific market may potentially affect your buying outcome.

TradingReid

Bearish retracement to 50%. Possible Bullish follow-up