After the price bounced a key Fibonacci level, I opened a sell stop with 2 RR ratio, placing the target sl and tp using key Fibonacci levels. Also changed the layout as you can probably notice
The image describes itself, it's a XABCD pattern on EURUSD with a long position, SL placed at previous resistance and TP placed using RR ratio
Using some fibonacci r. , ma (9,26) and ADX with d- d+, going short with 1.74RR ratio after reversal signal ( support breakout ), a pretty easy trade, simple. Less is more.
After the latest apple credit card news, MA stock is going up, and probably won't stop just now. I'm opening a long trade ( trend following ) on this one even though or usually don't trade stocks, ( due to the liquidity i prefer fx) but this one seems to be a big one. Analysts are saying that this credit card trend could grow a lot, not only with apple, but with...
A couple of days ago we hit a new high of this year with the SPX index, the trend, which I illustrated with SR Channel on the chart has been going up for a couple of months already, but with the last high we touched the 2820 resistance level, will the SPX break out due to the current trade wars between US and China ? From the data, we are currently receiving we...
Short after descending triangle pattern, ADX D- & D+ cross, tp on 61.8 FIbo and SL at resistance of the previous pattern
As we can see on the chart there is a double bottom pattern on the EURUSD, we are placing our Buy Stop at neckline level ( a little above to avoid a bounce trade), we can also confirm this operation by looking at the ADX whe3re d+ and d- crossed giving us a reversal signal, our SL is placed at the second bottom and TP placed with 1,95RR ratio
We saw the USD getting stronger the last week, but now that the trade war is not having any proceedings, the currency is feeling a strong decrease in value. Lets wait to see how everything proceeds. Waiting for PMI of UK, currently as illustrated on the chart we have a pretty strong ADX with no reversal signals so we profit from the trade with a sell stop order
Tea cup pattern on GBPUSD, long with 1.7 RR, Sl at old support level. Strong ADX reversal signal
Elliott wave analysis on the EURUSD from 2008, as you can see, after the ABC correction, the price well about 20% in 120 days, would be equal to 5779 pips or with a 5std lot it would be equal to a 252,000 Euro profit
The dollar weakness is increasing so we point on the EUR with this long position with 1.78 RR ratio. Waiting for MacD to give a buy signal and the pair should follow the uptrend
FX:EURUSD After the channel we are hoping for a downtrend breakout, this would continue in a short position with 2.3 RR ratio
Waiting for the Macd lines to cross and open a short position. The Pair should enter the resistance support channel and then hit target tp
Simply a perfect double bottom followed by a small pullback and now we are on the right way to reach our target
In the chart attached you can see a perfect example of a double bottom with a small pullback after the resistance breakout. The market was also in a downtrend before that formation, this confirms the chart pattern.
Long on GBP/JPY after macd cross and simmetric abcd triangle. Target placed with 2.07 risk reward ratio
Short position on EURUSD after macd cross and support line breakout
Long operation after breakout from triangle pattern with Macd Signal line cross and ADX positive