UnknownUnicorn186169
Price now reach 200 pips from my first entry, refer to my previous chart published on last week. Price now reaching my h4 decision range, will look forward to see the next price action. Just sell position since OPEC have decided to reduce the oil production.
Common pattern for swing. looking for 500-600 pips for the first TP. USDCAD know for its correlation with oil. I am short from here.
Price just enter my buy limit area which i have mark as strong support. Since lot of trader are aiming at this price, the possibility of fakeout happen is very high. TP2 will be max, but i prefer to look at TP 1 price action before decide the new position. This is swing setup where money management is very important.
PRICE IS TESTING THE RESISTANCE, JUST WAIT FOR THE RIGHT SETUP ON H4 OR H1 TF
I am short before NFP, looking for 1:1 ratio. My exact pips is about 50 pips from current price of 1.119 currently price stalled at troubled area. Thats why i am takin 1:1 risk
Patiently wait for the confirmation, fakeout or breakout
follow up from my previous analysis. entering my first trade (short) based on support n resistance
Decision area 1 is a strong resistance waiting for fakeout/breakout to decide. Same goes to decision area 2 which act as a support. looking for 1K pips if breakout occur at decision area 2.
If fakeout happen and close above the Orange line, buy setup is valid, if breakout then will find a pullback to setup a sell trade. I am biased to sell trade since support tested for the third time, but will need a large h4 or daily candle to pass the 1.5842 area. going to watch the pair price action next week
Although it is too risky to trade any cable pair but GBPCAD is now offering possible buy at low. Fakeout detected on 13/6/2016 and on next day price retrace to the previous strong support hitting my buy limit. trade active and I am looking for 300 pips+reward with approximate 120 pips in risk.
Found a very good risk and reward trade for audusd on 4H chart, 4 hour candle rejecting the 50% fibo pattern and at the same time the fibo 50% line which was a previous strong support have now become the resistance. This is combo combination of Support become Resistance and 50% Fibonacci retracement. looking at 250pips + or reward at 0 level fibo. sl is always...
break the h4 trendline, price now offering sell at top.
Looking for short setup, price currently going back to previous support , if there is CRS in the decision area, the possibility of downtrend continuation is very high. Otherwise, trade plan void
Price currently reaching previous strong support on weekly timeframe. I am just looking for sell setup.
Possible 200 pips downtrend. Currently testing major resistance and unable to pass with big green candle.
This is reference for my USDCHF trading plan. major support and resistance is the trend line (Blue line) zigzag line (purple) is just reference for pattern formed inside the trend line.
Trading opportunity around the ascending pattern area. buy or sell confirmation is once the trend line (blue line is broken), The movement could be related to EURJPY.
Just looking for short setup. Currently testing the decision area/ support range.