This idea expects price to pullback and retest the broken trendline. R:R 2.58
You can take this trade with me but please proceed with cautionary risk.
Look at the Weekly chart on the left. Is this a sign of manipulation or a just a system blip? Or is this showing signs of sudden huge pending orders of the big banks? Another flash crash in the making and Oanda shown it to their charts instead of hiding it until at the right moment?
Look at the Weekly chart on the left. Is this a sign of manipulation or a just a system blip? Or is this showing signs of sudden huge pending orders of the big banks? Another flash crash in the making and Oanda shown it to their charts instead of hiding it until at the right moment?
This trade was triggered last Monday using my 2019 strategy (see chart details at the end of this) This is a very risky trade since it's playing the last juice of momentum for OANDA:EURGBP before the pair has the potential to go down fast as it's already in the Supply zone, though it's about to break the zone, it is approaching the next monthly supply...
Testing out my 2019 strategy. The strategy uses the idea of trend-following, trail-stop and conservative entry by using trendlines and support/resistance lines. The trade was executed a while ago, hoping it reaches the intended target and ride the trend until it ends. The strategy uses supply and demand, COT reading analysis to confirm bias/momentum,...
This is part of my 2019 strategy (related chart below) that uses trend-following idea, supply & demand, Fibonacci retracements and COT analysis to confirm bias/momentum. My trigger point (horizontal line) was broken while I am asleep. But I stick to my plan and didn't jumped out to enter the trade. Instead, I placed a LIMIT ORDER with a hindsight that there is...
Our previous idea was invalidated and we resort to our Plan B. Market breaks the .236 area of the swing and is now retesting it. We will be placing our sell orders at the pullback. Target is at .618 retracement. This was our previous idea:
My first attempt to harmonics pattern trading. USDCAD 0.05% seems to complete the Gartley pattern , heading now to C-D formation. Sell on break of counter-trendline, target at around 1.243 area. Please let me know your feedback so I can learn from them. Thanks.
On a weekly TF, chart is showing divergence but on the Daily and H4, EURAUD still has momentum up its sleeve. Looking for a pullback down to 1.272 area to enter a trade with a target going to 2 extension that is also in confluence to the bigger 2.618 of the Daily. I set an alarm when price is breaking the counter trendline.