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50pips

50 pips secured now we wait We saw a break in my support after we took profit gaining 50 pips. There has been some concerns that it will continue following this bearish parallel channel. Every time it has broke the support it has gone lower. This could be a sign that it may be a good selling position. On the other hand, we see it tested my daily trendline and bounce off it. If it breaks the maroon trendline we will see a good buying position if there is enough momentum. For now we wait until markets open.
by TheGiovannie
AUDCHF 50 PIPS SELL AUDCHF Showing great potential for a 50 PIP drop. We have recently seen price reject the strong level of resistance on the 4hr chart. Alongside side this we can also see that price is respecting the 0.50 fib level at previous times along the downward trend and finding a good resistance at this level. Due to a recent break of this level i can see price retesting it once more before further rising and reversing the current trend. However if i were to see price break this level once more i would look for potentially another entry. RSI(10) has also shown an oversold condition at this resistance level which further supports my idea that it has enough momentum to hit my target. Im currently waiting for a 10 PIP pull back for better entry and risk to reward ratio. TP is set at 50 pips and SL is set at 25 PIPS.
Short
by tradingonthego
GBPJPY SCALP SELL 50 PIPS 07 OCT 2020Morning everyone, hope you're all well. We have the asset GBPJPY already in a downwards trend. Over the course of Asia to the London open, we have seen a slow and steady rise in price. Right to the key level of 136.500. From here there is enough liquidity for the larger players to go short. Risk reward is the same on all my trades a simple 2:1 SELL limit ( 136.500 ) Take Profit ( +50 pips ) 136.000 Stop Loss ( -25 pips ) 136.750 Good luck
Short
by davieovermeer
Easiest Set up for high probability trades. GBPAUD +50 pipsMorning everyone here is a beautiful example of a 50 pip trade on GBPAUD during the London session. The pound has been dropping over the course of the week, so when it comes to Wednesday ( mid-week ) we can look for the midweek reversal inline with the market maker cycle. combined with round and quarter levels you can see the zones in which the market is trading. In Asia, we see a big shift into the upper zone. Trapping short traders. London dropped to pick up spending and stops before giving us a classic W formation. For entry, wait for the neck to be broken and set your stop loss for -20 pips ( Unless its GJ then the stop is 25 pips ) Why GBP pairs? well, they have the largest ADR, meaning its most likely we can catch the 50 pips a day. Very simple and very effective strategy, trade inline with the whales and market makers, avoid the traps and watch your trading improve exponentially. Feel free to leave a comment. Davie.
Education
by davieovermeer