Nzd/Usd Buy LimitHi all ,
I'm only going to place a long trade if price pullbacks into the green line , as shown on my chart . hence the buy limit . to get a good risk to reward .
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Buylimit
Eur/Cad Long Awaiting Hi All ,
I have a buy limit at the green mark , I'm looking at going long from that point when price comes down to that point . As you can see that area has held strong on previous occasion and with the ECB news during this week , I think , the Euro will pull some pips uptrend from that point .
Let see .
But BUY LIMIT .
Aud/Nzd Buy Limit Hi All ,
My Buy Limit for the week . Aud/nzd.
As you know last week we sold this pair hard . Trend is still bearish . So we wait to psychological point of entry as shown on the chart . We will have to monitor the buy limit and check candle stick pattterns and other formation to see if i needed to amend entry or cancel the order.
We keep you posted .
USDCAD LONG SETUPToday, after the 4th bounce on the daily trend line (red), we have seen a 70 pips retracement and the M.A's have just crossed down so i think it will keep going down.
If the price continue downside and touches the weekly ascending trend line (black), i think it could go up and try to reach at least the weekly supp at 1.32 as a short term goal. Buy limit order at 1.313, 67 pips take profit, 30 pips stop loss.
A long term goal could be the blue rectangle zone above the daily trendline.
If the price keeps going down after touching the black trendline, i think it will go to reach the last bounce in that trendline at 1.307 (blue)
Basics: Mastering Market Entries / Buy LimitThe buy limit order is placed below current market price with the expectation that the trend will move toward the supply zone, uptrend, where the take profit will need to be placed. It is an easy point of market entry to identify and an easy point of exit. This was a simple 70 pip move :-)
EURUSD Pending Longs (Feb 3 EUR)Using the bigger picture (as always in my analysis) I have identified a few key areas that will be considered for long positions.
This trade idea will be discussed during the Feb 4 - 8 Live Streams
Trading involves risk and I'm not a financial advisor so practice with your demo account.
AUDUSD Pending Longs (Feb 3 AUD)Using the bigger picture - I have noted a few key areas worth watching for potential pending orders to go long.
This setup will be discussed on the live sessions during the week of Feb 4 - 8
Trading Involves Risk - I am not a financial advisor and do not know your current situation... so practice on a demo account.
EURAUD, possible down trend continuation. Pure price action
Hi everyone. here is a possible down trend continuation. 100 pip for 38% retracement with a pending Buy limit order off the strong support. Sell Limit off the resistance for the down trend continuation.
feel free to let know what you think about this analyzes.
USDCAD 4H MA TRADESPrice can return back to 50 sma
Long Trade
There it can bounce off the 50 sma and move back up to the 100 sma
Buy Limit by 50 sma @ 1.3025
Buy Take Profit @ 1.3090
You determine SL
Short Trade
or price can close below 50 sma
Sell Stop entry on a 15m break-hook-go
1st Sell Take Profit @ 1.29675
2nd Sell Take Profit above 800 sma @ .2910
You determine SL