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Continuation

USDCHF trade tonightNot sure why but this week, the more trades that end up in profit, the harder it gets on the psychology. So many times, I wanted to close this trade but I kept it open and it kept on going up as expected. In the end I did close it and it did continue an additional 10 pips. But I can't complain. I got some decent profits and getting close to my monthly target in the first week. I took this trade as a continuation trade. I also saw an ICI when it was consolidating. Although I took profits just above my 2nd TP, but at this rate, it will likely hit 3rd TP, which would have been close to the measured move of the ICI. Just be happy. Tomorrow is another day. Maybe I can reach my monthly target by the end of this week. And you want to know the worst of it. I was in an EU short from 1.20460 but got out with a slight profit 1 minute before the Powell speech. It was probably good to avoid risk and get out because it could have gone either way. But if I stayed in, it would have been another trade over 60 pips...
Long
by AfterlifeTrading
GBP/JPY Short - March 1st 2021 GBPJPY on the weekly has hit a resistance, similar to GBPUSD. Mostly due to the United Kingdom's vaccination pace, re-opening schedule guaranteed which means business can now prepare to reopen. However we are seeing U.S. yields rise on anticipation of a potential inflationary period in the U.S., this adds some strength to the dollar and money flowing from other currencies to it. The Yen is also used as a cheap vehicle to invest in other economies, so now with yields rising and asset values falling in the U.S., money may begin flowing back into the Yen to cover the borrowing.
Short
by UnknownUnicorn15362357
2
EURUSD 1.21645 + 0.31 % LONG IDEA * PRICE ACTION AND STRUCUTRE Hey everyone Here's a look at the EURO DOLLAR from the 4H chart for perspective and direction on lower time-frames hope everyone is good having a good one, the euro / dollar broke out of the descending channel strucutre pushed down for a retest but saw continuation to the upside as momentum was strong with the bulls, looking for a continuation of this move we are currently trading at resistance level 1.21574 a break above of this structure amongst other factors will be the trigger for the trade. significant moves with the bears change the whole plan. lets see how it goes. AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Long
by PULEMokhothu
2
Directional analysisPresented is a brief directional analysis using the 1 hr chart. The trend continued its sell off to start the week following last weeks close. For continuation sentiment I analyze the day chart. Here I see a retest of the next support (very near). This is a great opportunity for buyers to be patient for a potential pivot. Strong sentiment would lean towards sell continuation if we see a clear breach through support on the day chart with no rejection. If the above scenario plays out expect sellers to load increase sell off to the next Key support at .82900 (presented on chart). I will be watching the MACD/SIGNAL closely for a diversion (which would tell us too lean towards a support breach) or a full signal cross (which would tell us to lean towards a pivot reversal). RSI will continue to zig-zag swim ( I call dolphin swimming through the waves) along the bottom of the oversold zone until MACD/SIGNAL plays out its role. I will publish a trade analysis based off a breach or pivot of the looming support. Please comment with thoughts and ideas. Thank you.
by Pika7993
EURUSD 1.21287 + 0.09 % STRUCTURE & PRICE ACTION IDEAHEY EVERYONE Hope you guys are having a great one Here's a look at the EURO / POUND swing wise and from multiple time-frames perspective for the most likely direction and probabilities of seeing a continuation with the BULLS. From the MONTHLY, WEEKLY & DAILY Time-frames we see the pair trading in a bull flag that saw a rejection at the level of support 1.20172 currently seeing a continuation with the BULLS from higher Time-FRAMES the pair is strongly bullish looking for continuation of this move. On the 4H we just broke out of that descending channel pushed down for a retest currently rallying up with the bulls now the is a significant area of resistance on the path with the bulls this is where i will have my alerts and watch what price does at this key area to signal whether continuation is in the cards and look out for entries with the bulls... as always many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it. HAVE A GOOD ONE!
Long
by PULEMokhothu
1