Risk-to-Reward: +4.43 USDMXN BUY @ 20.43925 Stop Loss: 20.31274 Take Profit: 21.00000 Use Risk To Reward For Risk Free Trade management ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the...
**Risk-to-Reward** 1:15 Buy USDZAR @ 16.71524 Stop Loss: 16.66264 Take Profit: 17.50500 Use the Risk-to-Reward Visual Trade Levels For Risk Free Trading ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader...
Hi Traders As expected, The fed has hiked the Interest rate which has resulted in the dollar getting weak. My interest then falls upon USD/ZAR as we see price has now come all the way back to broken support which is now resistance. The biggest eye-catcher is the clean range to the left which has the potential of being filled. Price could smoothly make its way...
Bouncing off supply zone ..waiting for breaking the trend lines for short trade up to the next demand zone ..waiting for confirmation using smaller time frames.
Longs from current demand - Higher low formed looking to target Supply zone. TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY!
Longs, all explained! TRADING IDEA --- NOT AN INVESTMENT OPPORTUNITY! Trade at your own discretion.
It has stopped making LLL LH and have tested an major trend line. for further confirmations better stick to trade plan shared for much safer entry and exit. CHEERS ;)
Gartley Pattern Risk : Reward 1:3 Reacting from a monthly level
Here on the Aussie Dollar we have a bearish gartley pattern. i would be surprised if this pattern moves today as the 10Y bonds are having a weak day, and the dollar is weak against some of the exotic pairs like USD/MXN. Its hard to say if you're looking at the Rubble as its having a rough day too. I'm not in the "know" on Russian news. So, again I would be...
The DOLLAR could step up and prove its worth in the ill-fated fiat domain!!!! Emerging FX currencies could be potentially the weakest against the dollar in coming weeks.
Placing a buy position on USD/MXN Due to rises in COVID cases and new strains of COVID weighing in on Mexican PESO. The Mexican Peso remains vulnerable to a risk-off move, meaning the US Dollar will be picking up safe haven momentum. If this occurs, I would look for a break above 20.50 to start considering price reversal, with a close above the 21.00 line as a...
Price confirmed the downtrend line and now gearing up for the break. Waiting for the impulsive break of the current resistance on the 15 min chart ( see below ). Once broken we have target levels open at 15.70 and then 16. Please support the idea and share your thoughts on USDZAR! Good Luck and Stay Healthy!
LET'S SEE HOW THE MARKET WILL PLAY WITH EXOTIC PAIR!!
The USD/NOK chart has formed a double top pattern, fell to the nearest support and has now the possibility of bouncing from there back to the top again, just waiting for a confirmation in the next few days.
Price is forming a descending channel ; Price possibly is forming a descending channel within the descending channel towards support. Its possible price can breakout and go to 8.70250 if price breaks that resistance its possible price can head to 8.94500 and if price breaks that its possible price can head to 9.14500.
USDZAR BUY - SWING TRADING PRICE: 16.51278 TP1: 16.74578 (233) TP2: 16.97878 (466) TP3: 17.21278 (700) SL 16.35308 (159)