Forextradingzones
#GBPAUD target levels 04-02-21 #forexGBPAUD is moving North too along with #EUAUD.
If GBPAUD crosses 1.79351 then the next possible resistance level is : 1.79622 and further we could see it reach 1.80041.
GBP/AUDLooking for 3 different positions to catch the impulsive moves on the Elliot's wave!
Price is overall ranging (bouncing from support --> resistance)
Steps we're looking for:
1. Price to respect the key level
2. Reverse into a uptrend
3. Break of key level then retest for a entry
Move 1 Move 2 Move 3
Entry - 1.78882 Entry - 1.79070 Entry - 1.79387
TP - 1.79165 TP - 1.79566 TP - 1.79814
SL - 1.78751 SL - 1.78948 SL - 1.79269
EURUSD short valid ↘️✅ Hello traders.
Our strategy presented this trade a couple of hours ago.
A EURGBP trade I covered earlier on has already hit take profit now we are hoping this one can too.
We are working the H1 time frame with the strategy set to a risk reward ratio of 1:4.
The strategy itself is based on 4 individual strategies all lining up for extra confluence. The 'BUY' or 'SELL' is then indicated on your chart. We simply follow what the strategy presents.
The strategy is a follow trend strategy and runs on your TradingView charts and can be used on forex pairs,indices, stocks and crypto. The strategy can also be adapted to run on the charts to suit how you trade.
In this instance I am working to the take profit 3 target but I have also included a short position box to represent the values if working to TP1.
Working this pair to TP1 target would give you a 51% ROI with a 50.82% win rate.
Working this pair to TP3 target would give you a 94% ROI with a win rate of 35%
The above stats are based on 1% risk per trade. Data is from January 1st 2020 to know. Pick the style which suits your trading emotions and styles best.
How do I know that level data for the method in which I have applied to trade this pair?
Well our strategy comes complete with a built in back tester. Settings can be changed in the strategy then instantly back tested to ensure previous performance is on point.
Having this data at our finger tips ensures we are clear on our entry and exit points in the market, while sticking to a rigid risk management structure.
This frees our minds from any worry and anxiety that trading can cause. We take confidence from knowing that we are trading the markets with a proven EDGE.
The strategy tester also logs all the trades you have entered and as traders keeping a journal is crucial to monitor consistency.
All the data for the pair in question can be found at the foot of this idea.
For more information of the strategy in use feel free to drop me a message.
GOLDPrice in rising wedge could see 2074 long term get touched but for now it should play up to 1960 so still overall bullish. Just consolidating at the moment
GBPCHF upward squeezing channel Price is approaching daily resistance and a swing easily could be made. Upon brake of structure at 1.21535, and a confirmation on lower TF I will enter a trade according to my strategy.
Long opportunity in EUR/CHFReasons-
1) Weekly & daily trend is up
2) Bullish OB
3) Small stop for a big reward.
Kindly trade at your own risk.
Good Luck ^_^
LONG OPPORTUNITY IN AUD/USDReasons-
1) Weekly & daily trend up as per 200 ema & Ichit Cloud.
2) Buying pullback in a uptrend.
3) Bullish OB.
4) Small stop for big targets.
LONG OPPORTUNITY IN AUD/NZDReasons-
1) Higher timeframe trend up as per Ichimoku cloud & 200 ema
2) Inverse Head & Shoulders neckline brake + retest.
3) Buying pullback in an uptrend.
4) Bullish divergence on H1 (macd histogram)
5) Small stop for big reward potential.
Kindly trade at your own risk.
Good Luck ^_^
US30 - Potential Trade Idea Waiting for strong momentum/volume. Looking for a break and retest of previous highs. Potential Long trade idea for tomorrow.
SHORT SELL OPPORTUNITY IN NZD/JPYInstitutional order flow :)
Kindly trade at your own risk.
Good Luck 🤞
GBPNZD short trade on the move ↘️✅📉Hello traders.
Before I logged off for the day I just had to get this idea out for GBPNZD short trade which has made the right move so far.
This pair got me an editors pick on a previous idea and as a results holds good vibes for me. That idea can be found in the link at the bottom of this.
We are working the 45M chart here using our strategy is set to a 1:1.7 risk reward ratio.
The strategy in use simply sits in your TradingView and can be set to how you want to trade.
The strategy is a trend follow strategy and we simply enter trades when they are alerted to us.
In this case I am working to a take profit target of 113 pips and have a stop loss set at 60 pips.
How do I know this method of trading employed works on the pair in question?
The strategy we use comes complete with a built in back tester.
The way I have the strategy set up to trade this pair I know from the back test data the pairs past performance trading in this manner.
That data can be found at the foot of this idea. Data is based on £2000 starting capital with 2% risked. The data tested is a full years worth of data but can go back further.
Having the data of 83% profit and 48% win rate based on 86 previous trades gives me great confidence to go and execute trades in the market place using the strategy I have applied.
I don't recommend jumping on random trades found on TradingView as that is no clear trading plan and consistent results wont be achieved.
Instead take the time to press the sub menus on the data show below and noticed how every trade is also logged and accounted for by the tester.
It's this level of clarity and having a robust trading plan that gives consistent results.
For any more information on the strategy in use please feel free to drop me a message.
