EURUSD - SELL on pullbackHello Traders,
We are looking for a pullback on the EURUSD downtrend.
Resistances : 1.13037, 1.13215
Supports : 1.12688
I set a SELL LIMIT ORDER below the resistance 1.13037 set the SL above the next resistance 1.13215. TP is set at the support 1.12688. See the arrows for my graphical projection.
Entry : SELL LIMIT 1.13001
SL : 1.13237
TP : 1.12712
Trade characteristics : Trend continuation with a limit entry on a retest of resistance
Expected trade duration : 1-2 days
Risk-to-Reward-Ratio : 1.22
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
Kaetea
EURJPY bearish sentiment - 1H chartHello Traders,
It is easy to spot the downtrend on the EURJPY . Let's see whether we can spot an opportunity to short this pair.
Resistances : 124.812, 125.016
Supports : 124.505, 124.202
I set a SELL LIMIT ORDER below the resistance 124.812 set the SL above the next resistance 125.016. TP is set at the support 124.202. See the arrows for my graphical projection.
Entry : SELL LIMIT 124.77
SL : 125.053
TP : 124.246 / 124.505 (partial profits)
Trade characteristics : Trend continuation with a limit entry on a retest of resistance
Expected trade duration : 1-2 days
Risk-to-Reward-Ratio : 1.85
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
Harmonic downswings on the GBPCADHello Traders,
We are seeing harmonic downswings on the GBPCAD and we have just entered a short trade on the recent pullback.
Resistances : 1.70991, 1.71472
Supports : 1.70045, 1.69321
I set a SELL LIMIT ORDER below the resistance 1.70991and set the SL above the next resistance 1.71472. TP is set at the support 1.69321. See the arrows for my graphical projection.
Entry : SELL LIMIT 1.70771
SL : 1.71604
TP : 1.69389/ 1.70045(partial profits)
Trade characteristics : Trend continuation with a limit entry on a retest of support
Expected trade duration : 1-3 days
Risk-to-Reward-Ratio : 1.66
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
EURGBP in an uptrendHello Traders,
The EURGBP is trending up and we are now looking for a pullback to enter this trade.
Resistances : 0.87912, 0.88394
Supports : 0.87442, 0.87185
I set a BUY LIMIT ORDER below the support 0.87442 and set the SL below the next support 0.87185. TP is set at the resistance 0.88394. See the arrows for my graphical projection.
Entry : BUY LIMIT 0.8748
SL : 0.87057
TP : 0.88341 / 0.87912 (partial profits)
Trade characteristics : Trend reversal with a limit entry on a retest of trendline
Expected trade duration : 1-2 days
Risk-to-Reward-Ratio : 2.04
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
AUDNZD selling retest after trendline breakoutHello Traders,
The AUDNZD showed bearish momentum after the break of a trendline. We are now testing the resistance 1.05052 where we hope to get short.
Resistances : 1.05052, 1.05211, 1.05309
Supports : 1.04755, 1.04511
I set a SELL LIMIT ORDER below the resistance 1.05052 and set the SL above the next resistance 1.05211 . TP is set at the support 1.04755 . See the arrows for my graphical projection.
Entry : SELL LIMIT 1.05052
SL : 1.05211
TP : 1.04511/ .04755 (partial profits)
Trade characteristics : Trend reversal with a limit entry on a retest of trendline
Expected trade duration : 1-3 days
Risk-to-Reward-Ratio : 2.09
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
EURJPY - break of a bearish wedge patternHello Traders,
The EURJPY showed very bearish momentum after the break of a rising wedge pattern. After the retest of our resistance 124.902 , there is a good opportunity to enter a short trade .
Resistances : 124.902, 125.293
Supports : 124.457, 124.050
We are now testing previous market structure at the resistance 124.902 where we expect a rebound and a reversal of our trend.
I set a BUY MARKET ORDER below the resistance 124.902 and set the SL above the next resistance 125.293 . TP is set at the support 124.050 . See the arrows for my graphical projection.
Entry : BUY LIMIT 1.14457
SL : 1.13851
TP : 1.15327 / 124.457 (partial profits)
Trade characteristics : Trend reversal with a market entry on a retest
Expected trade duration : 1-3 days
Risk-to-Reward-Ratio : 1.68
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)