GBPAUD wedge breakWhat we are looking for?
Looking for break no matter on which way but main trend is still Bullish and we havent hit resistance zone yet! So both sides are open
Entry style:
I would suggest after a trendline break entering with D1 or H4 123.
Trade management
Split trade into 3 parts. Trail last position as long as possible! RR 1 = 1 : 1.......RR2 = 1 : 2........RR3 = 1 : trail
Money mangement
Risk max max 2% on the whole trade.
Marjanrijavec
GBP/USD BOUNCE trade LONGAs we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!!
Normal entry (H1) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and enter when we will get a break CLOSE ABOVE of 23 line with good candle.
Conservative entry (H1 -> M5) - Simply wait 123 (= ABC)on H1 above EMA 36 + trendline break and watch for w a break CLOSE ABOVE of 23 line with good candle ->>> then switch to M5 and find another 123 after H1. You will have to be fast to get that M5 123
Agressive entry (M15) - Simply enter after valid 123 above EMA 200
Stops :
1. Below channel (safer)
2. Below point 3 ( risking little but easier to get stopped)
Targets:
Targets are split into 3 parts.
1. target 1 : 1 (SL : TP)
2. S/R line (watch chart)
3. Trail it as much as possible
Best regards
A.i.
NZD/JPY Prepare for SHORTEverything on chart :)
I follow the rule less is more!
Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late
So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12 enter short. Have in mind if you dont get nice breakdown do not enter, do not force and wait that candle closes below trendline + ema 12 not just that it breakdown but close, huh i complicated that :D!
We have very strong resistance above already listed on chart!
Risk reward is extreamly in our favour, maybe this is another 1000 pip or more trade :)
Enter : as i said... agressive on H4 trendline breakdown + EMA 12
More safe but waiting longer on DAILY 123 break of TL and EMA 12
Stop loss : above EMA 200
Enter with 3 same lot size positions at once
Risk : reward (TP1 = 1:1, TP2 = 1 : 2, TP 3 = 1: trailing)
Trailing :
Trail both positions to breakeven after TP1 hit (very safe but chance to get stoped out and miss major trend)
Trail last position only once TP1 and TP2 is hit (i would pick that! :) )
How to trail?
Normal : above EMA 36
Long term safe : above EMA 200
Type of trailing : manual only
Best regards
A.i