EUR/USD - 22/02/2021EUR/USD following suit with GBP/USD. Price absolutely rocketing towards that take profit after a pretty sketchy entry. Again price exceeded my maximum stop loss so I had to enter with a limit order instead of an instant execution. Currently locked in at 1:1 risk free with 1:2+ running.
(H1) - Break and retest similar to pound dollar, nice wick rejections.
(M30) - Multiple wick rejections as you see price depleting into they key level and following up with strong bullish momentum.
What a start to the week!
Monday
GBP/USD - 22/02/2021(H1) - Break and retest on the hourly timeframe price pushed nicely into the key level and rejected with a wick.
(M30) - Nice double wick rejection at the key level, missed the initial entry so I entered a buy limit to catch a wick entry and luckily I was triggered in.
I like to limit orders to get ahead of indecision candles to catch potential bursts in momentum and I also use them whenever my ideal entry exceeds my maximum stop loss of 20 pips. Another use for them is provided in todays trade. If I miss a trade for whatever reason then I set a limit order at the original price I would have entered and wait to be triggered in. if I do, great! If I don't I simply move onto the next trade.
Hope you all have a fantastic day and a great start to your trading week!
EUR/USD - 01/02/2021Nice ascending channel forming on EUR/USD. I don't really trade chart patterns I only tend to look at market structure when looking for entries however, this is a little easier on the eyes. I am waiting to see how price reacts on this break and retest of previous structure which also aligns nicely with the channel.
EUR/GBP - 01/02/2021Good morning traders, hope you are all having a fantastic morning.
Seen a potential triple bottom around the current low on the hourly timeframe. For me, based off my back testing and strategy I know that triple bottoms/ tops tend to give off good reversal signals as long as you target them correctly. The risk/ reward ratio I usually see off these are usually a lot higher than the standard 1:3 ratio.
I will be waiting for a little more confirmation as I expected price to hold a little while longer around this zone before taking off.
EUR/GBP - 18/01/2020Apologies for being inactive for the past few months. I have been reviewing my trading and putting into consideration of how it fits my personal routine and made the decision to switch from H4&H1 to the H1&M30 and found this fits my routine a lot more. It's important to step outside the trading aspects and look into emotional plans and routines.
Without further ado here is the first analysis of the year. We have a potential double top forming just waiting for a closure deeper into the level.
What is levels for tomorrow? In the chart we can see nifty on near support level
For tomorrow
Bulls can make position at 11620 with SL of 11560
&
Bear can make position after breakdown by 11525-11580
But personally i suggest bull trade
Note :- Do not go with my advice , study a trade !
Hello i am Zeel Goswami,
Here on my profile you can get best positional & swing trade
Thank you
USD/JPY - 12/10/2020Price seems to be topping out and we may potentially reverse. I have highlighted a trendline break and will be waiting for the momentum shift before moving forward with this analysis.
Once the new lower low has been created we will be able to trap the range and look for the exhaustion.
starting to set up niceplease remember i am not a professional so please do your own d.d before entering any ticker that i suggest and my post are based on my opinions and my opinions only and what i feel i see in the charts and with the market surrounding said ticker... with that said i feel good for a monday run here all signs point to bullish in the coming days i myself just took a position here to hold through the weekend because i truely believe it will run monday sometime i am sitting on a $2.93 average and looking to exit around $3.75 or $4.00 on monday which i think is very obtainable...remember these are my opinions and i could be wrong so please do your own d.d before you take a position...have a great weekend
bullish run mondayplease remember i am not a professioal so please do your own d.d before entering a position here and make sure this ticker is the right hit for you and your trading style...with that said i believe this has a nice bullish run in it for monday buy signal was just triggered at $.90 so i think if you can buy in $.90 to $.95 range come monday you will be sitting pretty i am gonna say first sell point will be $1.10 to $1.15 range and if it shows good support there next sell point will be $1.20 to $1.30 range especially if a stimulus package is passed the whole market will be up then and i believe with trump and company testing positive there will be any agreement over the weekend or monday the lastest so all tickers will be up in that case...but that is my opinion about this the bullish run you have been waiting for is incoming on monday...please remember though i am by no means a professional so please do your own d.d before taking up a position and make sure this ticker fits you and your trading style..these are just my opinions
Pre-Asian Session Forecast 21-09-20 (GBPJPY, 30M) MondayLooks like price found support and started pulling back.
The price action in this range is very ugly. I prefer to wait for price to break out one way or the other.
It can breakout bullish for a bigger pullback on the HTF... or it can break the lows to continue the trend. Wait and see.