Nakedtrading
VIDEO / HOW I SETUP MY WATCHLIST FOR THE WEEKVideo Contents:
How I use the same concepts over and over to setup my watchlist each week (forex, indices, commodities, metals, crypto)
* I focus on finding high-probability trade setups with good risk to reward
* These setups can be either trend reversals or trend continuations. The actual direction of the setup doesn't matter
* What does matter is WHERE on the chart these setups occur
Enjoy :)
EURNZD Long OpportunityHello all,
I believe we are seeing a long opportunity on EURNZD for a few reasons:
1) Retest and rejection of demand zone starting at 1.7225
2) Bearish Wedge on 1H with strong Bullish momentum, still in a continued uptrend, confluence
3) On 15M strong minor support at 1.7243
4) D1 possible bullish wick fill
Risk Reward: 1.83, TP1 and TP2 at beginning of supply zone @ 1.7340. Will leave additional position running.
Possible reentry into GBPUSD daily downtrendGBPUSD has been dropping for the past 5 months (April 2018) and i think its an opportunity to ride the wave a bit more... Even though i caught a few pips when the market was bullish briefly, i wouldnt recommend going against the overall daily trend so im all in for a Sell the next few days
Trend line broken buuuuut I don't trust thisI am short on this pair because of the trend line break and candles but at the same time it looks like it wants to go north. I think its news related or something, but I may get out of this trade.
What do you see here?
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