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MHUA Chinese Med Tech Penny StockMHUA is shown here on the daily chart. It is currently trading at about 90% off its high of the year. It is in the high volume area of the long term volume profile suggesting there is sufficent liquidity to support active trading. Recent volume spikes suggest buying volume increases with the spikes being about 10X relative volume. Price is over the POC line of the volume profile demonstrating that buying pressure exceeds selling pressure. Price is at or near to one standard deviation below the mean anchored VWAP and so in the undervalued area as confirmed by the RSI Stochastic < 20 %. Chart patterns include an engulfing " big ass " candle on 5/1 and a three-bar strike with another engulfing green candle on 5/12. Both of these could be considered long entry signals especially when supported by the price above the POC and the RSI. I will take a position risking 0.25% of the trading account to begin the trading week. I am targeting a gain of $15.00 per share being a 50% retracement back to the high YTD and a 300% return on investment. I will take a 100 share position and close 10 shares each time the price rises by $2.00. This will adequately mitigate the risk of a volatile penny stock while adequately rewarding the risk taken.
NASDAQ:MHUALong
by AwesomeAvani
EURCAD SHORT EURCAD Set-Up Bearish Arguments: Monthly PCH is being respected Monthly Bearish FVG being respected Monthly swing high has been swept Weekly swing high is being respected Daily Bearish FVG is being respected Daily swing high is being respected 4H swing high is being respected Bullish Arguments: Weekly swing low is being disrespected Daily swing low being respected so far 4H Bullish FVG being respected 4H swing high being respected As observed, the bearish probability is around 70%, while bullish odds stand at 30%. For this reason, risk management is crucial. Trade Management: Stop-loss placed at the short-term high. First TP set at SellStop. Once this level is reached, move the SL to break-even (BE) and hold until the final target is reached. Risk-to-Reward (RR): 2.45 Risk: 2%
Short
by Jaytradermb
WTI Long High riskOil Trade Setup FPMARKETS:WTI I've decided to go long just before the news release, as I noticed the liquidity sweep had already occurred. However, I'm cautious about this trade, as the bullish probabilities are mixed, and there are stronger bearish arguments. Trade Management: Stop Loss: Placed just below the liquidity sweep, as breaking this level would suggest further downside. Take Profit: Partial exits planned. First target at $72.38, with the remaining at the next level of buy-side liquidity. Risk/Reward: 4.85 Risk: 1%
FPMARKETS:WTILong
by Jaytradermb
XAUUSD ShortGold Trade Update 💡💰 I’m still holding the same view on gold: it needs to dip before continuing its upward trajectory. This setup is intended as a swing trade, but I’ll be taking multiple quick scalping opportunities along the way. My Plan: I’ll focus on the bearish 4H Fair Value Gap (FVG), entering the trade as soon as I spot a wick in the 4H chart seeking liquidity from above. Trade Management: Take partial profits as soon as we see a decline 📉 Move Stop Loss (SL) to Break Even (BE) after taking the first profit. Capital at Risk: 2% 💼 Risk/Reward Ratio: 4:09 🔥 Let’s see how this works out! 🧐
OANDA:XAUUSDShort
by Jaytradermb
EURJPY LongMarket Idea for This Week 🔍 FX:EURJPY After analyzing last week's sharp drop, I'm seeing a strong opportunity with the market's current reaction. The Asian range at the start of this week has created a significant bullish Fair Value Gap (FVG) on both the 4H and 1H timeframes. Although the 4H FVG carries more weight, I've opted to place my Stop Loss (SL) based on the 1H FVG for tighter risk management. Trade Management Plan: Target: Take profit (TP) as soon as the Order Block (OB) is reached on the 15min chart. Risk Management: Move SL to break-even (BE) once first TP is hit.
Long
by Jaytradermb
3
Importance of risk management : this trade is now risk free!I took this trade and was expecting price to move 3R in my favor. However, after hitting 1R, the price just collapsed back. Even though I might loose this trade - but because of my risk management plan, this trade is already risk free for me (after it hit 1R). I cannot express enough - HAVE A RISK MANAGEMENT PLAN that works for your attitude! Risk management 1) Reduce 50% at 1R => Trade becomes risk free 2) Reduce further 25% at 2R AND move SL to break-even 3) Close trade at 3R 4) Winner = 1.75R (looser = 1R)
by makuchaku
1