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GBPJPY Trade IdeaPrice is currently in a bearish trend so I am only looking to sell # Trend is bearish # Resistance level met with a pin bar # 21 SMA pinned by pin bar # Pin par is the signal candle Shorting at market price 139.144 with # SL above the resistance @ 139.965 and # TP lower down at 137.443 (SL x 2) As usual, don't bet the farm, always exercise good risk management and don't rosk what you can't afford to lose. Do you want to learn how to spot these trade set ups? Join my mailing list and receive free price action training at www.facebook.com
Short
by Cmasterza
1
Waiting for a pullback to go long# Nice bounce off the support level # Yesterday's candle pinned the 1.33767 support level # Awaiting a pullback to the marked levels # Let price action be the leading indicator To receive live updates in real time on trade ideas feel free to join Forex Bootcamp using the Telegram link below. Keen to learn to trade using pure price action? You can join my mailing list (via www.profitfxza.com) to learn how you can access The Complete Price Action Trading Course and learn to trade profitably. No hype, no fluff, just pure trading!
by Cmasterza
USDCAD Trade Idea# Classic breakout and retest setup. Resistance popped and price came back to test as support and print a hammer (buy signal). If you switch to the daily time frame and look at the previous high its a long way to go, so with 163 pip reward the cost of opportunity of 30 pips sure is worth it! # I have bought at market price 1.34834 # Stop loss 30 pips below the hammer @ 1.34537 # Take profit at previous swing high seen on D1 @ 1.36465 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in Forex Bootcamp using the Telegram link below for real time updates
Long
by Cmasterza
NZDUSD Trade IdeaPrice has bounced off the major support level and moved up a but, then broke the previous high now being tested as support. I am buying at market price 0.67721 and have my stop below the marked level SL a@ 0.67500 below the minor support and TP higher up around the previous high at 0.68290 **Check on the Daily time frame to see higher lows formed - this is a sign of a bullish market Anything below 0.67570 could indicate bearish power in the market. As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Long
by Cmasterza
USDJPY Trade IdeaPrice is now at a strong resistance level and note the hanging man (hammer @ resistance) which printed - this is the sell signal. Conservative traders will wait for confirmation (bearish candle) Aggressive traders enter @ market price usually. This is for increased risk to reward ratio so I am in short @ market price 111.952 and SL above the high @ 112.227 and TP at support lower down (and the next if the market keeps paying) @ 111.346 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
GBPJPY Trade IdeaPrice has been in a down trend as indicated by the lower highs and the descending trend line... After the minor support broke, price moved down then pulled back and tested the 50.0 / 61.8 fibo levels of the bearish move plus printed a sell signal (hanging man) I am shorting at market price 145.396 and SL above highs @ 145.766 and TP lower around support @ 144.151 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
USDZAR Trade IdeaConfluence of a few factors: 1. Downward trend line serving as resistance 2. Bearish engulfing candle pattern (sell signal) 3. Pinning 21 SMA 4. All happening at 14.13959 short term resistance I am selling at market price with #Sl just above the bearish engulfing @ 14.18403 and #Tp lower down at previous demand zone around 13.85317 As usual don't bet the farm, good risk management won't kill you but the lack thereof could :) Follow me in forex Bootcamp using the Telegram link below
Short
by Cmasterza
USDCHF trade IdeaThe yellow bar represents the 50 and 61.8 fibonacci levels based on the first bullish move after the drop. Price printed a pin bar pinning both these levels, also note the trend line remains unchallenged. I have bought at market price 0.99466 and # placed my stop just below the trend line and previous low @ 0.98876 and # my take profit is below the resistance level higher up @ 1.00496 Don't bet the farm and never invest what you can't afford to lose. For full details on trade management join me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
NZDJPY Trade IdeaThe resistance level has been holding well and the support trend line broke on Friday indicating possible change in the trend. I will be looking to sell IF the following conditions are met: I have marked with the yellow bar the 50 and 61.8 fibo levels based on the last bearish move. I want to see if this level will be tested and IF a sell signal prints, to consider shorting this pair The area of interest is 75.296 for the entry and Stop just above the fibo levels with enough room to breathe @ 76.400 and Take profit lower down @ 72.974 (note the incremental tp levels marked with red lines) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2
AUDUSD Trade IdeaLower highs on Daily and H4 time frame = bearish market structure I am looking too sell this pair once conditions have been met. After the drop that took place on Friday I have marked the 50 and 61.8 fibo retracement levels with a yellow bar. This is where I will be waiting to see if price prints a sell signal before considering to short. The area of interest is 0.71209 to look for price action clues and if I short: Sl will be above the trend line where I deem the setup invalid @ 0.71605 and Tp lower down at support @0.70046 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
1
USDCHF Trade IdeaWhen checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to buy at will be 0.99336 with SL below the previous swing low @ 0.98576 and Take profit higher up just below resistance @ 1.00496 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
USDJPY Trade IdeaWe saw a nice bearish move on Friday as money flowed out USD into safe havens like the yen and gold. The up channel has been broken and I am looking for a retracement to the 50.0 or 61.8 fibonacci levels. Once price reaches the 110.396 level I will look to price action for a sell signal to short this pair: IF the above happens I will have my stop above resistance at 10.885 and my take profit lower down at 108.992 (support seen on D1) As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Short
by Cmasterza
2