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Sniper

NZD/JPY 1/26/2021 16:30 (DEMO)NZD/JPY 1/26/2021 16:30 DAYTRADE Fundamental/Sentimental News Events: News events too far away to affect price within the lifespan of the order. Market Sentiment: Technical Time Frame Analysis: Reason for Trade: Exhaustion on an impulse at a resisting trend, strong 61.8 structure and a supporting trend seemed like a good landing spot for price. Indicators: RSI checks out. Relatively high with potential for a few wicks to enter into the order. Entry Order: Limit sell at 75.109 Position: 0.03, 5000USD RR: 3.12
Short
by Mike_McCarthy
1
US30 LongI trade GBPJPY only, not only because I love the pair and it's volatility, but it's preparing me for the more institutional style of trading and training for the US30. This is a position in which i used my same analysis, as i would on GJ because the correlation and overall mobility of both instruments is amazing. Here, we can obviously see that was retesting the counter trendline, so i waited for weekend data to print. It's retesting right at that monthly support which gives me a great deal of confluence along with a couple other factors. Just looking to take the position to the 0% on the fibb, as i usually target the extension. I am a sniper trader and will look to implement my trading style on this asset. More backtesting and practice trades to come. I am only backtesting US30 for the next few months. We will see if the analysis checks out and if there are any tweaks that need to be made.
ULong
by ShakPippen
1
GBPUSD - LONG. Tomorrow is setting up to be a potentially strong bullish day. DXY is weak and looking to retest its April '16 lows. BXY's closest gap is at 133.5 and it looking very bullish. The confluences are just stacking up for GU to go long, so its only right we play for the perfect buy up to our target of 133.5. Potential 100+ pips on this trade. Looking to play this with a 15 pip SL. Current position is open as I caught the buy on the 'key level' I had mentioned in one of my previous posts. Beautiful entry, another 0% drawdown entry. Let's see where this goes. Will update again in the morning.
Long
by Imyali92
GU exhaustion trade...yep, you've guessed it, ANOTHER sniper. Targeting this trade to 1.3270. Another perfect entry, 0% drawdown. 1:7 ratio trade. As GU made another correction after its bullish run yesterday, I was always going to look for that optimum entry point to catch the buy as low as possible. Current target of 1.3270 is based on BXY gap at 132.7 which is the closest gap to price now after the 132.00 gap was covered today. Another low-risk trade. Let's see how this turns out. Will be moving SL to BE following this post.
Long
by Imyali92