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Stoprun

continuation long on CADJPY targeting S/R and equal highsTaking this long on CADJPY as we broke the S/R level clearly We took the tops on the 15 min chart which adds to confluence to this long idea and the stop placement. Taking off 50% at TP 1 as that is an S/R level where we could possibly reverse saying that i do think there is a big chance we will take at those 4h equal highs as my final target as i expect it to take liquidity to then possibly reverse to the downside. For this reason, i will be looking to add a full position once trading above that S/R level
Long
by Civel
USD/CHF - HISTORY REPEATING ITSELF? OR I'M JUST SEEING THINGS?The pair has formed an Inverted Candle at a key level (Top of Descending Channel which has a confluence with Major Resistance Level) but at also at a Key Time Frame (D Chart). Could this be a Stop Run? We can see a very similar scenario occurring in the past and almost the same exact technique (Stop run) was employed before reversing the pair to the downside for a mere 400 pip move. Therefore there are many reasons that make me believe that we could be seeing a big move to the downside, all the way down to the 0.945xx levels. As further confirmation we can also see that Bearish Divergence is forming on the Stochastic. Trade safe and implement your own due diligence before executing a trade.
Short
by Aqua_Trader
1