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Swinghigh

EURUSD Scalping-Day trading LONG1st Entry - 15min POI: I decided to open three trades using the OTE reversal strategy within the 0.705 to 0.79 zone, taking advantage of the range between the swing high and swing low. Entry timeframes: 1min Emotions: Calm and confident Risk/Reward Ratio: 3.58 Lot size: 0.5 2nd Entry: Entry Price: 1.0968 Risk/Reward Ratio: 4.53 Lot size: 0.8 Emotions: Calm and confident 3rd Entry: Entry Price: 1.0967 Risk/Reward Ratio: 3.45 Lot size: 0.3 Emotions: Calm, but I entered too quickly, as the price was nearly the same as my second entry. However, I'll close this trade earlier at the STR.
Long
by Jaytradermb
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
ETH long momentum High risk Possible Momentum in ETH – 6 Bullish Arguments: 1️⃣ Swing low is holding. 2️⃣ Liquidity sweep below the swing low. 3️⃣ Discount Array Weekly 4️⃣ Bearish FVG disrespected. 5️⃣ Wick from the previous day still respected today. 6️⃣ Bullish FVG 1H respected Trade Management: The key focus is on how the weekly candle closes, so my stop-loss is placed tightly below the previous candle’s low. Target profit is set at the intermediate term high (ITH). Capital Risk: 2% R/R: 5.74
Long
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
WTI Crude Oil USOUSD LongIn my humble opinion, the worst seems to be over for oil. Trading Idea: After analyzing multiple sessions, I noticed how well the price has absorbed the recent drop, reclaiming the liquidity distribution from last month. There’s no strong indication of further downside. The Asian session has brought it into a solid accumulation range. I’m looking for an entry within the lower zone, aligned with a 15-minute FVG. Trade Management: Once the rally begins, I plan to take partial profits (40%) at yesterday’s NY session high, and let the remaining position run toward the swing high. I’m targeting a rally up to the $73 area, but will wait for additional high-probability confirmations as the rally unfolds. Risk: 0.50% R/R: 6.78
VANTAGE:USOUSDLong
by Jaytradermb
GBPUSD SHORTI'm currently participating in a trading competition, which is why I'm opening more trades than usual—these are not on my personal account. Typically, I only open one trade per day on my personal account, but only when my setup shows a high probability of confirmation. Trade Management: I've decided to open a short position because the price has been creating Fair Value Gaps (FVG) consecutively on the 5-minute chart, and it seems likely that it will seek liquidity in the lower zones. Additionally, there's a 4-hour FVG, which increases the probability of the price continuing to drop. However, once it reaches the sell-stop, I plan to take partial profits (70%). Risk: 1% Risk-Reward Ratio: 2.84
Short
by Jaytradermb
Price Discount in USD/JPY - Trend ContinuationThe market is a discounting mechanism. When prices rise too high, buyers start taking profits, aiming to buy at lower prices during an uptrend. This behavior sustains the trend. In USD/JPY, this concept is evident. The swing low at 160.26 attracted strong buyers, pushing the price above the previous high, creating a new higher high. At this peak, buyers no longer saw value and took profits, seeking a discount to buy at a lower price. Fibonacci retracement is useful in trending markets, as its key ratios indicate potential levels of trader participation. Currently, the price has been discounted to the 76.4% retracement level of the rally. The corrective ABC pattern brought the price from the high to the current discount. Based on this scenario, we expect more buyers at this higher low, pushing the price above the recent high. Using Fibonacci as a target tool, we anticipate the price reaching at least the 123.6% level of the current rally. The risk in this trade is if the swing low of 160.26 is broken, buyers won't be profitable, so this level will be our stop loss. The risk/reward ratio for this trade is 7.05. Always think in probabilities.
Long
by Charts247TradingAcademy
1