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USDCHF Two Sells in my radarThere are 2 sells I am looking forward to.
My time projection suggests the moves to happen around the orange dotted vertical lines but thats not a must.
First trade is selling the 0.618 retracement.
Second trade is waiting for more confirmation (break of trendline, then flag, then break of flag > sell)
Reward to risk in both cases it 1:1 the way I plotted it on the chart but I will only take half position profit there and move stopps of rest to breakeven.
This is not a trade call, unless you are with the big banks you are responsible for your trading and your decisions. You are with the big banks? Hire me and get my signals for free Hahahaha
Guys and girls, leave a comment and a like please (only like if you like it!)
GBPJPY long idea 4H after correctionThe 0.618 retracement of the up impulse has appx. same level as the 1.272 extention of the first corrective downmove. this area gives me a high chance of reversal for the upside.
stoploss level must go at least 10 pips below the beginning of impulse (124.60 something).
very aggressive traders may watch for reversal candle at the given time and level and then place stopp below that candle.
good matter would be to wait for break out of the correction and a little flag down and then break of that flag but this needs patience! still the best way to do.
take profit somewhere around 152.00
my time projection vertical lines give me an additional clue on the "when" (timing) which is good thing to know.
this is not a trade call. you are responsible for everything you do in life! enjoy anyway!
leave a comment or7and like the idea.
EURGBP soon to go for UPmy time projection gives me an additional clue that a change of direction at the red vertical line is in the making.
i look at the corrective structure as one that may likely prepare the way for up move.
it is likely that the already saw the first whole move down in that corrective structure (you may call it A to B wave + B to C) and now up (light blue arrow scenario)
another scenario is that we only hat the A to B and again measure the 1.272 extention of A to B down and then up.
let a flag above the correction's trendline confirm your long / buy entry.
in any case your stop should be below the lower ascending longerterm trendline to be save for this long idea in general.
target may be around 0.90
(this is not a trade call. you are responsible for what you do. dont risk more than 2% of your trading account's money for your stoploss!)
good luck!
