Tp
Trade the Fibonacci BounceUSDCAD was not able to break through the 61.8 fib level.
A possible trade on this setup is to open 2 small positions, both with the SL above the test of the 61.8 fib level. TP1 at the 50 fib level and TP2 at the support level showed in the graph. If TP1 is hit, move SL on the remaining positon to entry level.
If you have any questions or feedback on this analysis, feel free to share!
Happy Trading!
NZDUSD - Long with multiple TPShorts from the previous trades have hit their target (see related ideas)
Waiting to see how this candle plays out, but ideally we should be able to buy around here... If not and the support breaks, wait and see how price reacts at the 2nd support under it.
TP = Take profit
EURUSD : My daytrade with 4 order trading journalTP around here.
First, i decided to buy only when graph breakout yesterday, but it not move much.
I try to entry first when see big white, but miss, and set order buy stop at break high, but it fall down sharp.
I think it will continue up, so add order again for going up. and again.
Finally 4 order of 0.1 lot size, Make ke take profit around midnight in my country.
Closed the trade since it weekends.
Thanks.
NASDAQ 100 Index of US listed shares Potential TurnPointNASDAQ 100 Index of US listed shares GONE SHORT
Sentiment changed at the end of last week and that sets up for a renewed run in equities. But just how strong will this move be?
The chart does show the RSI in technically overbought territory. But there is a saying in technical analysis, overbought can always get more overbought.
*Tensions with North Korea still simmering despite diplomacy talk...
*New missile test comes after Trump warns of conflict...
*etc...
Overall Gone SHORT and jet again with no SL as there is always option to hedge if upwards direction continues for period X. Eventually looking for previous SwingLow where TakeProfit is devided into three Strong S/R areas TP1, TP2, TP3 (close to swing low).
Enjoy the Ride
AUD/USD CYPHER DAILY PATTERN This is a good Cypher pattern on the daily chart I have just recently spotted and took to note. As like any other pattern, its valid until prove otherwise. I have marked that short as well as tp zones because of fibonacci levels.
This would be a great trade if all falls into play, but we will have to see.
USDCAD bearish currently in trade Last weeks weekly low has been touched and there is no sign of price going any further then that level apart from the last big wick.
Enough bullish liquidity has been created along with tons of accumulation giving us enough juice to short towards the DAILY SR.
Price is touching 20 EMA so should retrace.
daily and weekly bullish blocks have been violated whilst last weeks lows are being respected.