2022-10-W41: USDHUF: Prepare To DropHi friends and fans of Fibonacci
As the price comes to Fib level (1.618, 445.309), it will retrace to some degree, so we could prepare to short. In the past, price retraced at D1 (0.786, 342.943) and D2 (1, 369.273).
Stop Loss: 450.100
Entry D3: 445.309
Target E1: 411.589
Target E2: 387.306
Target E3: 367.680
Target E4: 348.054
Remark : We will update the time when price hits targets in the Comment .
TRADE-PLAN
FEIM - Trade PlanWill enter if the stock holds strongly above $11. I never go in blind. If the price can't hold, this plan is invalid.
STOP LOSS - $10.80
PROFIT TARGETS - $11.50, $12
I think 10.80 will be solid support. Volume was great this week and we broke through some important levels of resistance.
EURUSD - sell before the buy Bit late to the party with this one although still a good few pips to grab before we get into a holding position.
30 pip SL takes us to a nice resistance area so if price pushes back up there then so be it. You can see overall we expect price to reach this bullish trendline which crosses nicely with a daily resistance level so from there we will look to take a buy position.
RR 30 pip SL with a 90 pip gain on this sell. Then buy positions we will update when the time is right.
Possible EUR/JPY short position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Chart time frame - H4
Timeframe - 1-2 days
Actions on -
A – Activating Event
Market will meet resistance in zone @125.44 - 125.74 and fall to the @ 124.4 In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 124.4
FX:EURJPY
Trade Management
Entered @ Sign up for mentoring
Stop Loss @ Sign up for mentoring
Target 1 @ 124.4
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
US OIL Trade Plan Switched Oil holding (UWTI) near 40 and looking to hold long till target is reached $45.40. As you can see I have mapped out important support and resistance area using a 50% high/low method. Pivots and S/R was drawn from recent June through August High/Low as well as 2008 high to Feb. 11 this year low.
I will follow up with a short position (DWTI) when 45.40 area target is reached. I don't expect oil to go further than 42 after reaching 45.4 target. After short position, I will later look for a long position and a big move -- 56 area.
NZDCAD SHORT (sell off)Look at jumping in on this down trending market at 0.8775 level if price can break below...
Price has retraced, testing new Resistance, now looking for the signal to short this market.
Stops @ 0.8793
Good potential reward on this set up,
1:2 initial targets, further targets @ 1:4 + if market continues to show bearish momentum.
GBPUSD / 1HR / POTENTIAL GARTLEY PATTERNGARTLEY PATTERN
PAIR: GBP/USD
TIME-FRAME: 1HR
TRADE: GARTLEY PATTERN
Waiting for an entry position on the Potential
Gartley Pattern setting up on GBP/USD 1HR
time frame. Let the markets come to you!
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com
XAUUSD / 4HR / BAT PATTERNFree Training Tomorrow: www.starprosper.com
BAT PATTERN
PAIR: XAU/USD
TIME-FRAME: 4HR
TRADE: BAT PATTERN
Waiting for price action to come up and hit our
D-Point completion, on this Bat Pattern, we're now
filled for a potential move to Target 1 and Target 2.
NOTE: These are potential trade opportunities. Please
re-analyse the trade before executing.
Star Prosper
Philip Stewart
WEBSITE: www.StarProsper.com
FACEBOOK: facebook.com
YOUTUBE: www.youtube.com