Tradeeasy
CADJPY SELLOur secret emas have previously crossed, see red cross, giving us a quick 1:1 winner previously, did'nt manage targets 2
We have now tested previous support and resistance levels as highlighted by our arrows and white line
A bearish flag has formed
Our entry criteria has been met
Upper bollinger band pierce which happens to be the second time with a 3 bar reversal.
Stops
5 pips above the high
Targets
1 = 1:1 81.397
2 = 1:3 80.827 (big push through daily support here as outlined via red box
Markets are obviously closed for now, we took the entry yesterday evening
RISK 1:13 REWARD!!! NZDCHF LONGRISK 1:13 REWARD!!!
What is my entry criteria for a NZDCHF LONG?
Reason:
Met my rules to confirm a Bullish Trend. This is my final chance entry to get long on this pair, with a high Reward to Risk this may not play out but overall it is a profitable strategy that I will continue to implement.
Confluence:
RSI We are not quite oversold on the daily as we are at 21 so its still low
Major level of now structure and support, looking left we can see multiple tests
Bullish Divergence on the 240 chart
Entry:
Double Bottom completion on the 60 chart
Stops:
Tight ATR below the low previous test, as we could just blow right through this stop and continue lower and breach my bullish trend rules (Hence the final chance entry)
Targets:
Target 1:
High of the previous close
Target 2:
Depending how we get to target 1 if we get to target 1, I will either trail based on structure if there is enough volume and momentum or cut the trade. Long way to go before this happens – if this happens
As always good luck in the markets,
TradeEasy.
Final push up for the EUR against the POUND?Since I am currently in a long trade for a final push up I will not be getting involved but we have a nice double bottom on the 4H and 1H, now at a Risk reward of 3.56
Good luck, if correct im expecting price to test the previous 4h highs and then start to see a reversal in the trend and become bearish.
Daily shows bearish divergence and an asceding channel, quite a strong combination on the daily TF.
Good luck guys.
My final target for this is
0.90382
USDJPY LONG, BUT WHY?USDJPY LONG, BUT WHY?
Reason:
HTF - Daily, reached a solid support and resistance level. We didn't quite get a 3 bar reversal, not helpful due to the overnight trading sessions (UK TIME)
We have pulled back into my trigger zone, my rules confirm a bullish trend has formed on the 240 chart
We have a higher high higher close on the 60
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and continue lower
RIS was oversold on thr 60 in the previous support zone
Entry:
Market order
Stops:
1 ATR below the low of the outside return
Giving us a nice risk reward of 1.7 when target 2 is hit
Targets:
Target 1: 1:1 Risk reward
Target 2: H4 Highest candle close
Target 3: Trail based on structure if we continue higher
As always good luck in the markets,
TradeEasy.
What is my entry criteria for a AUDUSD LONG?What is my entry criteria for a AUDUSD LONG?
Reason:
We have broken previous structure indicating a possible reversal in the bearish trend
We have already completed a three point move that broke the previous bearish structure.
This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and continue lower
Confluence: (Use callout on the fave tool bar to make note and point)
RSI is not currently oversold but is hovering around 27
Double bottom was my entry for the long
10EMA is above the 50 on the daily
Entry:
Market order
Stops:
1 ATR below the low of the double bottom
Giving us a nice risk reward of 2.8
Targets:
Target 1: H4 Highest candle close
Target 2: Trail based on structure if we continue higher
As always good luck in the markets,
TradeEasy.
Could see an entry to go long on CADCHFwatching the market on this one for an entry reason
bearish rotation has been broken, bullish move has started
head and shoulders completed
waiting for a pull back that will also occur near a trendline
1st entry in yellow zone and will be a pull back leg to extend higher
second chance will be around blue zone.
Will upate if we have an entry reason and the market doesnt just run away
Why am I trading NZDCAD LONGLooking further left we are a solid area of structure
Numerous tests
Entry is a buy stop
Bullish flag pattern setting up on 15
Double bottom
RR is 2.27
Targets 1 and 2 as outlined buy price
SL also outlined
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Why am I looking to trade NZDCHF LONG?Why am I looking to trade NZDCHF LONG?
Reason:
We have an extreme peirce candle outside of the Bollinger band.
Looking left on the daily chart we are in a solid area of support and resistance (blue and red boxes) price has respected these areas before.
Some traders may consider the Bollinger break candle on the 60 min chart as a valid double bottom reversal
Entry:
5 pips buy stop above the current pin bar
Stops:
5 pips below the previous extreme candle
Targets:
Target 1:
1:1 – 0.6544
Target 2:
4 pips below daily high
As always good luck in the markets,
TradeEasy.
What is my entry criteria for a GBPJPY LONG?What is my entry criteria for a GBPJPY LONG?
My Reason:
A possible Cypher patter is setting up.
However, we are currently 70ish pips from an aggressive completion.
Entry:
Aggressive D completion 136.922
Stops:
Below X swing
Inverted 141 Fib
Targets:
Target 1:
382 Fib
Target 2:
618 Fib
Other ways to get involved
A more conservative entry could be to wait for price action to come near our D completion and wait for a Double bottom or other reversal sign, 3 bar reversal with oversold.
As always good luck in the markets,
TradeEasy.