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Possible Short Position for EUR/JPY_Trade Plan 2017.06.13 D1 still shows the overall trend is up. However, for the last 1 month, price is moving sideways within range 122.932-125.816. As we can see, price already formed 3 highs on the top of the range with the 3rd High is weaker then previous 2 highs. Currently, price is hold around the bottom of the range and seems like building some momentum. If price breaks down the range, short the market. With Stop Loss 80 pips and Target Profit 285 pips, the potential trade offers 3.56 Risk-To-Reward Ratio.
Short
by arieg1985
Possible Long Entry for USD/CHF_Trade Plan 2017.06.11 D1 and H4 are both shows the overall trend is still down with price holding below MA200. Currently, price bouncing back to previous support area turns to resistance 0.97037-0.97200 and rejected down. However, in H1, price breaks up its MA200 since the last 24 hours and still holding up slightly above it. If price continue moving down a little bit more to support area 0.96683-0.96777 and rejected up, long the market. With Stop Loss 25 pips and Target Profit 50 pips, the potential trade offers 2.00 Risk-To-Reward Ratio.
Long
by arieg1985
Possible Short Entry for USD/CHF_Trade Plan 2017.06.11 D1 and H4 are both shows the overall trend is still down with price holding below MA200. Currently, price bouncing back to previous support area turns to resistance 0.97037-0.97200 and rejected down. Missed a little bit below planned entry area from previous Trade Plan. Wait for another bounce back up to entry area and rejected down, before short the market. With Stop Loss 35 pips and Target Profit 84 pips, the potential trade offers 2.40 Risk-To-Reward Ratio.
Short
by arieg1985
Possible Short & Long Position for EUR/USD_Trade Plan 2017.06.11 D1 and H4 shows the overall major trend is still up with price is holding up above its MA200. However, in H1, currently price is moving down below previous support area turns to resistance 1.12000-1.12122 and also below MA200. Trade Plan 1: For the last 30 hours, price start to moving within a Falling Price Channel and currently bounces up near its upper line. If price confirmed rejected down from this area, short the market to follow the short term down movement. With Stop Loss 21 pips and Target Profit 42 pips, the potential trade offers 2.00 Risk-To-Reward Ratio. As an alternative, the next Target Profit would be 62 pips (around D1 major support area), offers 2.95 Risk-To-Reward Ratio. Trade Plan 2: For the last 1 week, price is moving down after rejected from resistance area 1.12765-1.12851. If price continue moving down and pull back to support area of the nearest up trendline (slightly above major D1 support area) and rejected up, long the market. With Stop Loss 35 pips and Target Profit 110 pips, the potential trade offers 3.14 Risk-To-Reward Ratio.
by arieg1985
Possible Short Position for USD/JPY_Trade Plan 2017.06.11 Overall trend in D1 and H1 are both still down with price holding below MA200. Currently, the last swing is overall up with price bouncing back up to resistance area 110.663-110.877 and rejected down, but still hold above nearest up trendline. Trade Plan 1: If price bounce back to this area and rejected down again (even better if it confirmed with false-break out of previous high), short the market. With Stop Loss 30 pips and Target Profit 60 pips, the potential trade offers 2.00 Risk-To-Reward Ratio. As an alternative, the next Target Profit would be 90 pips (next swing low), adjust the offers to 3.00 Risk-To-Reward Ratio. Trade Plan 2: If price breaks down below the support area 110.123-110.369 and trendline, short the market. With Stop Loss 34 pips and Target Profit 80 pips, the potential trade offers 2.35 Risk-To-Reward Ratio.
Short
by arieg1985
Possible Long Position for AUD/USD_Trade Plan 2017.06.11 Overall trend in D1 and H1 are both up with price holding up above MA200 and major D1 support area 0.75120-0.75221. Trade Plan 1: If price pull back to the confluence of support area around psychological level 0.75000, long the market. With Stop Loss 25 pips and Target Profit 55 pips, the potential trade offers 2.20 Risk-To-Reward Ratio. As a second target, next H1 resistance area 0.75956-0.76083 can be an alternative. With second Target Profit 85 pips, the trade may offers 3.40 Risk-To-Reward Ratio. Trade Plan 2: Currently, price is moving sideways and forming Falling Wedge pattern. If price breaks out this pattern to the upside, long the market to follow the uptrend continuation. With Stop Loss 25 pips and Target Profit 65 pips, the potential trade offers 2.60 Risk-To-Reward Ratio.
Long
by arieg1985