Trendcontinuation
NZDJPY : BUYOANDA:NZDJPY
TRADE PARAMETERS
Pick Date : 06/11/18
Plan A
Entry : 76.83
Stop : 76.63
Target : 78.99
Plan B
Entry : 76.39
Stop : 76.19
Target : 78.99
TRADE STRATEGY
Income Type : Swing
ENTRY
Plan A is a fresh 1H demand zone RbR nested in a new 1D demand zone created on the last move up. Speculating a continuation of the bullish trend . Will be doing a set and forget limit order. One can enter in the zone at just use risk management and position size accordingly with the suggested stop. My entries are more conservative. Price will need to have a strong move into the zone for things to work accordingly. Plan B is also in place incase it blows the stop and hits the next zone. Plan A could be a bear trap.
STOP
20 PIPs right outside of the low for some protection.
TARGET
About 200+ PIPs up in a fresh 16H supply zone, that can be a headache.
USDJPY : BUYOANDA:USDJPY
TRADE PARAMETERS
Pick Date : 06/07/18
Entry : 109.44
Stop : 109.24
Target : 113.42
TRADE STRATEGY
Income Type : Swing
ENTRY
109.44 is a fresh 5 min demand zone RbR created on the last move up. Speculating a continuation of the bullish trend. Will be doing a set and forget limit order. One can enter in the zone at 109.52 just use risk management and position size accordingly with the suggested stop. My entries are more conservative. Price will need to have a strong move into the zone for things to work accordingly.
STOP
109.44 is 20 PIPs right outside of the low for some protection.
TARGET
113.42 is about 400+ PIPs up in a fresh monthly supply zone.
USOIL Bears Are Back With VengeanceMy previous USOIL trade setup failed dramatically. Losing trades are regarded as a business expenditure once risk management is set up properly. It seems USOIL is going through the long-awaited pullback to bring this market back to normal state form being way too overextended. I anticipate bears will try to take this down to around 6750 where they will potentially take profits en masse, thus attracting trend continuation players. It seems reasonable to monitor that area for potential pullback long entries with $1.75k risk and $5k return per lot. This is a lower probability setup with exceptional R:R - worth a try.
Gold Looking Up Gold broke its trading range to the downside but bears are seemingly not capable of taking it lower. Taking long positions at this stage is justified with tight stops under recent low of 1282 . The R:R could be better on this trade but that's one of the drawbacks when traders wait for a breakout of the trading range as a confirmation to enter the market. There are better odds of winning but R:R is compromised.
USOIL Bears Fail Yet AgainThere's a constant inflow of demand for USOIL. Dips are being bought by trend continuation players without hesitation and the overextended state of this market is not scaring bulls away. Given the HHs and HLs , it seems reasonable to buy around 7150 with tight stops under recent lows around 7120 . Lower probability set up with decent R:R.
EUR/JPY Melting !!!!Hi Guys, Just an update on our EURJPY trade using our trend continuation strategy !
EURJPY Retested our 200EMA and price action was formed perfectly creating the potential from further downside, we currently remain short from 131.19 and have moved our stop loss to BE + Spread, with our take profit, still targeting the previous swing lows - When it reaches we will look to top slice / crystalise some of the profits, and llet the balance run to capture further profits / exploit the EURO Weakness and JPY safe-haven strength !!
USDJPY Long H41: Uptrend since 2018-03-26
2: Currently at a good resistance point in daily(110.221)
3: Currently in a 61.8% fibb retracement
4: Creating a new high since 2018-05-01
5: Wait for a retracement on the level 109.877 wich is also the previous high, a good support zone and an extension fibb 1.618
6: Risk ratio of 3.22
TrendContinuation & DailySupport & Channel Movement & 618 pullb EURGBP is still moving in a channel. Price has seen the bottom of the channel and now making its way up. Having seen the first move to up and its pullback is a sign for us that the price will try to make the same move again. Trade is active and the Tp's and SL's are on the chart.
>> GBPUSD << An area to look for both partiesDear traders,
Look at the chart for more information.
Recently we have been pushing up, creating a valid bullish trend, we are now looking to get involved, trend continuation as well as counter trend trading setup.
We expect to see some reliefs from buyers stepping in and sellers taking profit from the previous downward move.
We are looking to get involved in the red zone ( shorts ) and possible to get involved in the green zone, if the market gives us a reason to long this pair, making it a trend continuation setup.
So be on the lookout for those 2 levels and I will see you in a couple of weeks to update this one!
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Next break in the BTC bearish trend! We're getting close!
The resistance at $8400 has been affected and we will probably test it again. In the case of a break of this resistance, we could have a rebound between the long term $8700 resistance with a return on the $8400 before being able to really know the long-awaited break and hope for a new growth.
Be careful however with the configuration shoulder head which could come to break the previous growth.
However, this kind of configuration has already been contradicted and could already be seen in bullish continuation forms.