Get started

Views

EUR/USD shortEUR/USD One hour trading report overview Tickets (EP): 1.0811 Reason: Select the 1.0811 entry point based on the relative strength index (RSI) and wait for favorable opportunities Opportunities exist during market corrections.This setup suggests the best entry point to capture a potential downtrend. Stop Loss (SL): 1.0865 Rationale: Stop loss is set at 1.0865, calculated using average true range (ATR) data.This strict stop-loss setting is designed to protect the trade from any unexpected upside, thereby minimizing potential losses. Take Profit (TP): 1.0721 Reason: Take profit level is set at 1.0721 The strategic goal is to maintain reasonable profits when the price is close to the previous support level and to ensure reasonable profits when the price pulls back. Profit on this trade: 90pips (900usd/lot) Please note that foreign exchange trading involves risks and the analysis provided is based on the information provided. Market conditions can change rapidly, so it is important to stay current and consider implementing risk management strategies. It is crucial to monitor the market closely and adjust your trading strategy accordingly
Short
by Tracyanalyst
1
GOLD The past week started with the price retesting the asymmetric triangle formed during almost a month of consolidation to then skyrocket into a new high. This has been a great move filling up the pockets of the ones who played the breakout. Now the question is..., where are we heading from here? When looking at the Monthly, Weekly and Daily Gold is clearly in an uptrend with the 200, 50 and 21 MA perfectly aligned. Price is still within the red zone which represent a strong resistance zone. A clear break above 1750$ might suggest an extension move into the mid 18 hundreds. However a fail to close above the 1750s brigs back the possibility to target the low 1600s as the harmonic suggests. Gold is giving out great trading opportunities have fun with it ;)
FX:XAUUSD
by TheTechnicalAnalysts
Possible GBP/JPY short position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 1-3 days Actions on - A – Activating Event Market will meet resistance in zone @148.4 - .... and fall to the @144 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 144.00 FX:GBPJPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 144 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible GBP/CAD 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 @1.75 - .... and fall to the @1.70. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.70 FX:GBPCAD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 1.70 Target 2 @ .... Risk/Reward @ 3.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible GBP/USD 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 @1.325 - .... and fall to the @1.28 In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.28 FX:GBPUSD Trade Management Entered @ Sign up for mentoring Stop Loss @ Sign up for mentoring Target 1 @ 1.28 Target 2 @ .... Risk/Reward @ 4.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Join our Mentoring Program TODAY!! twitter.com Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
7
GBPJPY - The downside prevailsThe Pound has come under the spotlight since the start of 2016 all because of the EU referendum. I expect the Pound to see even more weakness right up until the referendum date. Here we have a short term ascending trend line inside of a huge downtrend and we have been making LH and LL since mid-Feb. Here were my reasons for a short position: - Daily rejection of 50 EMA - Daily bearish engulfing candle - Rejection of 0.5 fib line If we see a break of the ascending trend line, expect price to continue south until next major support at 153.
Short
by ApolloFX