EG is on a downtrend on higher time frames, it has pulled back to previously support, rejected once with a strong 4H engulfing, many hourly engulfing. Very tight stop loss, with a great risk to reward ratio. Entry: .8850-.8860 SL: .8886 TP 1: .8820 TP 2: .8800 TP 3: .8760 TP 4: .8730 TP 5: .8650 (Swing)
CJ after a very health pullback on higher timaframes, has found support on the 61.8% pullback, has broken structure to the upside on the 1H, looking for price to head back up. Entry 86.00-86.10 SL: 85.45 TP 1: 87 TP 2: 87.9 TP 3: 89.2 TP 4: 90.5 *RISK MANAGEMENT IS KEY!*
GCAD is once again testing strong resistance, 3 black crows showing sellers are back in business. Tight stop loss. Entry: 1.7140-1.7150 SL: 1.7190 TP 1: 1.71 TP 2: 1.70 TP 3: 1.6873
AJ has been in a downtrend for a long time, therefore we follow it. Hitting daily trendline, we have created lower lows on 1HR timframe, various 4HR engulfings. Very tight stop loss, with a great risk to reward ratio. Entry: 80.57 SL: 80.93 TP1: 79.96 TP2: 79.5 TP3: 78.83 TP4: 78.29 **Risk Management is KEY!!
Price has given us a nice impulse to a very strong supply area, price historically has trouble breaking beyond it. Also, a nice harmonic in play. Lastly, oversold RSI for extra confirmation. We'll see how this one plays out. Entry: 130.90 SL: 131.6 TP1: 131.20 TP2: 129.60 TP3: 129.05
After a great impulse upwards, we had a 50% retracement where the market has found support. Looking for another wave, after a few failures to break downwards. It is a little bit risky, but risk/reward is within my personal criterias. Entry: 142.80-142.90 SL: 142.27 TP 1: 143.55 TP 2: 144.33 TP 3: 145.50 TP 4: 147.00 (Swing) *Risk management is KEY!
ECAD has pulled back 50% on the daily tf, leaving some wicks to the upside, showing buyers exhaustion. Also, it is currently on a very strong resistance/support zone shown by teal ellipses. High price reversal zone. On 4H time frame, is forming a double top or the beginning of an inverted H&S. Either way, many confluences showing high probability of more downside...
We have seen a big drop on UJ, forming a bullish butterfly. We just had a hourly engulfing candle to the upside. Looking for movement to go up, RSI is also oversold. Stoploss is 50-60 pips. Targets are labeled on chart. *Risk management is KEY!
Downtrend on all timeframes. Had a clean pullback to 78.6%, showing some buyers exhaustion. In consolidation, however giving a few bearish 1H engulfing candles. Risking 40 pips to get 169, R/R:4:1. Stop loss and targets are labeled on chart. *Risk Management is KEY!!
Price has broken a strong daily support, it has wicked and tested area once. It has setup for a nice short, with a great R:R. Targets and stop loss are on chart. *Risk management is KEY!