Capricorn_Trader

Capricorn_Trader

From the chart, we can see that silver is making it's final push to the trendline support where it is expected to reverse therefore we short the precious metal.

Capricorn_Trader

As we can see on the chart, gold trades in a downward channel making it's final push towards the upward trendline support it has been testing all the while. Hence, we go short and take profit at the upward trendline support.

Capricorn_Trader

We can see that the pair trades in an upward channel, it just tested the trendline support and has started its journey back to the channel's resistance. I have used the fibonacci retracements and extensions to place entry and exit points. In this case because the stop loss is too much for those trading with small amounts I had taken the 50% retracement level as my...

Capricorn_Trader

The pair tested resistance 147.535 thrice and broke above and have tested it as support. hence we go long from current price to TP1= 154.437 and may extend to TP2= 163.636

Capricorn_Trader

The pair broke the trendline support to be rejected at the nearest strong support. after confirmation of divergence and the bullish engulfing reversal candle formation,we go long and take profit at previous support now resistance while making sure we don't exceed former trendline support.

Capricorn_Trader

In this trade idea, EURJPY has got divergence and at same time respected the resistance 133.80. Hence, we go short to the trendline support which the pair has been respecting for a long time. i place a sell stop order @133.51 entry, 131.97 take profit and 133.97 as stop loss.

Capricorn_Trader

I think GBPCAD is going to test 100 retracement level and return to the 61.8 fibonacci retracement level before pushing further up to 161.8 extension level. this is the 2618 strategy i mainly use for double tops and double bottoms. so for me its a buy limit order @1.6544 entry, 1.6864 take profit, 1.6343 stop loss.

Capricorn_Trader

I think GBPCAD is going to test 100 retracement level and return to the 61.8 fibonacci retracement level before pushing further up to 161.8 extension level. this is the 2618 strategy i mainly use for double tops and double bottoms. so for me its a buy limit order @1.6544 entry, 1.6864 take profit, 1.6343 stop loss.