Mavrix_fx

Mavrix_fx

EURJPY has broken the uptrend and retested it. Also for a little more confirmation, I put the Fibonacci retracement and in the golden zone (50-61.8), on the 15 min timeframe we have a double top with a nice bearish candle to finish it off. Targeting -0.27 area on fib retracement. Will move stop to breakeven at 2RR and will take profit as it moves down.

Mavrix_fx Updated 

Longing USDJPY Big Bullish flag and USD is looking to push up this week. Targeting the top of the bull flag Moving stops to breakeven at 1.5 RR

Mavrix_fx Updated 

Shorting AUDUSD after a break and retest on 4hr & 1hr chart. Very small SL on this one. Targeting 2.5 RR and will move SL to break even at 1.5 RR

Mavrix_fx

AUDCAD is currently testing a support level. It has double bottomed with a nice 1hr candle. Looking to ride it up to next resistance. Targeting 2.5 RR and moving stops to break even at 1.5.

Mavrix_fx

USDJPY currently hit support 3 times and bounced off it. Also, USDJPY is forming a bullish flag. Stops are really tight below support level and I'm targeting 2.5 RR

Mavrix_fx Updated 

EURGBP has followed exactly as my rules for the 1,2,3,4 strategy go. For a run down of the simple break and retest strategy, check my other ideas. Targeting 2.5 RR Moving Stop Loss to breakeven when at 1.5 RR

Mavrix_fx Updated 

Large 4hr head and shoulders formed. Waited for a break in the trend line of the right shoulder. It had a double top and also is forming a smaller head and shoulders. Targeting neckline for 2.85:1 RR and will take off 75% of trade and let the rest run. Stop loss will be moved to breakeven at 1.5 RR.

Mavrix_fx Updated 

Another break and retest on the 1 hr and 4hr Price broke previous resistance and came back up to the now support area. Nice 1hr double top with bearish candle confirmation in gold zone. Target set at 2.5 RR Stop above gold zone and wicks

Mavrix_fx Updated 

After a nice push down on USDCAD, it has come up to the retest area. I like to call this the 1,2,3,4 strategy. 1.) Need some type of resistance 2 .) Need a break through of that resistance. 3.) Wait for a simply break and retest. In this case we were looking for a pin bar or double top. 4.) Short and stops above wick, targeting 2.5 RR

Mavrix_fx Updated 

Shorting AUDUSD. 2.5:1 Ratio Simple break and retest strategy. Will move stop to breakeven at 1.5 RR

Mavrix_fx Updated 

Added position on EURAUD. BIG 1 HR wick and double bottom settup in big support zone. Adding a second position, putting stop below wick. Targeting 2.5 RR Moving stop to breakeven at 1.5 RR

Mavrix_fx Updated 

EURAUD LONG 2.5:1 Ratio EURAUD has hit and made a double bottom. Moving stop to break even at 1.5 RR

Mavrix_fx

EURGBP has broken resistance and is looking to test that support/resistance. For me to place a trade, I am looking for a couple of confirmations. I like to call this strategy the 1,2,3,4 strategy ( Look at blue numbers) 1 is a pullback that made a resistance from previous downtrend 2 is a downtrend that broke that resistance 3 is a pullback into the 1 zone...