GBPNZD overall structure play /inta range play (Melle's Market Alpha)
The risk-reward on this play is fire of course most of this will revolve round the ETF approval or denial / delay if delayed / denied then can see this happening easily
Good Potential , pull back off the US data Consumer release , ofc war tensions will play a big role in the moves on gold also , so risk is being managed and only risking 0.25% 0 0.4%
im bullish short term on JPY i think a pull back is inevtiable
Think this could be a good play , on my sierra charts i have poc/high vol nodes in 109.800 , so looking for a drive up and rejection
Pullback then drive in to previous highs , do have to be on point about geopoltical news and events , but order limits have been set
My plan to play the ranges on UJ We have been ranging for like 2 days now on UJ , i wil play the ranges (Unless ranges break today) , but DXY and JPY have been correlating due to being both safe haven currencys and with all the world events going on (WAR)
with the war tensions . im bullish XAU to head in to the 2000s
betting that the US dollar (USD) will strengthen relative to the Japanese yen (JPY)
Long btc . good opportunity , high probability - good risk to reward
Nice setup , good risk to reward , high probability trade - controlled risk
selling XAUUSD nice high probability trade , minimum risking - worth a try
short term silver trade , good risk to reward , high probability setup imo
New pair testing m, USD/CHF - good risk to reward , see how it plays out
nice setup , great risk to reward , tiny stop loss in play - worth a shot
Late post , but caught lovely entry on gold , if you think im lying , i posted on my other socials my entry . just fogot to upload on trading view , but XAU AND XAG longs running
low risk on this trade due to high probability of SL being touched , so be risk careful - overall bullish on silver this week and coming weeks , so looks a good play , great risk to reward setup
Low lots being used on this trade , analysed on low TF , small risk im risking , on 4hr looks nice setup though for long