Normally an indecision daily candle is usually a great pointer for trend reversal, so i wont hesitate to take this trade as it gives me a 1:3 risk to reward ratio. i am hoping EURGBP will hit our TP. SL is at the most recent structural low.
We are also monitoring the trade conditions to see if the price does not break out of this range, the we will look to go short on this pair. The reason is that price has failed to breakout of that zone for about three times. Our first target if we go short will be the test of the trendline (just to be sure its not a retest) then we close the remaining trades at...
Yesterday we took a trade on this pair and we hit our TP. We observe another potential long opportunity here. Since our minor trendline was broken, we are looking for price to reach its weekly zone of interest at about 0.66423. Our R:R on this trade is 1:5 which is pretty good. stop loss is below previous structure low.
This is a potential buy chance for this pair. Though price is inside a range, the reason for taking the trade is that i observe a double bottom and i also see price has just made a new level. R:R as always is minimum 1:3. TP is at the top of the range.
I saw this setup and decided to take the trade. Hopefully depending on how the weekly candle closes we wish to take the trade into next week. So far its going well as the retest of that important zone is finish looking at current price action. TP is indicated by the purple lines and SL is below the most recent structure low.
Just spotted a potential short opportunity on gold with a huge risk to reward ratio if all conditions go as planned. TP1 and TP2 are indicated by the purple lines. We will monitor this trade and see how far we can go.
This is the only trade i will be taking this week as am a bit busy. I may be entering a little late but if the trade goes as planned it will be good. As always R:R is 1:4. TP1 and TP2 are indicated by the purple lines.
Entered just above the 38% retracement and this has a pottential upside movement. Target is 0.97348 R:R is 1:4. Lets ride this to the end, hopefully!
This is an update to an earlier trade today. We got taken out, but still seeing all our trade conditions met, we renetered this trade with same TP, but adjusted our stop loss to reflect a good R:R ratio.
This is my first trade of the week. All conditions seem to favour a drop in EURUSD pair. Let's see if the trade gets to our TP. R:R as usual is 1:5. SL is above current structure high.
We spotted a pottential break of the current structure and decided to take a long trade on this pair. R:R as always is 1:3. We will monitor this trade to see if it hits our TP. The SL is at current structure low.
This is a scalping opportunity i just identified. R:R as usual is 1:3. Lets see if we can ride it all the way down.
This is a scalping opportunity for USDJPY. R:R as usual is 1:3. Let short it hoping it will get to our TP.
will be looking for looking for Gold shorts at that point after the retracement with take profit below
This trade has a good R:R which should always be paramount. My only worry is the increasing bullish pressure. If it goes our way, it will be a good one but trading is a game of probabilities so lets keep our fingers crossed. SL is above current structure.
A new swing high has just been created. In order to get a good R:R ratio, will place a sell limit at that point and wait for the price to trigger. This will be a good trade if it goes as planned as R:R is 1:7. SL will be just above cuurent structure.
This is a correction to an earlier published idea. Now, TP1 and TP2 are indicated.