The valley is a key point that I expect GJ to return to if it goes up, indicated by the horizontal ray. The SL is rather safe. The issue is that the price will not necessarily remain in the stop loss range if it goes down. There is a lot of volatility. I have attempted to accommodate for this by making this a "pending" trade; the entry point has not yet been...
I figure it will either go back up from the purple line (which would act as support) to the 0.618 fib at 1.30688 (I set my TP for the long a bit under the fib level for safety) or it will go to the resistance of the purple channel after breaking the purple line, triggering my short position and ending the long position (due to the long SL being just under the...
Hoping to capitalize on what I said in the title!
What I am doing: See text description in the chart + visual description.
Basically the 50 fib line is strong and I am expecting a rebound to a consolidation zone at the very least. I'm safe so I won't be extending the TP past the consolidation zone.
Risk reward is mouth watering.
Stop loss is set to reduce the...
It is possible that neither of these trades are triggered. This is my fifth published idea. I am not deleting any ideas so I am going to keep count (that way I can't delete it) 💯
edit: well actually I could still technically be deleting ideas. But since I post pretty frequently it will become obvious if I am deleting my trades.
*If I delete an idea it's for like...
I'm synchronizing this to my babypips lessons gotta start somewhere #gang trying to get this "hands on" training. So I learned about fibonacci retracements and I'm placing a sell limit order: assuming that the overall downtrend continues, as seen in the 4 hour chart for USDJPY, if the retracement rallies above the 23.6 % level my order (position=sell) initiates. I...
Current coronavirus-related tensions between Canada and the united states. Matched er up with a support level that as justified in the short- term (the past 14 day). Shout out victor, he can see the money that will come out of this.
Sell order: Expecting a drop!
Coronavirus is an unexpected twist on the market, so this is more of a news/situational trade. Also,...
