TanYuFeng

TanYuFeng Updated 

Price overcame resistance and took out the previous highs but failed to breakout. Buyers buying the breakout are trapped, fuelling selling pressure. Move into resistance was clean and candles show price rejection. Entry: Market order at 1.7175 Stop: Few ticks above candle high at 1.735 TP: 1st TP at 1.689, 2nd TP to continue riding remaining half of position...

TanYuFeng Updated 

Price is in an uptrend and broke resistance on the daily level. Looking for an entry on a flag pattern. Entry: Flag pattern formed on 4hr, market order at 1.3174 Stop: 1.3118, 1ATR below low of flag pattern Exit: Exit manually when price closes below low of previous daily candle

TanYuFeng Updated 

Overall trend is bullish as above 200MA. Price action is nice and clean and broke resistance, forming a bullish flag pattern. Entry: Slightly above the resistance turned support to get filled in at 1621.56 SL: Slightly below the next swing low at 1588.92 Exit: Trail SL 1ATR

TanYuFeng Updated 

Market in a downtrend, looking for entry on 4hr timeframe. Bearish flag pattern formation on 4hr, giving me an opportunity for a trend continuation setup. Entry: Market order at 0.68876 on the break of the lows of the flag Stop: 1ATR above flag, 0.6942 Exit: Exit manually when price closes above previous daily high

TanYuFeng Updated 

The trend on the USDMXN is a strong bullish trend, above 20MA. For strong trends, I look for a entry on the breakout instead of a retracement against the 20MA as price hardly rallies back to the MA. Entry: 20.576 Stop: 1ATR below previous candle low at 20.2128 Exit: Trail when price closes below the previous week candle low

TanYuFeng Updated 

Price is in a downtrend on daily and 4hr. Tight volatility contraction the higher daily timeframe signalled by tight bodied candles. On 4hr, price failed to break out resistance and formed a bearish pinbar. Many people going long on the breakout are trapped. Entry: Sell Market order Stop: previous 4hr candle high at 1.92 Exit: when it closes above previous...

TanYuFeng Updated 

Market is in an uptrend > 200MA. There was a volatility contraction (7 candles) on the daily chart with a tight buildup within the wicks of the candles. Price broke out of the consolidation with volatility expansion. Entry: Buy limit at 2751.5, previous daily candle close Stop: 1ATR below the structure of the buildup at 2646 Exit: I will ride this trend until...

TanYuFeng Updated 

EURJPY is on a down trend and approaching resistance on the daily timeframe at 128.946 region. I'm looking for an entry on the break of the lows of the bearish flag pattern on the 4hr timeframe. Entry: Break of lows of flag pattern at 127.7 Stop: 1ATR above high of flag pattern at 128.978. Trail 1ATR above high of previous daily candle

TanYuFeng Updated 

USDSGD in an uptrend above the 200MA. Broke resistance on daily at 1.349 and looking for entry on 4hr on the formation of bullish flag. Entry: Buy limit at 1.349, lows of bull flag Stop: 1ATR below lows of flag Exit: Manually exit when price closes below previous daily candle

TanYuFeng Updated 

Gold has been in a tight range since mid may, flirting close to the resistance level at 1302. Price is close to the 200MA, signalling a long or short entry, depending on direction of breakout. Price broke out of the resistance at 1302, signalling a long entry. Entry: Market order at 1304.24 SL: 1299 level, just below the previous bullish candle low which is...

TanYuFeng Updated 

Price has been in a tight buildup on the daily chart with volatility contraction. The price broke out of the range and I'm looking for an entry trigger on the 4hr chart. Market is in a downtrend < 200MA. Entry: 1.3345 at the open of the previous candle Stop: 1ATR above the resistance at 1.33933 level Exit: I will ride this trend until price closes above...

TanYuFeng Updated 

Price in an ascending triangle near the resistance at 12.749 level. Bullish candle close on the previous 4hr candle and price has overcame resistance and the tight consolidation. Entry: Market order at 12.966 Stop: Right below the 4hr structure at 12.964 Exit: Trail my trade with 1ATR and exit once price closes below weekly low

TanYuFeng Updated 

Price is in a downtrend and broke support. Respects the 20MA (strong trend) and has not closed above the previous daily candle high. Entry: I missed the move last week so I'm placing a limit order on the break of the bearish flag pattern as I would have if I entered the trade originally SL: 1 ATR above the structure high at 1.566 Exit: I will trail my SL and...

TanYuFeng Updated 

Market has been in a range from the 1.163 level to 1.207 level. Price action towards support at 1.163 is clean. Price took out the previous candle structure low on 7 Nov 2017. There was strong price rejection following this. Sellers who short the break of the support are now trapped, many would sell off their position when price goes to breakeven, fuelling the...

TanYuFeng Updated 

Long term trend is short as price is below the 200MA. Price has consolidated near the resistance, forming an ascending triangle pattern. On the 4hrly chart, an inverse head and shoulders pattern has formed with the resistance as the neckline. There is strong bullish momentum on the candles on the 4hrly chart. I'd enter on the 4hr chart using a buy stop entry...

TanYuFeng Updated 

Trend: Bullish (above 200MA) Trend contination: Price broke out of range and overcame resistance turn support Entry: Looking to enter at resistance turned support for a better risk to reward ratio SL: at 4hr swing low Exit: Trail with 1ATR on daily

TanYuFeng Updated 

Market on a downtrend as below 200MA. On the higher daily timeframe, price broke support turned resistance. Looking for an entry on the lower 4hr timeframe where a bearish flag pattern formed. Entry: On the break of the lows of bearish flag at 1295.35 SL: 1ATR above the structure of the bearish flag pattern Exit: Manually close when price closes above previous...

TanYuFeng Updated 

Gold is on a downtrend, below the 200MA. On the higher daily timeframe, price broke support turned resistance. I'm looking for an entry on the lower 4hr timeframe. A bearish flag pattern has been formed. Entry: Sell stop entry at 1295 region after price rallies low SL: 1ATR above bearish flag high at 1311.81 Exit: Trail if price closes above previous weekly...