This is an ideal short setup with a risk/reward of 1.9. The "Weekly, Daily and 4hr' chart have the same correlation of being bearish. Weekly support is printed at price 1.60378 as well as fib tool to complete a 1.618 short extension. Coincidence, I think not. To enter this trade I would prefer to see price rise to 1.62371 and initiate a sell limit order here (at...
So I've been away for a second on sharing ideas to the tradingview platform. Not because I stopped trading, I actually caught up in testing ideas and forget to post. With that being said I previously traded the NZD/JPY for a great entry and exit making a decent profit. I was able to pinpoint where the price would retrace (Taking TP down to the pip I kid you not)...
I am fairly new to tradingview and still learning how to navigate the site. I noticed before that the trendline was once a level of support turned resistance where it tried three times in the hour chart to break and couldn't seem to do so. I placed a short on EUR/USD around 1.07495 to its prior support around 1.07145 (TP1). Since I'm new to this site (and was...
I'm calling it again! GBPUSD and EURUSD looking long (Technically) while USDJPY should go bearish. I Plotted support and resistance lines with Fib as well as 4hr S/R. I set up two target profits TP1 for 4hr TP2 for Daily. Lets see how it plays out! BE AWARE there is a lot of news this week for EUR and USD. Thank you for the support.
I see a head and shoulders pattern. We know it broke trend where I explained last time I scooped some pips. Price retraced in 4hr to 0.5 Fib. A safe TP one would be back to 1.06539. More Risky TP2 would be 1.05933. My thoughts