Trade Idea: Wedge Breakout + Retest Triangle Breakout + Retest
Enter at Retest: Target Entry Price 0.68080 Exit: 1st Target, Take Profit 0.66173 Exit: 2nd Target, Take Profit 0.65103 Exit: Stop Loss Above The Breakout Candle, 0.68829 Trade Idea: Channel Break
CADJPY BROKE CHANNEL SUPPORT LINE.
Trade Idea: Parallel Channel Break (Daily Close) Retest
Parallel Channel Wait for the Retest of the Line.
Trend Line Break View multiple touch points to form the Trend Line.
Wedge Pattern + PinBar Wedge Support Line, Horizontal Support Resistance Line, and EMA 10 EMA 20 are in close proximity to each other.
This Trade-Set Up Is For Practice and Process. I am not trading this set up.
Trade at Support Resistance Line and Dynamic Support Resistance Line a.k.a. EMA 10 EMA 20.
Trade at horizontal key level, diagonal level, EMA 10 EMA 20. Blind Entry. There is no confirming price action signal. Support Resistance Line at 0.67919 Trend Line intersects Support Resistance Line at December 14 2018.
I am reviewing this trade-setup. This is not in my trade plan. This is not a parallel channel. I am reviewing this trade-setup. I took curve fitting to a different level on this one. Clearly, this is not a technical pattern (Channel). This what happens being in front of a chart screen too long late at night and drinking Christmas Beverages.
AUDCAD Trade Idea Failed. Price Retested Channel Support 3x and Support Became Resistance. The Stop Loss Level Was Too Tight. Next Time, Have A Larger Stop Loss Level Area. Look at price in relation to EMA 10 EMA 20. The Exponential Moving Average. This may not be a "parallel channel." I might be guilty of curve fitting on this trade set up. Outcome Pips...
USDZAR pulled back to Fibonacci Retracement 38.2% for this Swing Trade. Traded in direction of the Trend.
Estimated Entry Date January 09 2019 Entry Price 1215.73 Target Price 1160.02 XAUUSD BIST:XAUUSD1!