TradeSmart-FX

TradeSmart-FX Updated 

A nice downward trend on the daily chart broke support and retested daily resistance. Implementing one of my Heikin Ashi strategies with a 1% risk to 3% reward ratio. Follow for more content and trading setups ***None of the information contained here constitutes an offer or advice to buy or sell any currency, product or financial instrument, to make any...

TradeSmart-FX Updated 

Are we going to see the NAS100 play by the rules, or flop into manipulation, fomo, or panic selling? A possible retest of key fib levels during bullish daily price movements. Formation of support could present a moderate long position on the 4H timeframe. ***None of the information contained here constitutes an offer or advice to buy or sell any currency,...

TradeSmart-FX

Private backtesting session for review

TradeSmart-FX

Price currently testing trendline which is acting as first resistance, second resistance level at FIB 0.382. Will be watching Monday's session to see if we have a closing 4H candle above the trendline. If EMA remains bullish, RSI maintains its breakout over the oversold level, and MACD still pushing towards the 0 level, we can expect the price to retest the...

TradeSmart-FX

4H chart: Price bouncing off downtrend line Price at FIB 0.786 with a possible move to 0.5320 MA crossed to bearish area on MACD on 4H chart, MACD in bearish zone on 1H chart. RSI in downtrend Parabolic SAR bearish Feel free to share your comments and ideas!

TradeSmart-FX

4H chart: Price broke below trend line, broke support at 1.0885 MA crossed to bearish area on MACD RSI in downtrend, currently at 34 Parabolic SAR bearish Testing FIB 0.382 with possible move to (1) 1.0780, (2) 1.0720, (3) 1.5220 Current trade open at 1.084, SL 1.089, TP1 1.0722, R:R 2.36 Feel free to share your comments and ideas!

TradeSmart-FX

Break of structure on weekly TF Correction close to golden ratio MACD and EMA bearish on 4H I don't expect GBPUSD to fall under 1.15 so the short position wouldn't give a good R:R at this point. I wanted to check if ,theoretically, this would be considered as an ICI scenario, for the sake of learning to find the strategies on live charts, could this be a valid...