TradebyRoss

TradebyRoss

I’m currently long on EUR/USD at average price 1.093, expecting the price to hold at the current support level at 1.09 and retrace to the 38% fib = current resistance. Risk/Reward: 1:2 Let’s see how this plays out! 📈

TradebyRoss

I know AUD/USD is bullish, being short is totally against the current trend and doesn't make sense, but how often are we right? I'm taking this trade even though it goes against my bias. Entry: 0.668 Stop Loss: 40 pips Take Profit: 60 pips Manage it accordingly!

TradebyRoss Updated 

NZD/USD is at the top of my list for the coming week. Logic : It has broken the current support, and I'm looking for a retracement above the high of the last two days before it rolls over. Entry : I'll place a limit order with a 1:1.75 RR. SL = above the current resistance / TP = below the current support This setup remains valid unless the price breaks...

TradebyRoss

NZD/USD is my favorite pair for the coming week. The trading setup is valid if it breaks its current support and comes back for a retest. This time, I will use two different TPs, with the SL above the previous weekly high, and a 1:1.6 RR.

TradebyRoss

Trading Idea: Short GBP/AUD Reason : Bearish short-term trend; broken current support; approaching strong support. Setup valid if it doesn't trade below the last weekly low. RR -> 1:1.7, SL -> above 0.78 Fib, TP -> current support Expecting a sharp retracement. Will update as the trade develops.

TradebyRoss

Sorry for my previous typo. To avoid any confusion, I had to cancel the previous order and am now placing the long order again. As i mentioned before, not the best setup, but I'm betting a gap fill and grabbing liquidity above the current resistance. 1:1 RR, and hoping the head and shoulders pattern is correct. hope didn't make any mistake this time :)

TradebyRoss Updated 

Not the best setup, but I'm betting on the gap fill and grabbing liquidity above the current resistance. 1:1 RR, and hoping the head and shoulders pattern is correct.

TradebyRoss

On the 1-hour chart, I see a short possibility on the SP500. This trade is against the prevailing trend, but 1:2.5 RR makes it worth a shot. The trade remains valid until the current 1-hour down wick is retested.

TradebyRoss Updated 

I'm considering a short position on the UK100. I anticipate a retest of the current resistance, which aligns with the trendline. - 1:1.5 RR - SL above the previous weekly high - TP current support level

TradebyRoss Updated 

USD/JPY is my favorite pair for the coming week. I'm anticipating a long position after an impulsive move toward the buy zone, which aligns with the 200 moving average and the 0.68 Fibonacci retracement level.

TradebyRoss Updated 

I'm looking for a possible short entry on UK100 upon a retest of the current resistance, which aligns with the 4h moving average and the 0.68 Fib level. I'll place my SL a few pips above the previous daily high, aiming for a 1:2 RR.

TradebyRoss Updated 

I'm currently considering opportunities on both sides of the EUR/USD pair. My strategy involves going long if the previous weekly low holds , indicating potential upward momentum. Conversely, I am prepared to go short if there is an impulsive retracement , suggesting a downward correction. Stay tuned and trade wisely!

TradebyRoss Updated 

I know it's not the typical setup and is totally counter to the trend, but sometimes we have to do the opposite to make money. 😉 Anyway, I'm in a EUR/USD long position at 1.072 with a 1:1 RR. I'm hoping it holds at the old support level, which aligns with the 0.61 Fib level. Take Profit (TP): Assuming it will fill the gap and retest the previously broken...

TradebyRoss

A potential head and shoulders pattern is forming on the GBP/USD 1-hour chart. The setup remains valid unless a strong bullish candle closes above yesterday's high at 1.2766. I'm targeting the support below the neckline and plan to add to the position if it closes below 1.2700, if the market offers me an entry opportunity. The logical Head and Shoulders Setup...

TradebyRoss

I prefer to short USD/CHF following an impulsive move to the downside. I'm aiming for a 1:2 RR, expecting the price to reach the area of interest and then break the previous low.

03:03

TradebyRoss

Hello traders, The EUR/CAD setup looks promising. I have marked the important key level and my potential short position idea. I will provide an update if the market changes. Wishing you blue digits on your trading platform!

TradebyRoss Updated 

A possible short idea on the UK100. If it reaches today's London rejection area, it seems like a sell to me with a 1:3 risk-reward ratio. SL = 30pip TP = 80pip Important: If the order isn't filled by tonight, cancel the position.

TradebyRoss Updated 

Short ideas on GBP/USD. Remember, it only makes sense if the market shows some sort of weakness and possible involvement.