Buy limit at 1.21311 SL- 1.1936 - 200 pips Tp 1 - 1.25664 - 326 pips Tp 2 - 1.29100 - 800 pips Tp 3 - 1.31802 - 1070 pips R:R 5:28
We have had a large sell off this week. In my eyes manipulation for the trade of the tangible asset! Looking for a continued pull back to weekly resistance and a rally up to the heavens! Good luck and trade safe! Arran
Happy new year one and all! I am looking to BUY gold, waiting for a pullback... (as we all are) Have a sneaking suspicion this might happen on market open! Lets wait and see, BUY LIMIT ORDER: 1527.31 SL: 1504
Test 1.28791 then plummet, lost of uncertainty with election looming, such a shame as I was really excited about this £ comeback! 1.27556 will be a key area to watch out for, use a trailing stop loss after 30 pips profit and USE RISK MANAGEMENT. Trade is at a 3:25/1 ratio.
Ideal entry was missed at 1.1370 This was missed but the last three candle are conformation of the bearish momentum towards the downside. I trade using a lot size of 0.10.
I am already 120 pips in on this trade (check past analysis) from a sell limit order. As you can see price action has been respected between the trend line resistance (4th touch) and the support level (5th touch). I have left this trade open over the weekend, however there maybe another entry point depending if the bearish cande continues on market open. If...
I feel there will be a further pullback upon market open, smashing through the 1483 psychological barrier ultimatley finding resistance at the 1425 area. This is where I will take profit and see how the market reacts. My gut feeling is that this area will coincide with high impact news on Wednesday creating a bullish market which will oush us up to the highs...
USD JPY IS APPROACHING RESISTANCE AT 108.549. SELL LIMIT IN PLACE WITH A 4.21 RISK TO RATIO REWARD. USING A 70 PIP SL ENSURE THIS REFLECTS LOT SIZES.
After reaching new highs of 1555 last week I feel that the bullish run will naturalise this week returning to the 1490 mark. Reason one: US China trade war has eased (for now) Reason two: Bearish candle formation I will personally try and get a better entry at market open around the 1530 area. TP 1 - 1508 TP2 - 1490 Good luck and as always use correct risk...
MAE STRUCTURE Market is in an uptrend = :) Market is in an area of value = :) Entry on trend line = :)
Continuation of an old trade.
The previous daily buy zone (from last week) has confirmed itself as a resistance zone. Caught the market on the way up with the buy limit TP with 140 pips now trying to catch it on the way back down for 150 pips! Good luck and stay in the zone!