Testing a strategy. Placing order this week pending 1 strong fundamental factor released Monday.
SL @ 1.1200 just above the -27% level TP1 @ 1.10700 just above the 38.2% level TP2 @ 1.0300 50% TP3 @ 1.1000 just above the 61.8% -using minimal risk, with a very small lot size.
SELL AUD/JPY @ 74.438 SL @ 75.250 TP1 @ 73.880 near 23.6% TP2 @ 73.500 near 38.2% TP3 @ 73.200 near 50% -Price action shows a bullish trend but double topped at whats looks to be a strong daily resistance respected many times as far back as Sep. 16, 2019. -TP3 sits well at the 50% level...
Short EUR/GBP @ 0.86100 SL - 0.87850 TP1 - 0.85710 TP2 - 0.85200 The COT reports below are a bit unclear although they show more entities shorting the EUR. ------NON-COMMERCIAL---|---COMMERCIAL -------LONG------SHORT--|---LONG-----SHORT GBP 21,400 94,000 183,500 109,600 EUR 147,000 228,000 265,000 222,400 The...
patiently wait till price hits the 38.2% level where it meets the trend line then short sell.
Sell Limit NZD/CAD @ 0.84150 SL - 0.84700 TP1 - 0.83400 TP2 - 0.83100 TP3 - 0.82700 -Technical and Fundamental Analysis is the same as previous CAD/NZD idea just with different entry, SL and TP's due to the fact my broker arranges the pair this way. Overall same principles and fundamentals, just different numbers.
Buy Limit CAD/NZD @ 1.1870 SL - 1.1800 (-70 pips) TP1 - 1.2040 (+170 pips] TP2 - 1.2100 (+230 pips) Fundamental Analysis i. 10.15.2019 COT Reports show ~67,000 orders from non-commercial entities (Banks) Longing the CAD and ~56,500 orders shorting the NZD. ii. 2Y...