USDJPY Short trade I entered at the end of last week. Will hold for a couple of weeks.
GBPJPY Short Trade Set-up. May trigger within the first couple of days of 2018.
Quick brief idea of USDCAD. Bullish to break descending channel. Try to enter trade on lower time frame and manage trade throughout. (sorry 'descending' is spelt wrong on chart).
Got in short on the 30 min time frame on an aggressive touch of TL also a formation of an indecision candle to confirm my entry.
Look to take short at 61.8% Will be checking other time frames for best entry, looking for MA cross and break of TL.
Looking for break of TL, then cross of MA's. Will enter when a see an open above, close above.
Shooting star formed on Friday (2nd most bearish candle) on TL. Looking to take this down to 61.8% but this pair has a lot of down side potential. The least I would be looking for would be a 2:1 risk reward.
Seeing lower highs and lower lows. Price broke through the ascending TL, retraced back to it and is now breaking to the downside. 50% fib held three times along with the descending TL. Looking for completion of leg D down to -27%/Monthly Sup (110.00 area). Price may run into trouble in the RED area (112.00-113.00) so I will be monitoring price around this area. I...
MA cross over just before break of trend line. Will take down to 139.600 where price bounced from trendline.
Posting this one a bit late. Opened a short on the second test of 61.8% which lined up perfectly with the 4H trend line. Targeting 139.750 but will most probably see it come much lower. Second target of 139.000.
I posted a EURGBP trade a couple of days ago, the entry seemed perfect and the trade was going my way. The trade then went badly against me and broke out of the channel. I pushed my stop a lot higher to 0.85925, I then entered another short around 0.85825. Price came back down 0.85550 where I took profit from my second trade and cut my loses on my first trade...
Posted at the start of the week, price has now retraced to the 61.8% and I have taken a long position. Price may run into a little trouble at the blue weekly trend line, once price pushes through I will look to take this trade up to monthly res (1.2770) and try to go for the completion of point D. I will get out when market gives me a reason to around these areas....
Looking for ABCD pattern completion. Looking on the weekly chart, price has crossed the BLUE weekly trend line and EMA's have crossed. Daily: retest of weekly trend line happened today (27/02) and was rejected. We may see price come down to 61.8% before a bullish run up to monthly resistance. Target 1: 1.2770 (monthly res). Target 2: 1.2901 (-27%)
Very nice risk reward. Looking for bounce off channel, also a nice physiological resistance at 0.85500.
Price broke through 4H descending trendline, came back to retest at the same point of bouncing from ascending daily trend line and 61.8 78.6% Fib. Price is now breaking through orange resistance area, therefore once 2H candle closes above I will be moving my SL to profit. Target 1: 1.3210 (0%) - Target 2: 1.3264 (-27%) to complete ABCD fib pattern. My trade was...