tradingwithruta

tradingwithruta

Going to enter in on this trade for a 30 pip risk and a 142 pip reward, if the support level shown is strong and the market respects it more than I want it to, then I will look for an exit. If not, I will let the Winner run and continue by chasing with my stop loss.

tradingwithruta

Fib level also right where the resistance is, perfectly aligned. Exactly where I believe it will pullback down.

tradingwithruta

Market currently consolidating with no TRUE trend so I do expect it to respect the previous support to resistance. Also has the chance to drop all the way down to the thicker support level to previous low, which also has multiple touches and is also going to be respected. Clean setup here.

tradingwithruta

Sell - 4H/1H

tradingwithruta

Buy - 1D/4H/1H Break and re-test also on the 0.5 fib.

tradingwithruta

Sell - 4H/1H M top and on the top of level 3 indicating a trend reversal

tradingwithruta

Buy - 4H/1H The market currently breakthrough previous resistance, turning it into support as it is re-testing it. Price also at the bottom of zone 3, meaning we are looking for buys

tradingwithruta

Buy - 1D/4H/1H W bottom right on the daily support line, expecting the market to move to the uptrend. Might not breakthrough but there's a possibility, as to why I created two targets for this play.

tradingwithruta

Sell - 4H/1H There is a head and shoulders on the one-hour interval, check for yourself and decide on what to do for the trade. Once target one is hit, I will re-evaluate if I should either keep the position or closed the position. If I keep it, I hold for target 2. If I close, I keep the profits.

tradingwithruta

Buy 4H/1H Blue eclipse showcasing the breakthrough of the daily downtrend, indicating the trend reversal. After that the market began breaking and re-testing resistance levels as you can see with the red levels and markups.

tradingwithruta

Sell - 1D/4H/1H It is also possible for this pair to create a new daily downtrend and make its move to the other trend line in order to initiate its move to the upside.

tradingwithruta

Sell - 1D/4H Market currently hitting daily highs, and could also be the start of a new daily downtrend. Expecting it to hit at leas the bottom of zone 2. The blue arrows indicate what I expect the market to do if I lose in this trade. Don't see it consolidating at all here. Always have a backup plan and make sure you know what to do if you lose on a trade....

tradingwithruta

Buy - 1W/1D/4H Thick yellow trend line is a weekly down trend that has 3 touches. I'm seeing the market make its move up to the trend line and plummets down after hitting the weekly trend line. But right now I believe it's hitting these key points in order for it to have enough power to move up to the trend line. It broke through a 4H past resistance turned to...

tradingwithruta

Sell - 4H/1H

tradingwithruta

Blue arrows indicate scenario 1. Red arrows indicate scenario 2, I'm leaning more towards the blue arrow because I expect a bigger setup for the market to rebound from the big fall it just had, it won't just rebound from one small uptrend channel in the 4H. But yet again nothing is guaranteed in the markets so its still a possibility which is why i'm still taking...

tradingwithruta

Red arrow is least likely to happen because it's too much of a perfect setup, meaning that scenario is what we WANT the market to do. Always try to think that the market is trying to take your money and it's your job to prevent that. Blue arrow is more likely to happen because we are in a slight downtrend, and in downtrends we know that we create lower highs,...

tradingwithruta

Sell - 4H/1H M top on the trend line

tradingwithruta

Sell - 1H/4H SL super tight because i get stopped out, I will re-evaluate and then re-enter when it hits the same key resistance zone.