Hi y'all, sorry for not posting analyses recently! Had a very profitable past week but only ended up posting like 2 of the many trades I took. As I'm using this as a public trading journal, I need to stay more accountable! With that said, let's dive into my second trade of the week. Looking for a long on this pair -- I'll be taking profits at .677 and .682 as...
Oil is well positioned to make a small move up here. Taking profits at 54, 55, and 56.
Only risking 1% here with tight stop loss. Wicking off structural level here, looking to catch reversal!
Looking to target the 1.61 extension of the bigger picture market structure here! Tight stop, very small risk, looking for 100 pips to the upside.
Taking this longer term trade with a wider stop loss. Small lot sizes, good structural position.
Looking to take a clean short here on GBP NZD. FIb has retraced to the .618, moving nicely below the 200 EMA. Risking 2% here.
BTC has slightly bounced off the 9350 support, but has done so weakly and looks to be continuing downward. I expect a downtrend continuation for now, and will be entering bids for longs at 8600, 7900, and 7500. 11000 is the next significant resistance up, but for now the trend is downwards. (Big picture sentiment is still bullish, and I expect much higher highs in...
The position is just above a crucial key level and is maintaining a good trendline, entering here. Targeting previous structure highs. 5% risk
GJ has been clearly trending downwards in recent times, and has brilliantly tapped the 38.2 retracement of the structure (higher time frames.) Current time frame is slightly zoomed in.
Looking to take this trade on the day, slight downward momentum, structure based.
Sell limit here on gold @1424, using market's previous patterns to locate this short.
Tight stop loss here, looking to short this as it breaks out of the current range. Targeting 50% fib level. 1% risk.
Looking to hold this for some time. Clear consolidation as well as the beginning of printed reversal candles, attempting to snipe the end of the trend.
EUR / GBP -- entering here based on a larger time frame structure. Looking to hold this for some time.
using a buy limit to target a structure based upswing. 1% risk, 1:1 RR is first target.
Using support and resistance to define the current range of this pair. It has previously tapped in the high 39s and gone up, and wicks and volume are in favor of slight bullish momentum.
This pair has been consolidating nicely on multiple time frames, and appears poised to break out slightly to the upside. 1% risk here.
Structure based analysis of this pair, after a small selloff recently it appears to be respecting a key market level. Targeting smaller structural highs with a tight stop loss.