seems like a good place to go long not a great RRR but .... also: the short position and long position graphics tools(the ones with red and green colors) is just for making an idea; it is very likely that the price can deviate from that interval; adapting this "signal" to your risk parameters can be a good idea.
got a short position on Nasdaq with the stop loss already moved to BE it is still a good idea to go short... I think
seems that GBPCHF likes to range in that area;
took this trade(with the worst entry) on a funded account; reasons: Canadian dollar should take at least a small breath and NZD looks to change sides also on the other pairs
I'm preparing for a long on EURGBP once the EURCAD trade is over; there are 3 ways to go long, depending on your risk appetite;
the yellow zone was tested a few times, time to go long
1:going short on the short term if a retracement will happen; 2:wait for the whole move down and go long for mid term; 3: if you like wider stops, going long on the mid term/long term;
you can wait for a better entry, but still short;
selling UsdJpy with a pretty good RRR the trade is a little risky with the us dollar getting stronger, but let's see
I see two possibilities: the green one if the current price action is just a trap for sellers; the red one if the price will want to retest one more support before going up(more for position or midterm traders)
looking at the price action, seems that the top of the big upper channel was already touched on May 10th :). if the price won't go sideways for a long time, touching the bottom of the channel in the next weeks will give us 8% from here. remember: it is just a possibility; this means that the price can also rally to new highs with no correction for a long time from...
We are getting a strong rejection from the psychological level, old trendline and a new formed support; 3:1 RRR with the weak at the current 4h candle low
Big extenuation candle on 4H followed by a weak candle. having also a important support
Currently we have a big support at a psychological level. Expecting to go climb further to the marked resistance On the short term, expecting to make a higher high very soon