Maybe it’s a little bit of impatience but I couldn’t resist that inverted hammer rejection. Hopefully take this for a few pips, although price is approaching a strong support so may not get all the way.
Not long to go until the markets open! here is a potential four hour short setup on AUDCAD for early in the week.
We have two possible entries for you!
First entry and the riskier one of the two is off the 50% fib level, ema and support now turned resistance, price could wick up into the 618 level before dropping!
The second and safest entry would be a break...
Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my...
Hi, my name is Shooter_Forex .
DownTrend signal appears M (demand zone) + W1 (demand zone). Sell Limit
Note: If you want to sell at frame H4, you need a patience signal to appear. Good Luck !!!
I use the following methods:
1. Price Action
2. Supply Demand Zone
3. Risk management: Investment capital ( 4% / deal)
I'll be looking to take this pair SHORT after a rejection off the descending trend line.
🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
Good Afternoon everyone, from today onwards im going to be posting daily updates on all our positions taken within forexinsightsuk. We haven't been very active recently due to certain set backs. But we/re back for good now. So a very quick update on this weeks trades placed..So our first trade this week has just hit TP1 and we manually closed TP2 to bank some...
- Price respecting dynamic resistance
- Clear rejection of 61.8 fibonacci level, indicating transfer of momentum to sell side
- Clear bearish market structure with lower highs and lower lows, anticipating next impulsive move to the downside
- 1:6 risk to reward ratio for this trade, 2% risk as always