not looking fro specifics in price targets as of yet as im testing a new theory, just a general area labelled "box1" and "box2"
this theory captures the previous ares of wicks and uses those as support and resistance , one established the area is looking to find a 3rd touch on the trend line , (first arrow pointing towards it) to then shoot up for a long
Symbol : OANDA:AUDUSD
Type : Buy
Entry Price : 0.6610
SL Price : 0.6600
TP Price : 0.6630
Reason for entering the market : This pair has just touched the bottom trend line and is about to fly to the top trend line ...
Further actions : I will re-entry two more times if this really shoots up, moving the SL's to break even in order to minimize possible...
AUDUSD looking to retrace to the 1 day downward trend. We are looking to follow the higher lows on the 4 hour chart. Another scalping call with a 1:1 risk to reward ration risking only 5% of the account. Risk management is key so stick to your trading plan! Welcome to your thoughts and opinions.
Scalping Idea with a 1:4 risk to reward ratio. On the 4 hour chart there is a upwards channel forming. As price is currently sitting at the bottom of the channel and the Stochastic indicator is also showing the market over sold, we are expecting for a reversal. What do you think?