Following my post from yesterday on the structure trade set up on this pair, the market has now reached our target giving us a total profit of 56 pips. The gartley trade we took on this pair early today has also given us a profit of 31 pips on our 2 targets. That's me done for the week. I do have a few position open still. www.tradewithme.co.uk
Following my post on this pair early last week, the market didn't do what I expected it to do on this occasion but hey losing is part of the game & besides based on the results my back-testing on this pattern I know it only has a 60% winning ratio so that's 2 winners from last week and a loser on this pair.
I did not get filled on this position, the market came within 2 pips of my order but i never got filled. So for those of you who might have been waiting to take this trade, i don't know whether you got filled or not but the market has come back to where our initial target would have been so for that reason i'm closing my order on this trade. If you did, however,...
Setup reasons 1. support level has been touched and bounced 2. price has left a pin bar to signal a reverse 3. bullish candle show a change in momentum 4. bounce of long term strong trend line
Simple bounce off strong support with bullish engulfing on 4hr chart also a tweezer pin bar candle stick formation
After a slow week another setup 1.Break of long term trend line 2.Break of strong RES level. 3.Numerous tests to try break back through trend line to down side but previous RES acting as support now 4.Bullish engulfing taking out the past 20 hours of price action
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences. Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum so for me i will be long on this pair Happy trading ;)
My reason behind this setup is quite simple After break of long term trnd line price has come to a support level which has held up well numerous times in the past and has bounced of the support level so i believe price will re-test trend line and previos support now playing as RES There could be alont of selling power after the re test of broken trend line and...
My reason behind this long setup, after a break of trendline support there has been weakness at previous support which has held price numeors times in the past Therefore i believe price will return to broken trendline to retest before any bearish movement This is a very aggresive way of trading please bare that in mind Risk reward aint the greatest but i...
Hi Traders, The DXY (Dollar Index) is very close to break a very important triangle which also with 78.6% fib. This triangle has been holding since mid March 2015 and is very tight correction here which I think it's only preparing the market for a new high. IF DXY really breaks this triangle, we can see the USD getting .strength across the board. When DXY breaks...
$EURGBP BUY TRADE, LONG @ ANY LEVEL BETWEEN 0.72550 AND 0.7280 TARGET 0.7400 STOP LOSS @ 0.7200 Watch this space as I will be posting more ideas to support this view and I will also be frequently posting small short entry opportunities and possible scalp trades whilst the bigger trade unfolds. I provide signals service for free as a gesture of goodwill, and to...
Hi Traders, Today $USDCAD made a new yearly high above 3352 and trend line on RSI there is also breaking which indicates more upside is to come. However, I prefer to sell $CAD against other currencies too and one of them is $GBPCAD. I am buying $GBPCAD here with Stop loss bellow today's low and TP at 78,6% fib around 2.0750, a Risk/Reward bigger than 3/1. Also on...
and it's all about buying stocks for a low-interest euro
url=https://www.runningalpha.com]Running Alpha Capital Markets continues to favor USA and India Equity Markets -- Access to high conviction names in this space is now available. Although Running Alpha Capital Markets is very bearish on Canada this fall, they are very bullish on USA NASDAQ technology - ( dominant move coming out of widening consolidation should...
Another mostly technical play, capitalizing the upward momentum that exists for this pair and yen pairs in general. I picked the hourly over the 4hr this time mainly b/c obviously the trade ends alot quicker. Expected Price Target 124.10
Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place. As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting...