Hey tradomaniacs, welcome to another free setup! Notice: You don`t need to follow me on this one as this is a high-risk-trade ahead the news. I personally have a higher risk-aversion and see a great opportunity here! EUR/JPY: Daytrade-Execution Market-Buy-Order: 127,450 Stop-Loss: 127,130 Point of Risk-Reduction: 127,680 Take-Profit:...
many wicks to the downside, overall bullish trend i expect this to come to around the 127.30 lvl with a 20 pip stoploss.. waiting for confirmation first.
Waiting for a break out of the range before taking this trade. Been sideways trending since December 2020 so hopefully looking for it to break through the current 23 line on the fib.
Price is grinding higher within a equidistant channel. The preceding move was bullish and I expect a bullish continuation. This expectation lines up with the weak dollar. I expect the current area (the bottom of the channel) around 1.21775 to hold as support and price to move higher. My initial target would be 1.2330 , if achieved this would provide a 5R trade. If...
Markets have been quiet as expected during this holiday period, but EURJPY has been consolidating since early Dec. The preceding trend was bullish and in my opinion, the most likely direction the market will break out will be to the up side. I am willing to take a long at the bottom of this corrective structure or upon a break out and retest at the top. If you...
So I am mainly looking for buys looking for a quick scalp of 15-30 pips! Making sure I perfectly enter with my buy stop.
EURJPY 4H timeframe analysis, the overall market structure is uptrending and right now came down for retracement and about to go back up for SWING HIGH.
Im looking to buy EJ until that support and resistance zone which is more than likely going to reject off and then sell!
I had already highlighted that for buys to be valid, price needed to break resistance and form a support. Price did exactly this and as support was formed, I looked for confirmations to enter buys. When the bullish 15m candle broke the high of the previous 15m candle which was our formation of support, I entered the trade. My stops were below the current 30m...
Fib 50.00% retest , which correlates with daily support. -61.8% fib roughly correlates with swing point.
We noticed that on the 1m timeframe price broke resistance that was being held even on such a small timeframe, as it was a new timeframe to trade off of, we used half risk when we executed the buys, with our stops below the 30m breakout candle, we secured 12 pips as price tapped into resistance before stopping us out at BE.