Hi all,
Took this trade last night when price was near 2.0400 where the price was also bouncing off of. and was channeling on 15M. But breakthrough and trended upward. I was already in with my rules of Channel Breakout setup. GBP News went out during London session and boom, 170 pips when I woke up this AM.
I advanced my stop loss near 2.0505 to lock in some...
Despite the dominance of the bulls as one of the best animals for breeding, I believe that with the heat, they will become meek...
Trying to find a nice R/R for a Short, even though the market does not give us this gift at the moment;
Point C can be forged a bit up between 127% and 141% extension from X to A leg;
The trend is UP, so the Short position could be,...
Second Condition If this candle close
s Above The Upper Trendline
In Green Then I am Long With
Take PRofits @ Upper Flag
Out@breakeven
Happy Trading
Short Pending Order@2.02451 Canceled for take profits@ downward Trendline Breakout
Alright Market Did not close Below Trendline To confirm To Short So Quite A Breakeven Trade
Still awaiting confirmation, but I may be taking a long trade once I see further confirmation.
NEWS: Employment figures announcement at 13:30 UK time which may confirm or invalidate the trade.
I'm awaiting confirmation to complete my bias on this pair.
Daily Inside Bar formation at Monthly key area (range of Daily candle set with rectangle tool).
Two possibilities:
1) BUY - C.T.L break to the upside with follow through momentum PLUS H4, Daily and Weekly M.A crossed to the upside.
or
2) SELL - Outer TL break to the downside with follow through...
Entry @ Candle Close Above Trendline
Take profit @ Flag Level Defined
Stop Loss At Breakout Candle LOw Means if any candle closes below breakout candle wick low i'll be out
look for bullish price action between 1.95000 and 1.94656 which is also in confluence with the 0.5 and 0.618 fib level. first target at 1.97000/swing high
ok market is slowing down at the breakout so not going to buy this trade so do not trade this one if u have opened an buy order than close it with nearly 40 pips profit thanks.
happy trading
Here we got another one of the infamous harmonic patterns with trend on the 4hr timeframe. This pair have been a little choppy the past weeks, so look out for how the price action is going to behave. We need an over sold RSI and a good retracement. Since this is a with short term trend we got 2 targets, i recommend to close half position at target 1, move stop to...
ANY PULLBACKS INTO THE RED ZONE I'LL BE LOOKING FOR A BUYING OPPORTUNITY. THE POUND WAS UNDER PRESSURE FOR A COUPLE DAYS BECAUSE THERE WAS UNCERTAINTY BECAUSE OF THE ELECTION. NOW THAT THE ELECTION IS DONE SOME OF THAT UNCERTAINTY WILL BE REMOVED WHICH WILL STRENGTHEN THE POUND. ON THE FLIP SIDE OF THINGS CANADA ELECTION IS COMING UP THIS AUTUMN SO I EXPECT THE...
PRICE HAS BROKEN OUT OF THE CHANNEL AND HAS NOW RETESTED IT ALONG WITH A SMALL STRUCTURE SUPPORT LEVEL, A HAMMER CANDLESTICK WAS FORMED SHOWING BUYERS HAS STEPPED IN. THIS SETUP IS LOOKING LIKE A GOOD LONG OPPORTUNITY BUT PERSONALLY I,LL BE WAITING TOMORROW TO SEE WHAT THE BOC GOV HAS TO SAY IN HIS SPEECH. IM HOPING FOR A DOVISH STATEMENT BECAUSE THIS WILL WEAKEN...
This pair finished the WW pattern and came back from the sweet-area. The triangle is broken and first target I'm aiming for will be the yellow arrow, second target the orange arrow.
Thumbs up if you like! Wish you a happy and safe trade.
