This trade set up is based on elliott wave analysis and the extremely negative sentiment towards gold and oil. Risk/reward Ratio = 2 You can buy 50% of the trade now and the other 50% by limit order at 1059. This long trade is in line with our longs in NZDUSD and Oil. Happy trading :)
AUS200 is going in a complex correction and there is a good chance that it will go up significantly next week. We inter this swing trade today with 3.58 risk/reward ratio and we close our longs once leg C = leg A Happy trading :)
*UPDATE: Stop loss moved to break even* Hello Traders, Here we got a 2618 trade setup on 60 min time frame. The trade is with the major trend and the risk to reward is also favorable. Note that 2nd target is at 127.2 extension which is located exactly at previous structure.You can wait for bullish price action since the market did went below the 61.8% level. I...
Palladium remains a difficult metal to trade and given the bounce of the 50% retracement at 754, we are seeing a strong demand and potentially higher move off this price. We cannot rule out another attempt to take out 787. 1st Buy on the break of 787 with a stop at 778 (risk 10 points) target 804 (reward 17 points). 2nd Buy should price pullback between 765 -...
There are 2 Trade plans but both need confirmation of the breakout and a retest of the breakout area (i.e. resistance should and must become support to validate the breakout) 1st Game Plan - Long Silver at 16.71 stop at 16.03 (risk 68 points) Target 17.71 (100 points). Stop is rather wide but look to raise should breakout validate by testing the previous...
Hello Traders, It feels like we just not going to stop getting 2618 trade setups, they are everywhere, LOL :) Alright back to business, so here we have another 2618 trade setup that is near completion. If you look left, we have got our double bottom at the previous structure zone AND the market has broken and close above previous lower high, signalling a POSSIBLE...
Hello Traders, Here we got yet another 2618 trade setup that has just completed. RSI is also reaching oversold level. The major trend remains bullish. We also had a 2618 trade setup on USDCHF as well, look into the previous posts. See the chart for more details. Thank you for your time. Trade smart and Good Luck !!
EURUSD went down after long wait , and we are expecting that this pair will remain in selling until our TWO resistance levels not break ,,, and Monthly support levels are just 450 pips away ... so eurusd could be touch these levels ...
The Euro has reached 1.3670 and spiked up last hour. A break bellow 1.3640 could trigger a fall back to the previous lows.