ChillaxTrading

ChillaxTrading

We are seeing a ascending triangle on 4H timeframe, and we reached the support zone on daily timeframe, also if we close this week we will have a buy signal on weekly stochastics. we can trade the triangle and keep the position open for more potential profit, This can be a very juicy trade considering the risk to reward ratio of 1:4.

ChillaxTrading

Waiting the price to reach the support level and form some kinds of bullish rejecting candle, and of course the stochastics buy signal on 4H or D. Considering the fact that price is below 200EMA this is bearish on Daily so I will make my TP level conservative. Risk Reward=1:3//Equity risk=1%

ChillaxTrading

GBPCAD has a beautiful channel on daily, and we reached the support area, there is Bullish engulfing candle on daily time frame, And I decided to go long with stop loss 1 ATR below the previous candles low, I am aware that we still did not reached the stronger support line but I am willing to risk 1 percent on this beautiful Bullish candle. Also Stochastic(14,3,3)...

ChillaxTrading

Price formed an descending triangle on weekly time frame, which we find ourselves on the support line of the triangle, and price action seems interesting for a buy setup, if you zoom in 4H timeframe you can notice an ascending triangle, we can wait for a simple break and retest and go long, reward seems very juicy for this trade, risk : reward=1:7,also MACD is...

ChillaxTrading

As you can see on the 4H time frame there is an ascending triangle which indicates buyers power, we can wait for the break out and hope for a retest for getting in a long position, and volatility is dropping on 4H, which also indicates a break out is coming... Take care and stay profitable...

ChillaxTrading

As you can see on the chart there was an ascending triangle on daily timeframe which we break with strong candles, now we have a low risk entry on the retest of the triangle, it's a 2 to 1 reward to risk ratio, stop loss is 1 ATR below swing low, AUD is in a weak stance and EURUSD is in a huge support area, so we can hope for winning trade... Take care and stay profitable

ChillaxTrading

I am willing to see a pullback to the broken wedge or channel which we broke lately, and I might enter around 0.382 or 0.5 fib levels, this is a 1.2 risk,reward which is decent.

ChillaxTrading

I'm looking for going long here we had a bullish engulfing candle near the trend line, and price is near daily vpvr support, we are forming an ascending triangle, we can have 1 to 3 risk, reward here, plus DXY can correct a little bit with the Friday's bearish engulfing candle.. Take care stay profitable

ChillaxTrading

Good risk to reward ratio support with fib 0.618 level, seems like an entry to me...

ChillaxTrading

head and shoulders pattern watch out mohtafucka

ChillaxTrading

falling wedge might break out bullish

ChillaxTrading

We can see an ugly rising wedge on daily timeframe which is a bearish pattern! Careful!

ChillaxTrading

As you see on the chart we see a bearish divergence on OBV indicator in daily timeframe! Volume doesn't support us! And we might see a reverse hammer forming today also which is a trend reversal sign also... Take care and stay profitable :)

ChillaxTrading

There is a strong resistance top there which we can use and enter a short trade with a good risk to reward ratio! We might see a tight consolidation between the two red lines which will benefits our risk to reward ratio... let's see what will happen :)