We are now at breakeven point and we're trading risk free now. We're just gonna let the market roll as the trend continues. We're gonna look for another entry with this pair. Gotta ride the bulls.
I am now looking for new selling opportunities with this pair since our trailstops got hit. Still gonna go with the trend. We banked more than 4% on these trades in less than 24hr. Not bad.
As you can see I have placed a red line that has an "SL" word on it to mark my trail stops, just in case the market decided to go against my trades. This trade is just a normal "go with the trend" type of trade. If you've been trading for awhile, you'll get it.
We'll see how this trade goes.
For now, if the trend continues to go downward, I'll keep adjusting my...
You can immediately short this pair if the present candlestick closes as a pinbar candlestick pattern on the Dynamic Resistance Area, 109.884. Stop Loss (SL) would be at the level of 109.960. Take Profit 1 (TP1) is at the level of 109.271 and Take Profit 2 (TP2) is at the level of 109.013.
Like. Comment. Share.
Like my Facebook Page and follow me on Instagram @BacolodFX
This trade becomes "invalid" if the price continues to go to the downside and breaks below the support level (RED LINE). On the the other hand, if the price breaks above the trend line (BLACK LINE) and retrace back to the support level (RED LINE) we can ride the price move to the upside unto the 109.884 dynamic resistance level (BLUE LINE). This level is going to...
We have a confirmation to long this pair! As you can see the price has broke above the trend line that we have drawn on this pair (CADJPY) and formed a of pinbar. Blue key levels are weekly and the greens are monthly key levels.
Follow me on Instagram and like my Facebook Page @BacolodFX
We're looking forward for a trend reversal at this dynamic level. (Green box is a MN dynamic support level). We can look for a confirmation after the break above this trend line (Black trend line).
This trade is considered "invalid" if the price moves below the blue box. The current price has touched the weekly key level (blue box) and has formed a pinbar on this H4 chart. Sellers are losing momentum already and now it's a good time to go long with this pair provided that the price would go above the pinbar.
Follow me on Instagram and like my Facebook Page...
3 hours ago
This trade is considered "invalid" if the price moves below the blue box. The current price has touched the weekly key level (blue box) and has formed a pinbar on this H4 chart. Sellers are losing momentum already and now it's a good time to go long with this pair provided that the price would break above the trend line.
Follow me on Instagram and...
