RoyceLee

RoyceLee Updated 

Buy stop above previous zone. Stop loss at half way point of consolidation area. If trend line is not respected, cancel pending order and reverse bias.

RoyceLee Updated 

Weak economic data and no rate changes imminent. The RBA intends to keep the AUD weak in order to boost the economy. We can look for short opportunities in the AUDUSD pair. We can place a short order at the .618 retracement and trend line levels. This structure also worked before in the past. We will aim for a 2:1 RR and beyond. Good luck!

RoyceLee Updated 

Poor economic data, break of support. Aggressive traders can enter now with a wide stop. Conservative traders can enter on the retest of resistance at 1.59800. Aim for 3:1

RoyceLee Updated 

Economic data suggests that CAD is weakening against the Yen in the short term. We'll short at structure and hope for a continuation.

RoyceLee Updated 

Great RR at resistance level and completion of ABCD Pattern, give it a shot! Risk 0.5% to 1% of your capital only!

RoyceLee Updated 

High probability trade with a 3:1 or more risk/reward ratio. Consolidation happening at an important level.

RoyceLee Updated 

Support holding well on GBPUSD daily chart level. We will look to long on a retest of the demand zone and im for the .618 retracement levels, taking partial profit at the 3:1 RR mark.

RoyceLee Updated 

Classic Gartley pattern forming on the GBPJPY daily chart. We can look to short in the next 2-3 days on bearish price action at or slightly above the D point.

RoyceLee Updated 

Broken triangle and previous resistance makes for a good area to place a long position. We target the 0.618 retracement level of the large downtrend.

RoyceLee Updated 

Break out consolidating at important level. Now awaiting retest to enter. If price drops below yellow box close trade. Take partial profit at previously untested resistance.

RoyceLee Updated 

Breakout to 0.618 extension level before pulling back to breakout price. Entry at breakout price and take first profit at 0.618 level. Possibly take second profit at 1.618 level.