fxstudent299

fxstudent299

Trading idea on 4h chart: Long GBPUSD – Trading with the Trend _______________________________________________ Trading idea: limit buy order at 1.5345, Risk-Reward = 4.0 SL@ 1.5310 (-35), TP@ 1.5485 (+140) _______________________________________________ 1. GBPUSD is moving up on the 4h chart (main trend on this timeframe is up) 2. Solid support area between...

fxstudent299

Trading idea on 1h chart: Short EURNZD – possible SHS-Formation _______________________________________________ Trading idea: stop sell order at 1.5495, Risk-Reward = 5.0 SL@ 1.5545 (-40), TP@ 1.5270 (+225) _______________________________________________ Not a classical Shoulder-Head-Shoulder formation (right shoulder too high, neckline not in a right angle), but...

fxstudent299

Trading idea on 1h chart: Short USDCAD – sell at role reversal line After an impressive run USDCAD seems to be exhausted and needs at least a larger consolidation. -price broke under support line at 1.2670, which now is resistance (= role reversal) AND -price on 4h chart is under 20EMA, so for me on that time frame it is not more in an uptrend Often the price...

fxstudent299

As Market likes to trick people and after the break of 117.25-117.40 the only logical direction would be down, there might be the last trick to get the final weak shorts out before the final down move in the second half of the weak Similar to my EURJPY idea, I try a false breakout trade _______________________________ I did place a a limit buy order at 117.05,...

fxstudent299

Trading idea on 1h chart: Long EURPY – false breakout trade? Last time there was a false breakout trade, which might repeat again So I basically buy the last lower low after price falls below and comes back to that level and go for the last solid resistance, which is in the area 134.0-134.30 _______________________________ I did place a a limit buy order at...

fxstudent299

- USDJPY seems to be caught in a pretty clear range on 4h and 1h charts - resistance zone is between 118.60 and 118.90 - support zone is between 117.25 and 117.40 The daily chart has lower highs and price is mostly below 20EMA (on 1d chart), so I would prefer to short in that range, close but not reverse the position near support and in case price falls below...

fxstudent299

I took a short at 118.70, Risk-Reward = 6.5 SL@ 119.10 (-40), TP@ 116.10 (+260) ____________________________________ what if: a. BOJ does not pressure on Yen b. ECB gives more uncertainty the next day and stocks tank, then Yen could sour and USD should fall before Davos - from technical point of view a pretty easy trade as there is a false breakout over...

fxstudent299

Trading idea on 1h chart: Long EURUSD – kind of a Cup-and-Handle Formation - usually Cup-and-Handle Formation is a CONTINUATION formation (here not, so not a real one) - here it looks like one, but is against the major downtrend - more import here are 3 higher highs (buyers are taking control) and a clear resistance line at...

fxstudent299

Trading idea on 4h chart: Short USDJPY – looking for best short entry after NFP volatility - After last Friday’s volatility, which was positive for USD on the first glance, but ended to be negative for the USDJPY pair, I am looking to get short with the final target at about 116.00-116.20 - I like to rejoin the trend, which is down for me now (on 4h...

fxstudent299

Trading idea on 1h chart: Long GBPUSD - potential inverse Shoulder-Head-Shoulder Formation - neckline of potential SHS-Formation and resistance line at about the same level (1.5105-1.5115) - a move about it, would be for me a stop buy at 1.5120 - that move should happen ideally shortly after positive data on UK Trade Balance and UK Manufacturing Production m/m,...

fxstudent299

Trading idea on 1h chart: Long USDJPY - If we can go above 20EMA - during the period 30.12.2014-02.01.2015 a very similar setup was in place - most important part of it for the price is to stay for at least 3 hours above 20EMA, then to run up to the last resistance (at about 119.0-119.2) and thereafter move back to the level of the low before very last lowest...

fxstudent299

Even as daily and 4h chart are in a clear a downtrend, the current volatility and the great Risk-Reward-Numbers make this set-up really attractive for me to scale in here: - On 4h chart I use RSI(4,close), which gives good signals for overbought, oversold conditions and right now EURUSD is very oversold - area between 1.2240-1.2250 is a major support area, which...

fxstudent299

somehow, the resistance lines did not appear in the first chart, so trying to solve it by that one _________________________________________________________________________ Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may...

fxstudent299

- after the rejection on resistance line at 177.45 USDJPY fell to 116.25 and might consolidate in a siderange or move up to 117.00-117.15 in the Asia session - the opening in London should confirm the major direction which is on daily, 4h and 1h charts are all down, so ________________________________ 1. Setup - "Falling out of the box" USDJPY short @116,23...

fxstudent299

As Abe coalition secures big Japan election win and many traders got long before weekend in expectation of even more "Abenomics" (lower Yen), what happens if the first hours after election does not show "normal" result in JPYpairs??? Will they sell the late shorts into the market back? ________________________________________________ my trade-setup: go EURJPY...

fxstudent299

...got stoped out today, probably as many others due to the size of the pin bar, which could give the next trading setup ____________________________________________ Second try to get USDJPY long in the next days: USDJPY long idea: long @ 118.85, SL@117.75 (-110), PT 121.60 (+275), R:R=2,5 - on 1d chart still strong UP-Trend, with price finding support at...

fxstudent299

first entry, next reasons,

fxstudent299

Rejoin the major Uptrend in USDJPY on 4h chart: I will try to enter USDJPY long @119.65, SL 118.75 (-90), PT 121.60 (+195), (R:R=2.16) 1. Area between 119.53 (0.5 FibRetr) and 120.076 (0.618 Fib Retr) provides a lot of support, so maybe the price will not fall down to 119.65. If it does, great support between 119.50 and 118.95, so SL should be quite safe. 2. If...