patrickindubai

patrickindubai

This is a weak sell on h4 just trying to profit from bounce from resistance

patrickindubai

This is a weak move just trying to catch short price movements. Exit early if wrong and exit in tranches if correct, securing 50% at 1:0.8 RRR and the rest on 1:2 RRR

patrickindubai

Catching small price movements. In two targets, so I can exit at 1:1 if it's not continuing downtrend and move SL to entry once at 1:1

patrickindubai

This is a weak position. exit early if wrong, exit early if right at 1:1 RRR. If target 1 is reached, close half position and move SL to entry price

patrickindubai Updated 

Bought at support and oversold levels. Tight SL just below invalidation of set up. TP in tranches: 1:2 RRR 1:3 RRR ( Checking if the market respects the resistance)

patrickindubai

Bought at previous support planning to profit on bounce from support while targetting in tranches

patrickindubai Updated 

This is with respect to the downtrend on D1 being respected by an evening star

patrickindubai Updated 

Bearish Divergence both on MACD and RSI on area of previous resistance

patrickindubai

Long on 0.618 bounce. Stop loss at invalidation of set up below 0.7 level. Target in tranches: 1:2 RRR 1:2.75 on previous resistance 1:5 on break for possible trend following set up

patrickindubai Updated 

Market Structure: Uptrend w/ correction of price after Inflation news Area of Value: Bounce on trendline/support Entry: bullish candle after bounce Exit if Right: Tranches in TF. Wary on possible reversal in EMA200 Exit if Wrong: Break of Market Structure RRR: 1:2 Confluence: Weak USD due to inflation news. Plus, Gold will likely follow it's trend prior the news

patrickindubai Updated 

Market Structure: New Trend in the market Area of Value: Trendline Bounce Entry: Bullish Candle at bounce Exit if Right: Tranches in TP (watchout EMA50 Daily) Exit if Wrong: Break of market structure RRR: 1:2 Confluence: GBP is strong in fundamentals USD is week due to inflation Report

patrickindubai Updated 

Market Structure: Uptrend Area of Value: Bounce on trend line(ema50) Entry: Bullish candle after trend line Exit if Right: Tranches in TF Exit if Wrong: Below previous swing low. Invalidation of trend RRR: 1:2 Note: This is backed by fundamentals of a weak CAD due to employment change

patrickindubai

Market Structure: Uptrend Market Area of Value: Break of Resistance Entry: Bullish candle after resistance Exit if Right: 2 Tranches in TF Exit if Wrong: Below previous swing low. Break of structure RRR: 1:2

patrickindubai

Market Structure: Downtrend Market (H4, D1) Area of Value: Break of support Entry: Bearish candle breaking support Exit if Right: 2 tranches in TF. While changing SL Exit if Wrong: Above previous swing high. Once the structure is broken. RRR: 1:2

patrickindubai Updated 

Market Structure: Uptrend Area of Value: Breakout of Resistance Entry: Bullish candle on break out Exit if Right: Tranches can be trend following Exit if Wrong: 1 ATR below previous resistance that is now acting as support RRR: 1:2 Confluence: Break of EMA50 on H4 FX:GBPUSD

patrickindubai Updated 

Market Structure: Ranging Market Area of Value: Breakout of Resistance Entry: Bullish candle above cloud. All confluences Exit if Right: Tranches in previous swing highs Exit if Wrong: Below the cloud RRR: 1:2

patrickindubai Updated 

Market Structure: Uptrend Area of Value: Bounce from Trendline Entry: Bullish Candle on the trendline Exit if Right: Tranches in TF Exit if Wrong: Below previous swing low. Discontinuation of Trend. RRR: 1:2

patrickindubai

Market Structure: Uptrend Area of Value: Support and Trendline Entry: Bullish candle bounce Exit if Right: 2 tranches TF Exit if Wrong: Break of structure RRR: 1:2 Confluence: There is a weak dollar due to the inflation plus a strong EUR due to ECB's hawkish interest rate hike.