Patiencepays
USOIL SHORT UPDATE4hr set up got clapped
saw that price was reaching for that last up candle before the down move (in the purple box) that left imbalance
marked up the open and the 50% of that candle and market executed at around 54.75-54.70
oil can be very volatile sometimes & this set up happened very quickly but I was quicker #pewpew
when you get clapped don't worry just clap back :)
my SL is at BE
currently letting Gbpusd, audcad, eurcad, oil, and eurchf play out I won't be entering any more trades for today
all trades except eurchf are currently running risk free #gang
NZDCAD Swing Trade Idea (LONG)NZD/CAD
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This past week, price experienced a heavy move into weekly and monthly demand. Since then, price has kept moving up. I see a reversal in trend and thus this bullish trend is definitely starting
Additionally, a Head and Shoulders pattern has been successfully formed and this gives us insight on how strong the move will be.
Note that this is a daily move so this move can carry us to the rest of the year.
A pullback to the previous swap zone should be enough for us to enter the trade.
R:R 1:8
SL ~40 pips
TP ~320 pips
This should be good because we are expecting CAD weakness in the coming months as well.
Take care beloved! Until next time.
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AUDNZD Buy to sellI happen to notice a downward trend forming, particularly on the 2 hour time frame was easy to notice. I drew two trend lines, and saw price had bounced off the bottom trend line. Therefore I may have waited for a sell from the top. However, I did notice price start to retrace back down. But came close to the bottom portion of the trend once again and went for a buy. As price started to go up, i drew the fib from the new low, to the previous high. Now I have a take profit area, matching the upper trend line with the fib tool. And from there will proceed to look for a sell set up.