Account Start: 25,000 Time Taken: 3:00 PM (Asian Session) Risk 2% R/R: 1:3 Entry: 1998.01 Target: 2010.1 Confluence: 1. Choch = Change in character for bullish development 2. 3 Rejection at discount Zone 3. HL Retest From Choch Trade Overview: Trade was taken out of HL low respecting Change of character (Choch+). Action: 1. Trade is taken with a 1:3 Risk to...
Short side is seen as M top was formed during new york session. Since london session didn't get any action. 0.74000 level is seen as a discrepancy level where traders are looking for as a target. while most traders are induced into thinking longs for a retracement retest is given. We may see price continue lower.
long position in place after sell off was invalid. will push higher for the 61.8 retracement
Shorting the break and retest to the down side. Target zone is 1:1
Gbpjpy long 1 hour close 15 minute retest candle pull backs to previous zone is expected. 1% risk OF 100K 10 LOT 2 POSITIONS
- 3 wave elliot finished 4Hr timeframe - 3 wave elliot finished on 8hr timeframe/Daily - Double top formed - Still waiting for a neckline break and retest to enter a second position - Monday-Tuesday-Wednesday rise - Expecting a Midweek reversal - Wick right below the previous daily and 8HR high - Daily Printed a (doji) - 8HR printed (Spinning top ) - 4Hr candle...
78.6 RETRACEMENT LEVEL 1 HOUR MA BREAK RETEST SUPPORT AND TRENDLINE 3 LEVEL Retracement fullfilled broken structure with new high
Short the rejection
Key level Triple top News (Mostly Hawkish CAD News) Correlation Pair lines up USDCAD 3 Levels successful in completion ABCD retracement
AT MAJOR KEY LEVEL TRIPLE TOP MA CROSSOVER RISK TO REWARD 1:5 REJECTION AT 1.36237