Continuation Sell SetupReward/Risk: 2/1
Entry: 1.6784 or at a higher price
Stop: 1.6960
Target: 1.6440
Forexalerts
Forex Signal and Analysis on GBP/AUDI looked at this yesterday and shared it with the DT Academy students, I decided to share this with you all. After the break-in structure from the upside, liquidity was hunted lower and there is now a break in a market structure that makes it viable to enter the trade once our requirements are met.
Since liquidity has been cleared we wait for the price to go up, but we're actually riding it to the upside once it returns back to the 5 minutes order block. That will be a retracement we should take the trade from. The 5 minutes order block on this GBP/AUD is in line with the 79% Fib level so we wait for the price to give us what we want then we're definitely good to go.
EURCAD sell in play ↘️✅Hello traders.
Our strategy has started to present trades on our charts as the London session gets going.
Here we are working the EURCAD pair on the 30M time frame with just below a 1:3 risk to reward ratio.
I don't recommend jumping on random TradingView ideas as this is no way of knowing if you are trading with a prove n EDGE.
Our strategy allows us as traders to know that we are trading with a proven EDGE due to the built in strategy tester.
The way I have this pair set up I know over the last year this pair has returned 98% ROI risking 1% a trade.
The built in strategy shows me other stats like win rate and journals every trade taken which a must in trading.
All of that data can be found at the foot of this idea.
Our strategy is a trend based strategy which sits in your TradingView charts.
We simply set the strategy to how we want to trade back test the method if profitable and then we simple follow the alerts when they present.
The strategy works on all instruments and time frames. Entering the markets with a proven EDGE removes all anxiety and fears that trading can create.
This simply a mechanical way of trading removing the need to be at the charts all day everyday.
For more info on the strategy and methods we use feel free to drop me a message.
EURGBP long now valid ↗️✅Afternoon Traders.
Our strategy has alerted us to a long trade on EURGBP .
Working the same strategy as this mornings posted idea which was a short that hit take profit target.
We know have a long trade in progress on the same pair.
We know this strategy is profitable on this pair and have the back tested data at the foot of the idea to prove it.
I don't recommend jumping on random TradingView ideas as this is no way to trade with knowing if consistent results are being achieved.
If you as trader are looking for a proven edge in the markets then drop me a message for information on the strategy and methods in use.
We meet againLast week I attempted to short the usd/mxn and it didn't work out to say the least. This week I am back for more. The trend is still bearish and we are still below the midpoint of the range (rectangle). Selling here or higher with a stop above todays high at 20.4000. Hopefully the spike up marked the top and there will be continuation to the downside over the coming days and weeks. Ideally I would love to see the pair revisit the lows near 19.5000
Sell Signal: 1.9023Range reversal trade to the downside looking for price to head back down to range lows at 1.8523. Stop at 1.9240.
Rate of change (22 days) is starting to turn negative and my bet is that risk on currencies like NZD remain strong especially in pro inflation environments.
GBP/CAD setup for market open. We're dealing with a bearish divergence and a resistance level. I'm going short once it completes the triangle (a reversal pattern)
Range reversal setupDecent risk/reward play to the upside. Trendline break + rate of change divergence. No opinions on the euro fundamentally but I feel like the CHF is overvalued in a post vaccine world. That opinion means nothing for this trade other than the potential for a move even beyond the high end of the range (rectangle) if the trade ends up working
LONG OPPORTUNITY IN AUD/JPYReasons-
1) Weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Inverse head & shoulders decisively changed the market structure from lower low to higher lows and highs.
3) On faster timeframes, price taking support on previous resistance actint as support showing conviction of the market participants.
4) Successful break & restest of trendline on H4.
5) Buying with small risk and big profit potential.
Kindly trade at your own risk.
Good Luck 😃
LONG OPPORTUNITY IN NZD/CADReasons-
1) Monthly, weekly & daily trend is up as per 200 ema and ichimoku cloud.
2) Decisive break of monthly upper trendline.
3) Higher highs and lows on the daily.
4) Previous resistance acting as support showing conviction of the market participants.
5) Small stop and bigger possible targets.
Kindly trade at your own risk.
Good Luck 😃
What a clean trade This pair broke beautifully out of this setup
Next candle retested and succeeded, giving safer entry point
Broke to upside hit resistance, like most FX trades do, they swing back and take stops that have been moved to trailing stops
Then they accelerate upwards again!
Looking for more clean setups right now...
If you are in this trade, my take profits would be the levels highlighted by the darker blue dashed lines
