Trade Idea

[cadarkitek]

Entry: 80.28
SL: 82.06
TP1: 77.72
TP2: xx.xx

[cadarkitek]

TP1 manually close @ 78.20(200 pip gain), stop is now move to break-even.

[cadarkitek]

This is setting up for a possible crown formation. Theres a break of the up trend line and now a retest. I've entered short at the right tip. Its likely it will move to the downside in the coming week.
Entry : 1.2381
Stop Loss : 1.2515
TP1 : 1.2129
TP2 : x.xxxx

Chart Posted below.

[cadarkitek]

Unfortunately I got stopped out of this trade.

[cadarkitek]

Stop now move to 78.12(above the previous high on 4H) to lock in profits. Target for TP2 is set at 74.00.

[cadarkitek]

A few good moves in the markets today, I manually close chfjpy at 75.25, over 450pips gained for TP2.
TP1 close at 78.20 for 200+pips
TP2 close at 75.25 for 450+pips
Total 650+pips.

[cadarkitek]

I will be back next year(January) with more trade ideas, I'm off for the holidays.
Happy Holidays..............

[cadarkitek]

Originally Posted by cadarkitek

I didnt get in usdchf because the daily candle didnt close as anticipated.

I had to break my "trade holiday" to enter this pair, because it has fallen into the trap that I had set for it. After waiting on a CF from the inner trendline shown in an earlier post, the market breaks the inner then goes to the outer TL on the weekly chart forming an evening star, which validates my entry. TP1 already closed at 1.1259 for 450pips. Entry shown below.

[cadarkitek]

Short on audusd after the break of the small up trendline and the retest. Entry is placed after the close of the engulfing bearish candle formation.
See chart below.

Entry: .6732
Sl: .6836
TP1: .6529
TP2: .6331

[cadarkitek]

TP1 close at .6570 for +150 pips.