If you blend the last 3 candles from your candles setup, it is a doji. Just look at the 1st candle open then the 3rd candle close and everything else is the wick.
See this 2BR (right?) on USDDKK. (Daily Chart).
Class B or A+ (tradeable? Long)
Another 2BR on EUR/USD Daily Chart.
If it is Monday morning everything ok i think i go short.
My take , first is the end of the week , i don’t take new orders because of my style of trading. How ever depending on your strategy and your style of trading , one needs to take notice. right now this trade is at a highly traffic area, its up on the upper end reaching the resistance area and the week is about to close, be aware .
Ok at the end of the day these were bad setups.
No realy 2BR and long wicks on the Candle on the wrong side.
Hart to find these thinks you called A+ Setups
Have a look at this EUR/GBP weekly chart. I’ve placed a sell stop order just under the 4 weeks’ low. I think if the price breaks that low, the TP target can be at least 0.7000 or lower. So, that the 1 : 2 risk reward ratio seems to be achievable.
Good trading fellow traders.
I think this 1 hour chart looks promising. The trend is obviously bullish, and a TP target placed @ 80.50 may be easily achievable.
All the best fellow traders.
I’ve just entered short on EUR/JPY weekly chart after the price breached the 4 weeks’ low for the second time during this trading day. My TP target is @ 129.00 and the risk/reward ratio is approximately 1 : 3
Best of luck.
So Vorrei when do you think your T/P will trigger.??
Pending orders can be triggered, while take profit targets can be reached. Reaching the TP in this instance may take a while, but technically it seems to be feasible. - You could have asked the same question regarding my post #21065 because my thinking and reasoning would have been very similar. In that post the TP target was reached in a reasonable time, although I used the weekly chart there too.
EUR/CAD 1 H chart may offer generous risk/reward ratio for us traders. I’ve entered long at 1.4083 SL is @ 1.4072 and TP target is @ 1.4150 I think R/R ratio of 1 : 6 might be achievable. That would be fantastic.
Happy trading. God bless.
What was the reason for entering this trade? Is there a strong support level there?
guys
Johnathon s site still running?
tried to contact him few time and no answer
The above mentioned EUR/CAD 1 H trade was a real success that brought in the 1 : 6 Risk/Reward. There was no obvious strong support level there. We could see 3 impulsive bearish candlesticks on the chart and a big gap between the actual price and the 20 EMA. When this happens at some point the price tends to make a correctional move in the other direction and approaches the 20 EMA. You might ask what is behind this type of move? Well, the price fell approximately 120 pips in just 3 hours. I think traders were happy with the result and decided to close their short positions and cash in. Consequently the price changed its direction, and a correctional move occurred.
We can see a double rejection candle off the support zone on NZD/USD 1 hour chart. I’ve entered short @ 0.6635, SL 0.6675 & TP 0.6590 . My trailing stop will kick in when I am 30 pips in profit. Let’s see how this trade works out.
All the best fellow traders.
EUR news so strong , so wait monday opening.
Hello all! Joining this thread a few years late but have learned immensely from everyone sharing their PA analysis process and charts especially from Johno and other FSO folks on here! Have learned a lot more than what I could have read in a book.
Came across a few B+ set ups this week, but still waiting on those A+ ones to pull the trigger.
Will post a few charts in the next few days to show the levels that I am looking at for PA and how I expect the price to go.
hey guys …
great to see this kind of PA Threads at babypips…
i will also follow it and if i have time to i will post some pics as well…
nice thread
keep on piping