I’m looking to short NZDUSD @ 16:00 eastern IF the present bar holds as an Engulfing Bearish Candle. Stop Loss will be 50 pips above the present high.
See chart below.
Entry : 0.xxxx
SL : 0.6180
TP1 : 0.5800
TP2 : 0.5400
Entry : 0.6050
SL : 0.6180
TP1 : 0.5800
TP2 : 0.5400
Updates will follow.
After a few days of slow market movement NZDUSD finally hit TP1 @ 0.5800. Stop Loss for TP2 is now place above the last high @ 0.6040. I might close out the 2nd order soon because of NFP later today.
I’m looking to short the usdchf if the daily bar close as an Engulfing bearish candle. Its at a down trend line, Fib. 78.6 and also past S now R. See pics below.
I didnt get in usdchf because the daily candle didnt close as anticipated.
The eurusd break out of a flag/pennant, it retests and now looking to continue to the downside so I went short.
Entry:1.2701 - Close of last 4H bar
Stop Loss: 1.2904 (50 pips above the previous high)
First lot will be closed at 1.2399 2nd @ 1.2192
Pic post below.
After consolidating for the last couple a days eurusd made a spike today after the news then return to the downside. I manually close my first lot at 1.2485. The second lot is left to run to my initial target.
Thanks for sharing these trade ideas with us.
I will be entering short @ 23:00 eastern if the present 4H bar holds as an engulfing bearish candle. The overall trend is down, fib. 38.2 retracement and also past S now R. Stop Loss will be placed above the previous high.
See chart below. Audusd and usdjpy also has similar formation.
I didnt get in this trade last night because I didnt like how the bar close with a long wick. It rallied and is now testing a past support at a trend line. I will be entering after the close of the present candle which has formed an evening star on the 4H time frame.
See chart below.
Entry: 80.28
SL: 82.06
TP1: 77.72
TP2: xx.xx
TP1 manually close @ 78.20(200 pip gain), stop is now move to break-even.
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.
Unfortunately I got stopped out of this trade.
Stop now move to 78.12(above the previous high on 4H) to lock in profits. Target for TP2 is set at 74.00.
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.
I will be back next year(January) with more trade ideas, I’m off for the holidays.
Happy Holidays…
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.
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
TP1 close at .6570 for +150 pips.