Trade Idea

Entry after the test of the broken counter down trend line. Stop @ .9060, target @ the 161.8


Enjoying the ride? :smiley:

This pair is now at the bottom of a range shown on the daily chart, its possible we might see a rally, look for long entries on smaller time frames. 1H already making higher highs and higher lows.


Entry after morning star formation, stop at the the 618 target at 161.8.


Target reach after holding for a couple days, I will now hold 25% of my entry targeting 138.00, also I will be looking for other entries to add to my position on the way up.


4H chart showing an H&S at resistance. We might see a bearish pull back to test previous lows.Daily chart already created a high at the test of resistance. Looking for a high on 4H chart or bearish candle formation to enter short.


The jobs report for both US & CAD were in favor of our bearish H&S entry. The market still has steam to go lower, this is a good level to exit/partially exit and target a lower low.


Daily chart showing an inverse H&S, waiting on a reversal candle formation or a low to form at the right tip to pick an entry.


The daily chart showing a H&S, waiting for a bullish reversal formation or a low at the right tip on the daily chart to pick an entry.


Daily chart showing a possible start of another another down swing to the complete the wave. Entry taken on 4H after the retrace. Stop above the previous high, target 83.50.



Entry at the right tip of the bullish H&S formation on the 4H. Stop at the previous low, target 9300.


Stopped out. Daily chart showing a reverse seen thats its now making lower lows and lower highs.

thank you for posting :slight_smile:

No problem.
HAPPY HOLIDAYS ALL.
My vacation starts on Monday see you all in January.

Nice Post…we can easily understand all thing through chart view.:o
articlesbase.com/currency-trading-articles/metatrader-brokers-how-to-get-cashback-from-forex-trading-1575375.html

Daily chart showing reversal candle formation at support. Long entry taken on 4H chart. Stop place at the previous low, targeting the 127 fibs.



Interesting Damion - trading against the trend i.e. you haven’t got a bullish trendline to reference against. Change of style?

PA wise, GU is reversing!
might tank and might not
was a good trade call

No bullish trend line but the bearish trendline was broken and the market is now testing at support. This trade was taken base on support.


Welcome back Mike:rolleyes: