Unfortunately my stop has been hit on this trade for a loss of 100pips.
Since my entry the market has been consolidation, today we get a small run to the downside an opportunity to lock in some pips. I close half my position at 76.93 to lock in 130pips.
The rest of my trade holding on this pair close out this week at B/E.
Possible bearish Gartley on this pair. A convergence of fib. retracement 61.8 and fib. extension 127 just below a bearish TL. I will be looking to short this pair in the coming week.
See chart below.
Entry: 1.7189
SL: 1.7439
TP1: 1.6705
TP2: 1.6462
I got stop out of this trade for a loss of 240 pips. I re-enter short from the 1H time frame after the tweezer top formation.
Entry: 1.7437
SL: 1.7507
TP1: 1.7133
TP2: x.xxxx
My first target has been hit for a 300pips gain. The stop on my initial entry could be a little higher which wouldnt have hit, but I re-enter because i was almost sure that the Gartley would prevail and it did. TP2 is set at 1.6420.
The daily chart is showing an evening star just below a downtrend trendline which signal a short entry base on the system i trade. That level is also at fib. 78.6 retracement of the last swing. Theres also a counter up trendline that the the market has breaks below and is now retesting. My entry is from the 1H after the retest of the broken trendline.
Entry: 1.4505
SL: 1.4616
TP1: 1.4296
TP2: x.xxxx
See charts below.
TP2 manually close at 1.6653 for 700+pips. This was a nice one, over 1000pips gain.
This was another good trade, TP1 hit for 200pips.
TP2 stopped out at b/e. I would have close this entry manually but I was having power problems.
I like both the gbpusd and gbpchf going short. Both have retrace and now showing reversal formations in the sell zone below the up trend line they previous break. Both entries are after the close of the last 4H bearish engulfing candle.
Theres a G7 meeting on this weekend so you might want to consider not to carry any trades because this can affect the markets.
GBPUSD
Entry: 1.4430
SL: 1.4631
TP1: 1.4167
TP2: 1.3729
GBPCHF
Entry: 1.6716
SL: 1.6971
TP1: 1.6306
TP2: 1.5893
See charts below.
The gaps over the weekend were in favour of my last two trades(gbpusd and gbpchf-short).
Gbpusd reached TP1 at 1.4167 for a gain 250+pips.
This pair breaks out of a pennant and now testing the downtrend line in the sell zone. It also retrace to 61.8 from the last swing. The thick white line below is the outer trendline which “should” be the next bounce. I went short after the last 4H bar.
Entry: 1.2554
SL: 1.2654
TP: 1.2246
See chart below.
nice trade
Thanks
My stop on the trade was hit earlier today for a loss of -100pips.
This pair has retrace to a down trendline from the daily TF. I went short after the close of the last 4H bar.
Entry: 94.01
SL: 94.72
TP1: 92.40
TP2: 89.94
See chart below.
This trade moves as much as 200pips positive before retracing to my entry, I manually close this trade for a loss of -50+pips loss.
TP2 close at b/e.
After my entry there was a nice bear run pushing the market to 92.50 10pips above TP1. TP1 close manually for r/r 1:2, 140pips. Stop hit for TP2 today for -70pips loss.