EURJPY - SHORT - November 19, 2020 | propulsion trade - strong yen, weak euro

VishnuVg8 days ago

EURJPY

SHORT

3 0

Propulsion Trade - Strong Yen, Weak Euro

Propulsion Trade Yen is looking strong Euro is looking Weak The levels both the 0% as well as 50% levels looks decent enough to me Moving averages nicely fanned out downwards on the 1h and the 4h slowly fanning downwards as well. A little more than a 2xATR pullback Decent RR, a 71 pip Tp and a 42 pip SL Looks great to me, should be able to get in on this fairly soon, confident on this, the trade was just chosen based on the levels which looked good to me. Do not trade blindly if it doesn't meet your trading strategy/rules. Comments/suggestions/criticism welcome.

ZARS7 hours ago

USDCHF

LONG

4 6

usdchf buy

We have a similar setup with USDCHF. these pair s about to test a strong support zone, forming an double bottom reversal as we expect it to play out.. wait for another strong rejection before entering long. trade safe

ForexBroRimsi8 hours ago

XRPUSD

LONG

3 3

Long in Cryptocurrency Mr.Ripple (XRPUSD)

Hi Lovely Traders! Here is my Ripple trade idea for today... Pros: + Regular Divergence seems to have been played out. + Ripple seems to have respected the S/D level around 0.45 level. Bounced up from that point. + Max Norbury is also suggesting a potential Buy Trade on Ripple, check his Idea as well! Based on Moving Averages. + Sentiment, everyone is discussing Cryptocurrency, and what I know for sure, is that Ripple has crossed many minds during it life and that together with Bitcoin being stuck between 1600-2000, might attract some new people to Ripple. Ripple is kind of still not marked as "you missed the train" as Bitcoin is. + Besides heavy buyers hitting and heavy sellers "previous buyers taking profit" it seems to have a small ongoing uptrend. Maybe it waking up again? xD Cons: - I am not a Crypto Expert, I do not know the correlations with crypto, between them and with other instruments. - Its extremely Volatile, huge losses could be a fact. - The Spread is really bad. Please check both bid/ask line before purchase. For example, if you buy at a bad moment, it could easily put you in -48usd loss without the Ripple barely moving...not so nice. Rather try to catch it with some momentum in your direction and you will overcome the gap between ask/bid level quickly! =) Good Luck, have fun, and Ripple with Caution!