GBPJPY - LONG - January 12, 2021 | buying opportunity on gj taking advantage of 4hr gap. long limit order.

nanoppp96 days ago

GBPJPY

LONG

0 5

Buying opportunity on GJ taking advantage of 4Hr Gap. LONG LIMIT ORDER.

GJ has broken triple-top resistance to the upside, confirming bullish POLR, targeting previous highs at 142.681. Drawing the fib levels from previous lows, we've got a 1.618 target at 143.083. Previous low is too far for a good r-r, so I'm betting for the 4Hr 8EMA gap to be filled, targeting the 50% level of previous swing. 4Hr 8EMA coincides with now support zone and 50% retracement from previous swing, so if this triggers, I would be happy. If it doesn't I would be happy anyways but without this trade. - SL is below 4Hr anchor. - 75% TP 1 is previous high at 142.681 for a 1 to 1.5 r-r. - 25% TP 2 is at 1.618 fib level at 143.083 for a 1 to 2 r-r. * This is for educational purposes, all comments are welcome. Please take this only if it fits your strategy and rules, don't follow blindly.

Stuartjohnston8157 minutes ago

USDJPY

SHORT

3 0

USD/JPY - going short

This is just another example of the previous trading idea I posted on Friday; Using Max's sniper system. I adapted the system by using channels/wedges to help determine trend and entry points. This also helped to determine stop loss and more realistic targets by using the wedge support/resistance lines as my stop loss and targets.

Fadi Nassar1 days ago

XRPUSD

LONG

2 1

XRP looking Bullish again

This is a Channel Break-out Strategy, Price currently broke out of the Descending channel to the upside, wait for a Bullish confirmation before entering a Buy. As you can see Price had dropped and Bounced off a strong support at the 200sma on 1 hour time frame which happened to also be the 50% of the Fibonacci Retracement Level. I usually apply my Trend-Based Fibonacci Tools on the Channel Break-out (seen here with the Purple color) I usually base my TP1 at the 100% Fib Ext Level and TP2 at the 161.80% fib ext level. IF price continue it's climb TP1 RRR will be 4.34:1 and TP2 at 6.33:1 PLEASE NOTE I DO NOT TRADE XRP, I BUY TO INVEST AND HOLD ALL MY CRYPTOS IN COLD WALLETS 🚫🚫🚫⚠⚠DISCLAIMER: ⚠⚠🚫🚫🚫 This is my personal view of this Chart; it does not provide any Signal advise! It is strictly for educational purposes only! You can use the information for your own trading plan. So Please do your own research and analysis and use this information appropriately. Trading is very speculative and risky and carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. Personal Free Advice: You Should NEVER borrow any money to invest, you should NEVER use money intended to feed your Family, Pay for School tuition or Pay for Bills for the purpose of investing in Forex Markets! Hit the Like button if you agree with my idea!

ppavlov2 days ago

Other

LONG

2 5

Crypto challenge , trade#1

Hey guys, I finally decided to start a challenge in which I aim for 100% on my account , trading only crypto. I will risk 2% on each trade, with a different exit strategy. Here we have decentralized (mana/usdt) . which was in a equilibrium zone after a strong bullish trend. Finally the price broke the S/D zone and successfully retested it. My entry was on the 1h timeframe, after a doji and a strong bullish candle to the upside. Sniper criteria on side on all timeframes. 1st target profit is 1,50 , which is a round psychological level, after which I will close half of the trade and leave the rest to run, with my stop loss moved to breakeven. The 2nd half of the trade will be closed after a bearish crossover of the 8EMA and 21EMA on the 4H timeframe. Lets see if the challenge will be successfull.

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Buying opportunity on GJ taking advantage of 4Hr Gap. LONG LIMIT ORDER.