CAC40 / FRA40 Buy - Propulsion Trade
The CAC Trend is up since beginning March 2020. 4 days ago price hit 5800 and Price has pulled back to 5719 at strong weekly Support, is now beginning to move higher again. It is currently breaking above the 4hr 8ema and broken above the 15m Mas, moved to 5757 and now retesting 15m 8ema. You can trade this 2 ways. 1) Place a Buy stop at the top of today’s high at 5757 and place One TP - at Fib 161.8 level is 5892 and SP at 5651 or below the Support zone (RRR: 1.4/1) 2) Place a Buy stop at the top of today’s high at 5757 and place Two TPs - 1 at Fib 100 level at 5800 with same SL as above and second TP as above. When the first TP is hit, move the SL to the entry level. Remember to respect your risk and trade safe
Looking for Continuation of the Trend
Risk to reward ratio meant -126 pips to get +274 pips USDCAD is going with my prediction so far, looking to sell more on it with price action analysis plus ICT strategy... following trendline channel and no violation at all... Next target on USDCAD is 1.22500
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.
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!
CAC40 / FRA40 Buy - Propulsion Trade
Looking for Continuation of the Trend
USD/JPY - going short
XRP looking Bullish again
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Andrew Lockwood
X30+ years experienceStarted in the trading pits of London with some of the biggest traders in the world. Migrated to screen trading around 2005 now trades full time focusing on FX, Indices, commodities.
Max Norbury
X10+ years experienceMax is a diligent and pro-active individual with a wealth of experience in technical and fundamental analysis, high-probability trading and mentoring within the financial markets. He has also has a variety of non-accredited analytical certifications.
Mark Bennell
X15+ years experienceCertified Financial Technician (CFTe), Diploma of Technical Analysis, Diploma of Share Trading and Investment. 14+ yrs trading experience. Focus on the process and the money will follow.
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