NZDJPY INTRADAY SHORT BASED ON A 1W8EMA GC
The NZDJPY provides us with e decent Intraday Short/Sell idea which is complimented by a number of technical and fundamental factors. First of all, we have a 1w8ema gap present that I use only for added confluence to the trading idea, my bias doesn't solely rely on the 1w8ema extension. The Currency Indices also suggest a potential RISK SHIFT, there a number of 1w8s, most of them SOUTH for the RISK-ON currencies and NORTH for the RISK-OFF currencies. Anyway, the criteria I will be looking for in order to get involved in the NJ Short are the following: 4h: the 4h is trading below its 8ema already, there is an 8ema gap, which I want to see the close of, either through time or price, either way I won't be considering getting involved in the trade before the close of the gap 15m: the 4h8ema is just above the 15m50, so if the gaps gets closed i will be looking at another full BCR of the intraday S&D level implemented in the chart + the full 3-candle convincing continuation NOTE 1: If these criteria are met then and !!!ONLY THEN!! i will be executing this trade! NOTE 2: Always remember to RISK ACCORDINGLY and DO NOT OVEREXPOSE! Please do conduct your own form of analysis and #DONTFOLLOWBLINDLY! I am open to hear any of your thoughts/concerns regarding this trading idea, so please feel free to comment down! Trade safe guys!
Propulsion Strategy, trend continuation USD/JPY Long
- Propulsion Strategy, trend continuation - Wait for P/A to show bullish rejection of important historical level on 5M, 15M - Major area of structural support/resistance - on the 15M now making a series of lower lows and higher highs (excluding volatility spike) so nearly there - 50% retracement zone - Good R:R The above is only a series of probabilities lining up for a possible trade. At the end of the day the market will do what it wants to do. Trade Idea to be taken on demo only Don't follow blindly, do your own analysis Good Luck! Entry 108.950 SL 108.200 TP 111.500
USDCHF Naked 4H Engulfer
USDCHF 4H engulfing candle bouncing off the daily support level of 0.9190
trade what you see not what you think .... just risk accordingly!
well well well... 5 min BCR of upper limit as listed 20 minutes ago! (I was sort of hoping this didn't happen) 🤣 however ive got to trade what I see not what I think .. due to the trade idea I have gone down to 5 min 15 min and 1hr triple time frame confirmation sniper system all BCRS completed 0.5% risk allocation GL!
NZDJPY INTRADAY SHORT BASED ON A 1W8EMA GC
Propulsion Strategy, trend continuation USD/JPY Long
USDCHF Naked 4H Engulfer
trade what you see not what you think .... just risk accordingly!
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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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