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8 EMA Daily gap close
Everything seems to be lining up nicely. Just waiting on another 2 one hour candles and indicators to come on side. Tp just above daily 8 ema
USDHUF - SELL
Afternoon team, 1st ever trade idea submitted to the forum so nervous as hell, please be aware i am still in training so looking for feedback more then anything. Feel free to rip this to pieces but if you're gonna do that, please be constructive about it. USDHUF seems to be in a downward trend confirmed on 1HR, 4HR & Daily. Broken through my S&D zone on the hourly and a retest is currently in progress on the S&D as well the 200EMA and my trend line. Feeling confident the downtrend is going to carry on and return to the previous levels we saw back at the start of September (298.000ish). 200EMA recently tested on the daily as well & seems to be carrying on. What im not happy with is the fact the chart is above the 200EMA on the 4 hourly but thats most likely my lack of experience. Awaiting sniper criteria to be met on at least 2 of the 3 time frames before proceeding as well as evidence that the trend will continue. If hourly criteria isnt by end of play today then the only option is to reassess the situation. Risk to reward is around 1.49 if entered at 300.520, SL set to 302.718 & TP 298.346. Whats your thoughts on this?
- sniper criteria onside on the 1h and 4h - weekly gap closed last week so looking for continuation to the down side - retest and rejection of the daily 50ema -bcr of the 4h 50 & 200 ema
Daily gap close
Criteria to enter the trade: 4H break and close above 8ema 1H break, close and retest of 50ema with bullish continuation Take long to the daily 8EMA. Stop loss below retest.
A- Weekly & Daily bullish momentum. B- Broke and Closed above the 200 on the daily C- USD is showing strength with strong bullish momentum in lower time frames. 1- Broke the 4H anchor of the 310.101 level. 2- Broke & closed the 4H 200EMA . 3-EMA's fanned nicely to the upside on the 1H-4H 4- Broke the 40-60 box with a minor pullback on the 4H 200EMA. A sign of bullish momentum strength. 5- Strong bullish momentum coming in play. Entry: It broke a major S/R on the 4H of the 316.403 level, and pulled back below it, for entry I will wait for it to break out that level and retest above it. my Idea entry would be around 317.255 level. TP1: 319.298 TP2: 322.733 SL: 312.306 This is my point of view, please do your own analysis & Trade Safe! #DontFollowBlindly
TIP AND RUN STRATEGY Criteria = BCR of Supply and Demand or any obvious patterns (eg triangles, wedges etc) PAIR : USDHUF SHORT ENTRY: 302.192 STOP : 307.045 (ABOVE S and D ) TP : 294.960 (previous S and D) BCR of Supply and Demand SET AND FORGET * EXIT = TP HIT or STOP HIT
Target: Daily 8 EMA gap close. Reason: BC on 4H 8 EMA Entry: Wait for BCR on 1H 50 EMA Good luck!
$USDHUF in the buy zone
Buy USD/HUF D1 tested broken strong resistance level and closed above 8EMA H1 BCR above 50EMA - Targeting Daily High
Trend Continuation: Entry criteria met on H1
Look to buy USDHUF as it is bullish and as per rules of my strategy this should move up some time today. Target and stop loss as indicated and look to go to break even once in profit. Good luck and happytarding
USDCHF SELL NOW SL 1.02050
Breaking through lower uptrend line to the downside. SL daily candle close above 263.667 tp 253.37