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RISK 1:13 REWARD!!! NZDCHF LONGRISK 1:13 REWARD!!! What is my entry criteria for a NZDCHF LONG? Reason: Met my rules to confirm a Bullish Trend. This is my final chance entry to get long on this pair, with a high Reward to Risk this may not play out but overall it is a profitable strategy that I will continue to implement. Confluence: RSI We are not quite oversold on the daily as we are at 21 so its still low Major level of now structure and support, looking left we can see multiple tests Bullish Divergence on the 240 chart Entry: Double Bottom completion on the 60 chart Stops: Tight ATR below the low previous test, as we could just blow right through this stop and continue lower and breach my bullish trend rules (Hence the final chance entry) Targets: Target 1: High of the previous close Target 2: Depending how we get to target 1 if we get to target 1, I will either trail based on structure if there is enough volume and momentum or cut the trade. Long way to go before this happens – if this happens As always good luck in the markets, TradeEasy.
Long
by TradeEasy_Today
LTCUSD Elliot Wave TheoryGreetings traders! Some have viewed this as an Inverse Head and Shoulders series, however I have taken a more appropriate view. The Elliot Wave theory with an a-b-c correction indicates a strong, bullish movement to the upper resistance level. The price has also once again retested the 200 EMA, fuelling the bulls. The price seems to be in a three-drive pattern leaning towards the upwards momentum as well. For more, feel free to follow me and checkout my other ideas as well. Wish you all a great trading week, Good luck!
COINBASE:LTCUSDLong
by UnknownUnicorn4565572
4
What is my entry criteria for a AUDUSD LONG?What is my entry criteria for a AUDUSD LONG? Reason: We have broken previous structure indicating a possible reversal in the bearish trend We have already completed a three point move that broke the previous bearish structure. This is my final entry for going long on this pair hence the tight stop as it is possible we could be in a complex pull back and continue lower Confluence: (Use callout on the fave tool bar to make note and point) RSI is not currently oversold but is hovering around 27 Double bottom was my entry for the long 10EMA is above the 50 on the daily Entry: Market order Stops: 1 ATR below the low of the double bottom Giving us a nice risk reward of 2.8 Targets: Target 1: H4 Highest candle close Target 2: Trail based on structure if we continue higher As always good luck in the markets, TradeEasy.
Long
by TradeEasy_Today