Position will be opened upon market opening.
When take profit 1 is hit we more our stop losses to our entry on remaining positions or stop loss to/past entry if only 1 position is entered. I will be entering 2 positions on this trade both at 1.00 lot size
Looking for a rejection on the resistance level before entering a sell, as there is potential for XAU USD to break through the resistance level.
Gold touched the lows of January early in the week but has bounced back and is now at the best levels since last Friday.
The rebound underscores the $1275-$1300 range that's characterized gold for the past three weeks....
EURUSD Sell signal. First take profit level taken, the downside momentum on this pair is still strong, thus making this trade low risk. If the trade was entered when we entered, the chance of loss would have been eliminated as our stop losses are past entry points now.
Following on from the chart patterns and a decreasing RSI strength this should be a strong sell. The New Zealand Dollar is now showing us increasing weakness, which supports the analysis on this currency group.
TP levels are shown within the chart, once take profit 1 is reached on this pair I would recommend moving your stop loss to your entry point or passed it...
Buy swing trade on EURO / JAPANESE YEN. Trade already running in profit. Strong RSI using Day time frame, with a risk reward ratio of 2.5 . Chart made more simple for less experienced traders.
The take profit levels set for my trades on this pair are as follows:
TP1-0.9643
TP2-0.9666
TP3-0.96795
Stop loss around the 0.9585 area
The analysis on this pair has been simplified so that any user new or experienced is able to copy.
USDJPY signal our first TP level was hit at 113.109
our stop losses are either at 112.264 or past entry to secure profit for our final targets.
RSI is still strong so we are aiming for take profit levels of: TP2- 113.358 and TP3- 113.621
DAX 30 short trade.
This trade has been won, there is a possibilty that you can still enter as downside momentum seems to remain. I wont be re-entering as its best to not be greedy with your profits and i am happy with this swing trade
