Shortposition
GBPUSD - Short Position, R:R 1:5GBPUSD - Short Position, R:R 1:5. I am taking a short trade on GBPUSD after price has shown rejection on lower timeframes (15M & 1H) and is respecting the descending trend line. My target is the next key level at 1.21700 which gives me a great R:R of 1:5. When applying the Fibonacci Retracement tool, price is also showing rejection at the 61.8% level which gives me a strong indication that price will soon drop to the downside.
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41.
I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short.
Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair.
Please let me know your guys thoughts!
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
USOIL SHORTI'm expecting a decent price action in this area and the pair will likely go for short. Let's see how the price reacts here and then booooom!
SHORT Bitcoin dump to confirm new highlow?If Bitcoin is going to the MOON, it's going to need a new highlow which is currently at $6454.
Will this dump confirm or will BITBAY:BTCUSD fall to $300s?
My current target for new highlow is $6767, plus or minus $100
Shorted from $7200 and setup selloffs from $6825 and down!
WINTER IS COMING FOR EURUSDYo traders !
There might be a nice opportunity on EURUSD chart as it seems price rejected the downtrend line and its ready to break the 1.0828 where you have to be very carefull not to fall into a bearish trap.
Meanwhile on the 1D timefrime price breaked the uptrend suport line wich confirms that a bearish wave is coming.
In my oppinion price should reach 1.07719 (TP1) and after it makes a corection to the trend line price may go to next suport level 1.07233 (TP2).
If your analyse matches mine, put the SL above the last high (1.08857) an enter in the transaction.
Remember not to look for big fat wins because only think you will get is FAT!
Have a blessed weekend!