Analysis of 2 of my latest trades. Each compiled 5-6 confirmations before executed.
5 Confirmation Trade. 3:1 Risk/Reward.
6 Confirmation trade! Looking to make it a very efficient trading week ahead!
Market session hours play a vital role in understanding the right times to place orders in the market.
1:3 Risk / reward ratio. 4 confirmation trade. 61.8 bounce with main entires off of the 70.5% level.
3 trades taken behind the scenes and how they played out. Phenomenal Risk/Reward within the past couple weeks.
Trade setups for week of 9/3/2020
6 Confirmation Trade! Take profit zones have been depicted.
Raw price action, target prices are depicted in video above!
Zones Depicted, Bulls in Control! Looking forward to some massive upside potenital
On EURJPY price is approaching a significant level and anticipating it to breach previous support, retest it, and continue in an upwards trend!
Price Action Trading 101: 4 Confirmations aligned here on EJ. 1 hour trendline hit and bounce, minor zone retest, 61.8 fib bounce, and close of the 1 hr candle with a larger wick printed on the chart. All the confirmations we need to hop in a sell, with proper risk management applied.
Here is an overall analysis on various market patterns on the 1 hour timeframe on gold. In the present day current situation, we have a head and shoulders pattern formed with its neckline (Support) being thoroughly respected. Aiming towards a more bullish approach right now, I am anticipating it to rise to the very next significant zone, depicted in green.
Here we have a descending triangle market pattern on USDCAD . Currently awaiting a breakout when the market opens up; on either occasion - above the trend-line or below our current support line.