Tag Archives: 200sma

Trade: Sell OptiBiotix Health PLC (OPTI) (ABCD Pattern, Gartley Pattern)

Trade: Sell OptiBiotix Health PLC (OPTI) (ABCD Pattern, Gartley Pattern)

Snapshot:

 OPTI Short ABCD Gartley Pattern

OPTI Short ABCD Gartley Pattern

Reasons For Trade:

  1. ABCD Pattern formation
  2. Gartley Pattern formation
  3. 200sma confluence with gartley completion
  4. Weekly and Monthly RSI 7 Overbought

Stop Placement:

110p

Targets:

51p

Trade Execution:

At market or higher

Concerns:

None

Planned News/Events Expected:

Unknown

Post Execution Review:

 

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EURAUD Gartley Pattern Butterfly Pattern ABCD Pattern 200SMA Short Forex Trading Idea

EURAUD Gartley Pattern Butterfly Pattern ABCD Pattern 200SMA Short Forex Trading Idea

Snapshot:

EURAUD Gartley Pattern Butterfly Pattern ABCD Pattern 200SMA Short Forex Trading Idea
EURAUD Gartley Pattern Butterfly Pattern ABCD Pattern 200SMA Short Forex Trading Idea

View it on TradingView

Reasons For Trade:

  1. Gartley Pattern completion in PRZ zone
  2. Butterfly Pattern Completion in zone
  3. ABCD Pattern completion
  4. Fibonacci confluence of 78.6 retracement and 127.2 extension of last retaracement
  5. 200sma in the zone
  6. Strong supply Area

Stop Placement:

Above supply zone

Targets:

as shown, there are 3 targets

  1. Structure based
  2. 38.2 Fib retracement from advanced pattern
  3. 61.8 FIB retracement from advanced pattern.

Trade Execution:

Wait for confirmation

  1. Take targets as you go along
  2. Tail stops on 3rd target as EUR can take a bearish rotation again to give large profits.

Concerns:

None

Planned News/Events Expected:

Week is packed with news

MonOct 26 5:00am EUR German Ifo Business Climate
TueOct 27 5:00am EUR M3 Money Supply y/y
8:30pm AUD CPI q/q
AUD Trimmed Mean CPI q/q
WedOct 28 8:30pm AUD Import Prices q/q
ThuOct 29 All Day EUR German Prelim CPI m/m
4:00am EUR Spanish Flash CPI y/y
4:55am EUR German Unemployment Change
8:30pm AUD PPI q/q
FriOct 30 3:00am EUR German Retail Sales m/m
4:00am EUR Spanish Flash GDP q/q
6:00am EUR CPI Flash Estimate y/y
EUR Core CPI Flash Estimate y/y
EUR Unemployment Rate

 

Post Execution Review:

Pending

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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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EURUSD SHORT #TRADE SMA RETEST FIBONACCI STRUCTURE #FOREX

EURUSD SHORT #TRADE SMA RETEST FIBONACCI STRUCTURE 

EURUSD SMA Short Trade
EURUSD SMA Short Trade

View It On TradingView

Reasons For Trade:

1. 10sma is lagging behind and EURUSD price has tested 200sma 2 times already. If the prices come back up to touch 10sma, we will have an opportunity to go short.
2. Price is currently in down trend and is not oversold yet.

Stop Placement:

  1. Above 50 sma at least and previous high

Targets:

  1. First Target at: 1:1 R/R i.e. 127.2 Fib extension. That is where 61.8 Fib retracement of impulse leg has confleunce.
  2. Second Target at 161.8 Fib extension. That is where 78.6 Fib retracement of impulse leg has confleunce.

Trade Execution:

  1. Wait for a confirmation inside the zone to take an entry as this is a wide zone.
  2. As soon as the target 1 hit, close 50% of positon, move stops 50% down as price may come back up to retest and fall down again.

Concerns:

  1. The price may try going over 50sma to touch a zone around 1.1442 area of EURUSD

Planned News Expected: (UK Time)

TueOct 20  1:30pm USD Building Permits

Post Execution Review:

Pending

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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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AUDUSD Bigger Bull Idea (50/200 SMA, Structure)

AUDUSD Bigger Bull Idea (50/200 SMA, Structure)

2015-10-13_AUDUSD Long Term
2015-10-13_AUDUSD Long Term

Better place for Long entry is at 1H chart:

2015-10-13_audusd better long trade entry zone
2015-10-13_audusd better long trade entry zone

Reasons For Trade:

1. 10sma is crossing 50sma in the yellow region. The price might test this zone to give us a bullish entry.
2. 200 sma is far up above. Once the price crosses the latest structure high at 0.7378, the next target will be retest of 127.2 fib level/200sma.
2. Daily and weekly chart are not showing any signs of oversold or overbought.

Stop Placement:

  1. Below 10sma-50sma crossover

Targets:

  1. First Target at: 1:1 R/R
  2. Second Target at 127.2 Fib extension of most recent high
  3. Third Target around 200sma

Trade Execution:

  1. Wait for a confirmation inside the zone to take an entry as this is a wide zone.
  2. As soon as target 1 is hit, close 50% of the position and move the stops to break even i.e. 0.7238
  3. Ride to second target and close 50% of the remaining position and move stops to 0.7330
  4. Re analyse the market to see if more profit can be made with 200sma as target and stops at 0.7428

Concerns:

  1. The price may never come to our zone to give us an entry.
  2. Trade Management will be complicated

Planned News Expected: (UK Time)

TueOct 13  1:30am AUD NAB Business Confidence
WedOct 14 1:30pm USD Core Retail Sales m/m
USD PPI m/m
USD Retail Sales m/m

Post Execution Review:

Pending

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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)

#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)

#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)
#GBPJPY 2618 TRADE SHORT AND LONG IDEAS (BAT PATTERN FORMATION)

A. Reasons For Short Trade:

1. Double top formed with bearish divergence
2. Price may go upto retest 61.8 retracement and 200sma to give short opportunity

Stop Placement:

  1. Area above the previous High

Targets:

  1. Target will be at completion of bat pattern where 200sma is located

Trade Execution :

  1. Only one position for short

Concerns:

  1. None

B. Reasons For Long Trade:

1. Bat pattern completion
2. 200sma close to the zone

Stop Placement:

  1. Below the immediate support there is another support area. So we will have to include that too.

Targets:

  1. First target will be 38.2% retracement of AD leg
  2. Second target will be at 61.8 retracement of AD leg

Trade Execution :

  1. Aggressive entries to be taken

Concerns:

  1. None

Planned News Expected: (UK Time)

TueOct 13  9:30am GBP CPI y/y
WedOct 14 9:30am GBP Average Earnings Index 3m/y
GBP Claimant Count Change

 

Post Execution Review:

Pending

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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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$EURUSD – #EURUSD Short Idea (#Forextrading, #Forex) –

#EURUSD Short Idea

EURUSD Short Idea

1. ABCD Pattern
2. Fibonacci Confluence
3. HTF Trend Line
4. HTF 200sma
5. HTF RSI reaching Overbought Level

$EURUSD – #EURUSD Short Idea (#Forextrading, #Forex) –

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#EURCAD LONG IDEA (ABCD PATTERN, 200SMA, FIBONACCI CONFLUENCE)


#EURCAD Long Idea (ABCD Pattern, 200sma, FIBONACCI CONFLUENCE) by TradeYodha on TradingView.com

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Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
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#GBPUSD LONG IDEAS (200 SMA, ABCD PATTERN, STRUCTURE, FIBONACCI CONFLUENCE)


#GBPUSD LONG IDEAS (200 SMA, ABCD PATTERN, STRUCTURE, FIBONACCI CONFLUENCE) by TradeYodha on TradingView.com

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Leave a comment: I would love to hear your thoughts, suggestions on this topic. Please leave a comment.
---------------------------------------------------------------------------------
Disclaimer: This web site is just my financial trading log and is for educational purposes.
Please do your research, analysis and take your decisions. You must not rely on my actions or analysis.
Please see the Disclaimer page.
---------------------------------------------------------------------------------