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Countertrend

GBPUSD-Weekly Market Analysis-May21,Wk4I've shorted GBPUSD on Friday with more than 50pips of running profit with zero risks (I've shifted stop to the entry). During Monday market open if the candle breaks and closes below the red trendline on the 4-hourly chart, it will increase the bearish run and help me to reach my target earlier. However, if it doesn't and if it retraces back to 1.4181 and didn't break and close above 1.4194, I might just engage another short position to this trade. If you are interested to look into my thought process before I engaged the trade on Friday, click the link on the related ideas within Trading View post.
Short
by RaynLim
1
BTCUSD SHORT Fibonacci extensions for intraday trading $BTCUSDThese are the Fibonacci retracements I am watching for BTCUSD today : N1: 42287 N2: 43487 N3: 45429 Current intraday trend likely UP DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 4 (48112) TP could be @ Fibo level 0 (40345) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL Social trading Youtube channel France Trading forum (french)
BITSTAMP:BTCUSDShort
by Hi3rophante
3
GBPUSD LONG Fibonacci extensions for intraday trading $GBPUSDThese are the Fibonacci extensions I am watching for GBPUSD today : N1: 1.4165 N2: 1.4148 N3: 1.4125 Current intraday trend likely DOWN DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 5.618 (1.4099) TP could be @ Fibo level 0 (1.4192) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL Social trading Youtube channel France Trading forum (french)
Long
by Hi3rophante
EURUSD SHORT Fibonacci extensions for intraday trading $EURUSDThese are the Fibonacci extensions I am watching for EURUSD today : N1: 1.2239 N2: 1.2249 N3: 1.2265 Current intraday trend likely UP DON'T FORGET TO SET STOP LOSS IN CASE OF NO REVERSAL FOR A LONG TIME Examples of SL and TP : SL could be @ Fibo level 4 (1.2287) TP could be @ Fibo level 0 (1.2223) Again these are just EXAMPLES ; these are the simpliest way to implement SL and TP in this system ; otherwise one could easily improve these by using partial profit taking, SL to breakeven after a certain amount of profit and other money management tactics... Same goes with the SL Social trading Youtube channel France Trading forum (french)
Short
by Hi3rophante