Trading With Linorth
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target will be at least 1275.00 so its a great risk to reward ratio trade (about 1:8 I think).
Trading With Linorth
target will be at least 1275.00 so its a great risk to reward ratio trade (about 1:8 I think).
I also have another buy limit at 1230.00 with 500 points stop loss. just in case it came a bit lower than I expected, so I can have two small positions and close one sooner (with 1:3 ratio) and keep one to see how far it will go.
#EURJPY - you can see that in the 8H chart it has broken all its decending trends so its going up very strongly, so lets take a look at it in a lower time frame and see what its doing..
#EURJPY - we can clearly see the bullish flag pattern forming in the 1H chart, so this is how I expect the price to move up this week.
#EURJPY - I put in a small sell order at 128.450 with a 300 point stop loss. I'm tryin to sell it from the top of the flag to its buttom, which is a risky move since we are in a strong acending trend. so I think its safer for you guys to wait and get in on a buy setup when it touches the buttom of the flag pattern at around 127.500
#EURCAD - maybe its a bigger triangle than I thought it was initially! either way, I might go in with a sell order with a very tight stop (less than 8 pips) just for fun. (small order)
#EURGBP - no special patterns, just trend lines, its still safe to go in with a buy order when it touches the short time acending trend. but play it safe and trade low volumes.
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sell nzdusd at 0.73250 sl 0.73500 tp open
I held it over the weekend, but it just hit 20 pips and I closed it to save my profit. now I will wait for it to make a pullback to the buttom line of its channel. I might go in with another order then, depending on how things go at that time.
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just went in again with another sell order at 0.73089 with a 135 point stop and a 320 pip profit. its a bit risky, so I went in with a low volume.
I turned it into a 1:2 trade so my stop loss can be behind a resistance line and my take profit before a support line. so it now has a 140 poins stop and a 280 points take profit. still a decent setup, considering the price movements on 5min and 1hr chart
#USDJPY - sell at 112.540 with a 500 points stop loss and 100 points take profit. (low volume)
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#EURCAD - maybe its a bigger triangle than I thought it was initially! either way, I might go in with a sell order with a very tight stop (less than 8 pips) just for fun. (small order)
it hit my 20 pip take profit a lot sooner than I thought!
and activated my buy limit order at the buttom of the triangle pattern, which I might close by hand, since the movements are crazy fast!
#NZDUSD - sell at 0.73143 with 80 points stop loss and 240 points take profit.
#USDJPY - sell at 112.713 - stop loss 330 point - take profit 990 point (very low volume)
closed both my positions on #NZDUSD
Trading With Linorth
closed both my positions on #NZDUSD
it was their original tp but I widen it so maybe the price can move passed the major resistance line of 0.73000 but since it couldn't break that line, I closed my position and took my profits. overall, a good day so far 😊
#CADJPY - look for the signs of reversal when the price hits the resistance line of 87.000 if it couldn't break the resistance line, we go in!