Moneytr8r-EUR/USD Trade

BUY EUR/USD @ 1.5836

Price Action found support at 20ema a stop would be right below 1.5830 with a potential upside target of 1.59

Momentum indicators are confirming this move on the hourly among my other charts

I'm on it..i hope this post continues.

MONEYTR8R-GBP/USD TRADE

Hello all I already issued my first trade on the EURUSD Im looking over the GBPUSD and I also see a potential long trade if we can get a close over the 200ema around 1.9776 I dont have any pivot levels here so our only support would be this 200ema we do have a daily midpoint at 1.98 so we may see resistance around that level if we get over that point we could see a rally towards 1.9820 News announcements withholding. My proprietary indicators are also showing a bullish strength on the hourly, a SAFE entry would be a close above the 200 a more risky entry would be to enter here around 1.9778 with a hard 20pip stop.

Also potential move to the 38.2% extension at 1.9783 near term and a break through that could test 1.9797

Remember to trail profits selling half every 10pips, I recommend trading at least 2 TWO lots so as to be able to sell half and let the other half run.

Good Trading!

I hope some of you got in, there were at least 2 opportunities to enter trade, currently 30+ pips in the green, congratulations to all who are in or locked in profits already, remember to scale out of the trade by selling half
Good Trading
~$

any idea of euro reaching 1.60? i'm not using a trailing stop so i want to have an idea what my TP will be.

I am in 1.5729 aiming for 1.7000

Titan first off hope you have locked in some profit. These trades I am giving are meant to be scalping trades, not swings, that being said, I dont ever predict targets, its too much of a guess, the reason being I cannot track volume in the cash forex market since there is no central exchange, all I can track is momentum and trade activity I gave a 1.59 approximation based on where I see resistance and possible reversals due to FIB and PIVOT levels.
1.60 is possible but its not as probable as a test of 1.59 you may want to be ready to close out trade if you get 3 lower highs on a 2 or 5min chart. Dont give back your profits, and youll live to trade another day.
Good Trading

i appreciate your advice

Congrats to anyone who jumped in this trade so far 20+ pips in the green, there was ample time to get in and remember to scale out of the trade selling partial lots, Remember my trades are scalp trades we take advantage of the momentum in the short term, I am not issuing a specific profit target.

Lock It In, No Need To Be Greedy
Good Trading!

I'm out right now (70 pips profit)..is this the sign of a reversal? i will be watching!