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Highprobability

EUR/USD clean 1:5.5 risk reward high probability trade!Confluences: -Price failed to break the daily resistance, so I'd expect a retrace to the 61.8 daily fib level which overlaps perfectly with a reversal zone. -I will buy then and take EU to the next zone taking partials at the major resistance line (considering the stop loss is low I can place a higher lot size) -Stop loss will be at the 71.8 which lines up perfectly with the 2 4h wick rejections. Good luck these weeks with the trades
Long
by Fed02
2
92%-95% PoP SPY Credit Spread with 4% return (2 trade idea)Hello all, hope everything is well. This week I’m looking at the SPY and looking to grow capital invested by 3-5 percent per trade with 92% - 95% percent probability of profit. -Current price is: $382.88 -VIX is at: 21.90 -Credit spread sell strike: $370 Exp 1/27 and $367 Exp 1/29 -Is price trading above 50 day SMA on the 4 -hour, daily, and weekly chart?: Yes -Is price trading above 200 day SMA on the 4-hour, daily, and weekly chart?: Yes -Percent OTM if held to DOE upon entering, is: 93% - 95% of being OTM if held to DOE -Technical analysis: With just reaching all-time highs I expect to see a pullback early to mid-week. Looking at the 4-hour chart we see that the $374-$378 price zone has been a key zone for SPY in the previous week. I’d like to see the price come back down to that zone and look to sell a put credit spread with $10-$13 away from our sell strick or 92-95 percent probability of profit if held to the day of expiration.
AMEX:SPY
by zzMOTTS