J1021Trading

J1021Trading

Trade idea for week 2: Seeing a continuing downtrend forming here. Recent spike may present a sell opportunity with a solid rejection early this week. I’ll be watching this pair closely.

J1021Trading

Trade idea for week 2: A clear rejection of historic highs. Suspect we’ll see a significant downtrend over the coming days and weeks. I am looking for somewhere to enter a trade this week.

J1021Trading

Trade idea for week 2: Broken the up trend here clearly over the holidays. I am looking for a retest of the up. A rejection this week would be a strong indicator to short. I was short In this week one for over 100bps but exited because of NFP. Let’s see what this week brings.

J1021Trading

Trade idea for week 2: We can see a break in structure; Still very early so not entering this trade yet. JPY govt. policy could create volatility with any JPY pairs so be careful. I think this may go long, but will be monitoring closely this week.

J1021Trading

Trade idea for week 2: Seeing a clear break here from the downtrend. Expecting a solid retest and if we see good resistance I’ll be looking to go long. Await confirmation.

J1021Trading

Trade idea for week 2: Seeing a clear bottom here for this pair. Limited downside appetite. Expect a retest and push up like CADCHF. Wait for confirmation.

J1021Trading

Trade idea week 2: I’m looking for a retest of recent highs then a free run up here. Double bottom, limited appetite for further lows. Awaiting confirmation.

J1021Trading

Trade Idea for week 2: looking at the top of a downward channel here for GBPUSD. I expect a pull back. Awaiting confirmation post-US open on Monday.

J1021Trading

Here we can see a break of trend, solid retest and rejection. I am short USDCAD.

J1021Trading

I’m seeing CADJPY hit good resistance here on its descending channel. Short back down to 95.5. RSI on longer timeframes also showing overbought.