Analysis:
Bearish Confluences
Bullish Confluences
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Bearish Confluences
- Longer term strong downwards trend
- Retesting an area of significance
- Downwards trendline touch
- Triple top pattern forming
- Head and shoulders pattern forming
- 16K short position increase for the EUR
- 3K long position increase for the CHF
Bullish Confluences
- The EUR is the strongest major currency whereas the CHF is the 4th strongest major currency
- 5K long position increase for the EUR
- 4K short position increase for the CHF
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active:
Our entry requirements have been met and our order has been filled. We are short looking for price to continue with the downwards momentum that we've been seeing recently as the EUR weakens.
Trade closed: target reached:
Trade Closed
(+1.42R) Made
After Trade Comments:
This was a lovely quick trade that we were able to catch today. We entered this morning and within 5 hours our take profit was hit and we were out of the trade securing a decent profit. There was news that came out for the EUR which was worse then expected which is what drove price to the downside, just as we called out. Not every trade we take is like this, as the majority of time it takes a while for our edge to play out, but when moves like this happen they are great to catch and it's small moves like this that can quickly add up. There isn't any else to say about this trade so let's move on and look for some more opportunities to capitalise on!
Stay Safe - The JPI Team
(+1.42R) Made
After Trade Comments:
This was a lovely quick trade that we were able to catch today. We entered this morning and within 5 hours our take profit was hit and we were out of the trade securing a decent profit. There was news that came out for the EUR which was worse then expected which is what drove price to the downside, just as we called out. Not every trade we take is like this, as the majority of time it takes a while for our edge to play out, but when moves like this happen they are great to catch and it's small moves like this that can quickly add up. There isn't any else to say about this trade so let's move on and look for some more opportunities to capitalise on!
Stay Safe - The JPI Team