Good evening guys,
A New day to test the madness of technical trading mixed with perceptions.
The way i see the hour chart is small moves until break outs. Due to the JPY becoming stronger as the USD politics and goverment shut down concerns are in the market , I see that the market will move down to 143.019 in the next few minutes and than move up to 143.375 to touch the diagonal line on top. The price may vary as the diagonal line moves downwards. After the diagonal line has been touch my target will be set to touch the 142.272 mark. As the market do not move in a straight line it will get some resistance along the way. When the point 142.272 has been reached it will jump up to 143.579. As the day progress I will update my view as news events is released.
my trades :
1. From the diagonal line or price 143.000 (or 143.019, i like to work on round numbers) I will sell with the 1st intent for the market to touch the below diagonal line.
2. When a new candle is opened below the lower diagonal line I will continue with a sell targeting 142.272, always looking for possible correction to take advantage of.
3. When a new candle is opened above the 142.272 and market conditions look favorable for a buy I will start the climb with a buy looking at reaching 143.375. This will be multiple trades as there should be corrections as the market moves up.
once again, this is not advice for any trades and I am sharing my ideas and trades to become a better trader.
Stay safe..
A New day to test the madness of technical trading mixed with perceptions.
The way i see the hour chart is small moves until break outs. Due to the JPY becoming stronger as the USD politics and goverment shut down concerns are in the market , I see that the market will move down to 143.019 in the next few minutes and than move up to 143.375 to touch the diagonal line on top. The price may vary as the diagonal line moves downwards. After the diagonal line has been touch my target will be set to touch the 142.272 mark. As the market do not move in a straight line it will get some resistance along the way. When the point 142.272 has been reached it will jump up to 143.579. As the day progress I will update my view as news events is released.
my trades :
1. From the diagonal line or price 143.000 (or 143.019, i like to work on round numbers) I will sell with the 1st intent for the market to touch the below diagonal line.
2. When a new candle is opened below the lower diagonal line I will continue with a sell targeting 142.272, always looking for possible correction to take advantage of.
3. When a new candle is opened above the 142.272 and market conditions look favorable for a buy I will start the climb with a buy looking at reaching 143.375. This will be multiple trades as there should be corrections as the market moves up.
once again, this is not advice for any trades and I am sharing my ideas and trades to become a better trader.
Stay safe..
Order cancelled:
Did not even get a chance to get into the sell trade. Amazing what news can do. This trade is void as the entry was not possible as mentioned at point 1.