Analysis:
Bullish Confluences
Bearish 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 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.
Bullish Confluences
- Very strong upwards trend
- Retest of a key support level
- Upwards trendline touch
- 6K long position decrease for the USD
Bearish Confluences
- 1K short position decrease for the USD
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 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 criteria has been met and our order has been filled. We are long expecting to see price continue in this upwards trend as the USD weakens.
Trade closed: stop reached:
Trade Closed
(-1R) Lost
After Trade Comments:
Price tried to find support at our level however ultimately it couldn't and price ended up dropping. We did see price try to pullback but the strength just wasn't there which lead to us getting stopped out. This trade was exactly to our plan but it just didn't play out in our favour which happens to everyone. It's been a decent couple of weeks so 1 loss isn't going to affect us. Traders this is where you’ve got to trust your strategy and let your edge play out. Unfortunately losing is a part of trading, the sooner you can accept that the sonner you will become profitable and the less stressful trading will become. Let's move on and look for the next setup to capitalise on.
Stay Safe - The JPI Team
(-1R) Lost
After Trade Comments:
Price tried to find support at our level however ultimately it couldn't and price ended up dropping. We did see price try to pullback but the strength just wasn't there which lead to us getting stopped out. This trade was exactly to our plan but it just didn't play out in our favour which happens to everyone. It's been a decent couple of weeks so 1 loss isn't going to affect us. Traders this is where you’ve got to trust your strategy and let your edge play out. Unfortunately losing is a part of trading, the sooner you can accept that the sonner you will become profitable and the less stressful trading will become. Let's move on and look for the next setup to capitalise on.
Stay Safe - The JPI Team