Type : Market Execution
Date : 11.10.2016
Time : 11:20 GMT+1
Technical : The USDJPY is on nice supply h4 zone with formed BEOB, we looking for a short setup.
Pair : USDJPY
Timeframe : H4
Trade setup : Short
Entry at : 103.900
Take profit 1 : 101.828 ( 210 pips )
Take profit 2 : 100.300 ( 360 pips )
Take profit 3 :
Stop loss : 104.500 ( 59 pips...
Fundamental Analysis :
Analysis align with USD Market sentiment which is FOMC expected to Hike Interest rate.
Technical Analysis :
Price hit BRN line @ 100.00.
Price hit Max Seq for Flashback price from 98.982 - 107.499
Price expected to move to Max seq for price 125.817 - 98.982
GBPAUD for long position. Entering minimum sequence for daily flashback from 1.97438 & 1.67191.
Entry zone for long position at 1.7210 & 1.7230
Disclaimer - this is just my trading's idea solely for improving my trading skill only.
We can see that support trendline from December 2015 is still active. The NFP on Friday price push to channel middle line. We are looking for retrace to strong weekly supply zone and BRN 1.1500 then we will looking for short call. The risk reward ratio is very good. Long term we looking for break monthly demand level @1.0570 and to go down to 95.000 or 93.000...