Hi Purposeful traders! This week on GBPJPY I'm looking for continued buys. She has a great opportunity we may need to set our eyes on. I look forward to knowing what you think about the analysis. Let's chat in the comment section below.
The pair performed as anticipated, a pullback was made to a significant area which I had marked last week. I jumped into the buy at the low of day this afternoon given all features of an executable entry formed according to plan. I expect price to continue toward 1.28700 and will wait patiently to see market structure unfold. So far all is working accordingly so...
Hey Purpose trades. I was stopped out of one of my recent trades. I followed my rules to the T as I always do, but price wanted to go the opposite way. In this video I am showing you what I'm doing next. Have questions or comments? Leave them in the comment section below.
Hey Purpose Traders EURUSD has made a new lower low and I am here for it.This can be a great new setup to this slow start of the week. Let's see how she goes. Disclaimer: This is my personal trading idea. Please follow your own ideas at your own risk.
The pair has continued to rise in the directional bias I have (upward). I'm still expecting price to rise toward 1.28700 and currently holding 2 Trades both in profit with zero risk (SL1 @ +35pips, SL2 @ BE)... I'm deciding how to manage my 2md open entry however so far I'm comfortable. I'm currently waiting for a possible entry to continue according to my...
The Japanese Yen and Australian dollar currency pairs have moved greatly recently. While I may not be in all of the trades I can be transparent about my recent mistakes and lessons learned trading them and how I plan to trade the AUD pairs. Watch this video to see my full before analysis on these pairs.
While there has been much commentary about the US Dollar Index hitting 100.00, we note two things from a technical perspective – the first is a shooting star pattern on the candlestick charts and the second is that the daily RSI has yet to confirm the recent high. This happens when price makes a new high, but the oscillator does not – it is otherwise known as...
Since the last 20 years a huge triangle built on the EURUSD. We are on the edge of this triangle. A break higher than the top of the range (1.16500) will follow with the weakest dollar we've seen in a very long time and a massive bull trend. A break below the bottom of the range (1.08000) will follow with a stronger dollar and a much weaker euro. At the moment...
We are looking at taking advantage of a possible retracement in the price of GBPUSD and entering the market at 1.3020 , With SL set at 1.2930 and a TP set 100 - 150 pips above entry
28/03/22 COMBINED FORECAST FOR WEEK 5 MARCH 2022 = BULL DAYS OF FEB WEEK 4 OF MARCH FORECAST WAS = BEAR = INACCURATE PROBABILITY FOR NEXT WEEK = BULL This week opened fairly neutral and calm. Monday and Tuesday candle bodies were contained within Friday's body. Wednesday's candle matched Friday's body in the opposite Bull form. Thursday is a slight breakout with...
27 March 2022 FORECAST FOR WEEK 4 MARCH 2022 WAS = IN DIFFERENT THE COMBINED FORECAST FOR MARCH WEEK 5 OF 2022 IS = BEAR DAYS WEEK 4 OF MARCH 2022 FORECAST WAS = BEAR = ACCURATE THE PROBABILITY OF DAYS FOR WEEK 4 MARCH 2022 IS = BEAR This week's volume was decent but very consistent across the week. The candle was Bear on Monday mostly body but some tails....
27/03/22 THE FORECAST FOR WEEK 4 MARCH 2022 IS = DIVIDED ASSESSMENT DAYS PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR Monday produced a doji and continued its rally from last week. Tuesday was the largest candle, mostly body some tail on the bottom, and almost none on the top. Wednesday - Friday the candles all Bull but gradually decreased in body size and tails...
27/03/22 THE FORECAST FOR WEEK 5 MARCH 2022 IS = BULL DAYS PROBABILITY OF DAYS FOR WEEK 5 MARCH = UNDECIDED This week opened calm. Monday produced a small doji Bull. This is leading on from the three last days, all precise Bull candles almost no tails, convincing momentum. Tuesday is the largest candle of the week, it is a Bull candle no tails. It is bigger...
With strong trend line support we can go for long with small stoploss
After both 2 fake out failure in upside market coming to retest the last strong swing high... If we found any fakeout or regection we can go long from both entry points with swing low sl or trend line support breakout at stoploss
FORECAST FOR WEEK 4 MARCH 2022 IS = IN DIFFERENT COMBINED FORECAST FOR MARCH 2022 = BULL (10/3/22-So far this assessment is incorrect) DAYS WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR On week 3 Monday produced a small bull candle, and again on Tuesday. Wednesday increased the volume and the candle body but...
20/03/22 FORECAST FOR WEEK 3 MARCH 2022 WAS = BEAR = INACCURATE THE COMBINED FORECAST FOR WEEK 4 MARCH 2022 IS = BEAR DAYS WEEK 3 OF MARCH FORECAST WAS = BEAR = INACCURATE PROBABILITY OF DAYS FOR WEEK 4 MARCH = BEAR (but watch it first) Week 3, Monday produced a Bear candle with no bottom and upward tail. Tuesday produced the Bull candle to Monday's Bear, no...
27/03/22 FORECAST FOR WEEK 4 MARCH 2022 WAS = BEAR = INACCURATE THE COMBINED FORECAST FOR WEEK 5 MARCH 2022 IS = BEAR DAYS WEEK 4 OF MARCH FORECAST WAS = BEAR = INACCURATE PROBABILITY OF DAYS FOR WEEK 5 MARCH = BEAR The week opened with a small Bear doji type candle, volume would be considered the low side of average. Tuesday was fairly Bull and it continued...