The USDJPY pair is testing the Rising Support from the January 15th Low for the first time since the February 2nd Low. This is a standard case of breakout trading. The price has been under the MA50 (4h) for 2 weeks. Trading Plan: 1. Buy as long as the Rising Support holds. 2. Sell if the Rising Support breaks (i.e. closes a candle under it). Targets: 1. 134.000...
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Our upper target for EURUSD has been hit and now a new trend is emerging. The price almost touched Fibonacci 0.786 during the Fed today and is retracing. We are expecting a test of the 1day MA50, which is inside the volatile Support Zone A. Buy, if by the time of the test the 1day RSI also touches its MA. Target 1.10250 (Resistance B). Previous chart: ...
OANDA:XAUUSD Who dares to pan for Gold? Trade smart or don't trade and wait for Chair JP tomorrow.
USD Index, could we have a new leg lower, kicking off traders? Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control. It was a commanding move lower as we saw sellers break and close below 103.35. This move also beat 103.48 support and set a new lower low after the trend break. This move maintains the run of lower...
OANDA:USDJPY This time, hard 30 pips TP (131.497-131.195) Faded this short on the 15m going with the 1H bias, after Asian FX open. Trade well
OANDA:USDJPY Be careful of what we ish for. We all hate trading news days, but those are the days we get price action pushes one way or the other. Today? I wanted and prepared for a short after NYSE open, never triggered, only long plays which I didn't take early on. OH well, NO NEWS days typically chops in boredom last half of London and into NY. Trade smart
OANDA:EURGBP NOTHING Right direction for a short on this pair, BUT after 4 hours of NOTHING, closed at +1pip TP Pathetically slow day today, waste, should had turned off the power and save on the power bill, LOL
TVC:DXY What a mess. With the mid tier banking institutions surprise balance sheet news this week; and still continues with new names coming out from hiding, we have the Euro ECB rate chatter. All this makes the dollar index floundering around and looking for a direction. Trade management, if your watching the DXY for any confluence in the pairs your...
OANDA:USDJPY Heading into another high impact news release out of Japan, the Balance of Trade, I took a short scalp of 10 pips hard TP with tight stop loss at this hour. This scalp took about 10 minutes. Nice to have a few easy ones in the books. Now we sit on the sidelines and wait for price action after this news release to settle in. Trade smart Trade well
The AUDJPY pair hit S1 (87.350), which is a Support level that is holding for 10 months. With the 1D time frame turning momentarily oversold (RSI = 32.308, MACD = -0.610, ADX = 52.239), we regards this as a strong long term buy opportunity. TP = 92.000, some points lower than R1, as the 1D MA200 may be lowered by the time it rises to that point, and it has caused...
The GBPUSD pair hit Resistance Zone A and is consolidating. Sign of selling accumulation. The 4hour RSI is on the Overbought limit, therefore a pullback is expected to normalize this effect. Support Zone A is the strongest call as the 4hour MA50 will also enter it by tomorrow. Buy and set a long term Target at 1.2400. Follow us, like the idea and leave a...
Here is my current plan I am implementing. I am in a 30k position on the NZD and I looking at continuing to building until 100k. If I could get into my full position before price breaks above the 0.63 lvl, I think I'll be in a good spot. Since the CPI came out as expected, this might be able to give price a little momentum higher. If price is able to hit the...
OANDA:USDJPY UJ pair has always been good to me, sometimes a pain, but in general, it has been kind to me. Might me slow and boring, but safe for me. Short scalp 10pip hard TP Trade well
USDJPY is making LH nad LL Sell at 133.420 TP 132 SL 133.850
Check the video to get understanding on my view on GJ this week Follow and comment below for other breakdowns
OANDA:USDJPY A good start to the week. Quick scalp for 10 hard pips TP, before it hit PWL (previous weeks low). I tune out the nay sayers that scalping doesn't work, and that I should maximize the trade, which is actually a very smart and profitable strategy when executed properly with trade management. But I do LOVE scalping and enjoying the rest of my day...