Highreward
looking to buy EURAUDMain trend is up and bearish h&s pattern formed, but If we stick with the trend we should expect higher prices to the upper channel.
Therfore i will wait price to reach the support zone and buy there after a clear reversal pattern will be formed.
If that what will happen it will tell me that h&s pattern is going to fail and price will shoot up.
Best of luck :-)
looking for a buy position on USDCADPrice stopped on support area after forming a clear bearish h&s pattern .
Well that is a great situation to look this pattern fail.
If this pattern will fail then we just got us a nice buying opportunity with low risk and high reward.
So, the plan is to buy this pair in a smaller time frame with another failing pattern...
Best of luck :-)
GBPJPY Low Risk High Reward ShortGBPJPY is bound to retest the downward channel, as it did when it broke out of the bottom last time. It is also right on the 200 4-HR SMA, which is acting as a tough resistance, as well as the supply zone.
My last short idea did hit my original stop, but I moved my stop up because I think this will be a huge move.
As always, use proper money management
GBP/USD, LONG, DAY CHART (13-JAN-2017)Note:
Now, GBP/USD is at the history low since 1994.
There is significant strong buying zone at 1.20300 level.
And the current USD strength is weaken.
Recently, there is a bullish pin bar to support the potential bullish movement as well.
We decided to long.
EP: 1.22057
SL: 1.20302
TP: 1.26834
EUR/AUD, DAY CHART, SHORT (16-JAN-2017)Note:
Congratulation to those who follow our 2 short trades
on EUR/AUD last week!
Overall, we remain bearish on EUR/AUD
There is a long Descending Triangle Pattern.
Now, the price is reaching the multiple tested
strong support level at 1.418.
Here are 2 trading plans for this pair:
1. If the price managed to break 1.418 level, can
short with little risk or wait for Pullback to short for
right risk amount.
2. The buying pressure might come in from 1.418 level.
There is possibility that it will surge up to 1.44 neckline
level. Watch for short opportunity at neck line!
AUD/JPY, DAY CHART, SHORT (8-JAN-2017)Note:
AUD/JPY is reaching the strong resistance zone at
86.2x level.
There are 3 potential trading plans for this pair:
1. We expect the price will approach the resistance
zone at 86.2x level. If there are 1 strong bearish or
2-3 bearish signals, we will choose to short.
2. There is possibility that the price break the resistance
zone and reaching the previous peak at 86.9x level
before heading down. Need to watch this level.
3. If the price break both resistance level strongly,
we will support bullish view on this pair
USD/JPY, DAY CHART, SHORT (15-JAN-2017)Note:
USD/JPY tested the resistance zone at 118.5 level
2 times and the bullishness was rejected.
Here, are 2 trading plans for this pair:
1. If USD/JPY managed to break the support zone at
114.5 level strongly, wait for pullback and bearish
signal to short.
2. If the price unable to break the support zone,
buying power might come in. In this case, wait the
price move back to resistance level near 114.5 and
waiting bearish signal to short!
AUD/USD, DAY CHART, SHORT (8-JAN-2017)Note:
From the big picture, we remain bearish on this
AUD/USD.
There are 3 possible trading plans for this:
1. If the price break the support line at 0.729x level
significantly, wait for pullback to short with right risk.
2. If the price continue pullback back. 0.742x level
will be next shorting opportunity.
3. if the price correction is way too strong, it might
restest the strong support line at 0.753x level.
Another better short area.
AUD/CAD, SHORT, DAY CHART (8-JAN-2017)Note: Congratulation for those who follow our trade
last week. If you never move your SL, your trade is
in good profit now.
We have 2 trading plans here:
1. Watch the next Support Zone near 0.96x level.
The price might have either some consolidation
or pullback.
Wait for right bearish signal to short.
2. If the price pullback again to the 20-EMA, wait
for bearish signal near 20-EMA to short.
EUR/AUD, DAY CHART, SHORT (5-Jan-2017)Note:
Overall, we remain bearish on EUR/AUD
There is a long Descending Triangle Pattern.
Now the price break the neckline aka the strong
support line.
After breaking this stong support line, we see a
slight pullback back on the support line and
heading downward.
There is a high probability that it will continue moving down.
EUR/USD, DAY CHART, SHORT (2-JAN-2017)Note: EUR/USD follows our prediction last week, a price
correction to the resistance zone is high likely to happen.
Overall, we remain bearish on this pair.
Now, there are 2 ways to trade this pair:
1. Wait for a bullish signal now near the 20-EMA and
resistance zone to short with right risk amount.
2. The price might further pullback to the next
resistance at 1.075x level. In this case, we also need
to wait for bearish signal to short.






















