Hi traders, hope you're having a good start to your trading week. We have a nice setup forming on USD/JPY on the 4H chart, with a breakout trade. I analyzed this chart and I have discovered that price appears to be in a 3 wave pattern. Price had impulse down leg (See chart for details), had a corrective up move, and now has now started a down leg. I am...
We had previously placed a -Aggressive- Entry for this pair. As stated previously we have waiting for the 4H candle to place our 2 active position for this trade. It is a little bit risky due to the fact of all the news we have upon us. But overall we are still predicting a down-side for this pair. As long as we don't see price closing -ABOVE- our trend-lines we...
Could we have a possible down-side for this pair? We are in a odd spot right now for this pair. For the past couple of days we have been descending aggressively after a whole week of bullish movement. But we could have a possible entry upon us. If at the close of the 8H candle we see price closing -BELOW- our trend-line. We would have a nice -SELL-...
We may possibly have a entry for this pair once again but to the upside. We are still awaiting to see if at the close of the 2H chart if we possibly have a trend-change. If this candle closes -ABOVE- we will be placing a nice solid -BUY- with our overall target being our Monthly Resistance. You can also place a VERY AGGRESSIVE ENTRY at the close of the 1H...
As we see that price has closed -BELOW- our minor trend-line. We will be looking for a quick CTT scalp. If we do see price closing -BELOW- our major trend-line we will have FTC which we may extend our T/P.
As we see a trend-line rejection I saw a good -LONG- opportunity. I did enter with half of my average lot size as I want to wait to see if price can close -ABOVE- our Major Trend-Line. If we do see that at the close of the 4H I will be adding another position and riding with 2 active positions for this pair. We just have to wait and see. How this is a...
GBP/USD - Short-Term-Trade - Market Update We've been seeing price be in a STRONG -Bullish- trend. Overall I can see price reaching our -27.20% Fibonacci area (About 75 PIPS away). However; I don't see my self placing any entries as of right now. What are my recommendations? If you are in a -BUY- I recommend you still hold this pair as we are still...
Breakout to the upside, looking for it to correct itself and find support. Looking for a hold to confirm uptrend.
Are we finally going to have gold dropping? I've been anticipating a drop for gold since last week. However; we haven't had any major confirmation. Regarding this Medium-Term-Trade we may have a down-side coming to us this week. Now the gold market has just opened 45 minutes ago. So a LOT can happen until our daily candle closes. If by when this daily candle...
Could we see a possible down-side for USD/JPY? Previously we have seen that price went into a small bullish trend. As you can see it didn't go too far; as it rejected our Major Trend-Line. That area was a extreme critical area as it aligned with a Major 38.6% Fibo area. What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I...
CAD/JPY (Pre-Week Analysis): Last week we decided to NOT trade this pair until the start of next week (tomorrow). Now that I've been seeing more or less a more solid trend. I can give out more updates of this pair (If it doesn't go back into a strong consolidation zone). Our minor trend-line; seems to be working much more smoother which is something I like to see....
Hi traders, NZDCAD looks like a great long opportunity. Keep an eye on this one during the week for the right time to buy in accordance with your trading rules. With price still in the range, it's wise to consider your options: You can buy aggressively in structure in hopes of a breakout to the upside and a new impulse leg. Alternatively, you can watch for a...
Triple Bottom and closed the week with a bullish harami confirmed on the weekly chart. Triple bottom on the daily chart as well. Happy New Years!
Broke downtrend and came back to test and hold support at 1.04200
Beginning of uptrend Broke through consolidation Retested .382 for support after breaking through
Technical analysis: slight uptrend Fundamental analysis: Yen consider "safe haven"
Forex Pips Club GBP/USD SHORT update- As you can see our analysis was right , Cable did Drop lower to our second Profit Target. Although our First stop was run by MM who always use news to carry out their agendas.