Hello Traders, Tonight we look at USDCHF and it's price action with a Quarters Theory approach. As you can see from the chart it has failed to pass the hesitation zone TWICE. This is a perfect setup, and will give us a price rejection back into the channel that price is currently moving in. My expectations is that it will meet the 200MA at the 0.964 price point....
Hey Team, Looking to Long all JPY pairs tonight as they show a pullback to a 23.6 fibonacci level. Perfect time to hop in on the trend! Looking for it to soar up about 128.75 level and then experience a pullback. Target is a quarter point. Here's our move for tonight. Buy eur jpy Sl 127.8 Tp 128.75 Best, ForexNick
Hey Team, Looking to Long all JPY pairs tonight as they show a pullback to a fibonacci level. Perfect time to hop in on the trend! Looking for it to soar up about 113.600 level and then experience a pullback. Target is a quarter point. Here's our move for tonight. Buy Usd jpy Sl 112.65 Tp 113.6 Best, ForexNick
SORRY team for the messy chart. Was doing some deep analysis. I've noticed the following: AUDJPY has failed the 85 quarter point AUDJPY has failed to pass the previous high AUDJPY has failed to pass the 38.2 FIB LEVEL AUDJPY has formed a descending wedge Target is 84. Trailing stop of 250 points after you're ~35-50 pips in profit. Expect a strong support bounce...
Hey Team, We're looking to long AUDUSD today, it's forming a nice upwards channel with support from the 200, 100 and 50 MA. Let's see how far it can push. Hopefully to the .765 level! Here's our gameplan: Buy AUDUSD @ .75775 SL .754 TP .765 Remember proper risk management! This is a 30 pip loss with an excellent R:R. Remember to lock in profits at 30 pips...