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...
Note: We are still watching on EUR/JPY pair We are slightly bullish on this pair. Here are 3 trading plans we have: 1. The recent bullish bar bounce from 20-EMA serve as a good signal to long. We can wait another bullish confirmation to entry long. 2. Wait for another pullback to support zone or 20-EMA and wait another strong bullish signal to long. 3. If...
USDJPY being bearish for a limited time.
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...
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...
Lately I've been doing some chart analysis in the market using charts on the Daily Time-frames to identify it's trend. And slowly developing my own trading Strategy ( Semi Auto-Trading Ranging Market Strategy-SATRMS ) So I have identified that the EURUSD had been ranging for the past year or two (since 2015 till to date) So I took the highest( 1.17143 ) and...
Note: Overall, We are bullish on GBP/JPY. The price correction to 20-EMA followed by a bullish signal. There are 2 trading plans: 1. Swing Setup, price pullback to 20-EMA followed by a bullish signal. Can long now with little risk amount. Or to zoom into H4 or H1 chart, wait for pullback and bullish signal to long. 2. Wait the price correction to strong...
Note: Gold, XAU/USD Gold follows what we predicted previously. Gold having price correction to 20-EMA now. Overall, we are still bearish on this pair! There are 4 trading plans for this trade: 1. Since the price pullback to 20-EMA, followed by a bearish signal, good chance to short with little risk. 2. Wait the price pullback slighlty further to support zone...
Note: Overall, we remain bullish on USD/JPY pair. Now, price having correction to 20-EMA, followed by a bullish signal. It is a Swing Setup, but aware of the immediate strong resistance zone. There are 3 trading plans for this trade: 1. Long now with little risk amount as it is a good swing setup. 2. Wait the price having more correction to the strong support...
Note: GBP/AUD follows our prediction last week. We remain bullish on this pair. There are 3 trading plans for this pair: 1. Wait for the potential breakout trade. When the price breaks the immediate resistance line, wait for weak pullback and bullish signal to long 2. A strong bullish signal bounce from the 20-EMA line, a good signal to long now. Can long...
Spotted a nice bullish trend in USDJPY lasting for about a month and 9days (07/11/16 to 15/12/16) and now it seems to be having some retracement. So I setup my ranging market setup again but I'm looking to go short at Entry:116.958 (Stop-loss:118.624) if it isn't too late but if price levels has passed that level or doesn't touch again the I may enter...
Here is my analysis for next weeks trading plan for EUR/USD Overall the current trend is a Bearish Trend, as Price levels are below the 100 and 200 Simple Moving Averages that I have placed. Since i never manage to place a Short Trade, it may be too late and the trend may come to an end :( so I set up a Ranging Market setup which will help me determine if the...
FX:GBPAUD The rate is currently trading beneath some important resistance levels - the 6-month falling trendline starting after the rate made a breakaway gap from the Brexit low, the former channel support as the new resistance and the monthly high at 1.7170. I am bit more bearish here and will consider entering a short on a break below 1.7000 to target the...
Hey Traders, Hope trading is going extra swell, we are grinding out of our drawdown so lets hope for some winners! We have a few small pattern formations that you can take advantage of on lower timeframes, the Bat already hit targets one so that wouldn't be valid for me, but who knows, maybe some of you have different techniques and you can macgyver some profits...
FX:USDMXN My favorite exotic, UMEX looks poised to have a substantial move down soon. The DXY looks ready to drop, and the forecast for tomorrows interest rate decision for the peso is up .5% to 5.25%! That 1-2 punch should knock out the peso, and bring it way down before it rises again, I am targeting the monthly pivot.
The price broke out of the wegde, but got knocked in again by the 50 SMA and has now formed a head and shoulder pattern yet to be completed. Price got rejected at daily R1 Pivot and is moving down to complete the HS. Daily is aswell showning signs of a top, stochastics are overbought. 1H has RSI and Stoch overbought and the trendline on RSI has been broken. A...
This is for the ES if using other products please adjust the numbers today Monday, 100% long overnight inventory, so first reaction is often a opening down move, this retrace should land at either 2156 or 2152 by 2152 is my over under zone, so lean long if remain over, and lean short if under targets on the opening retrace bounce are 2156, 62, 67 if we get...