BUY PENDING ORDER AROUND 112.017 - 112.000 SL: 111.667 WORST SCENARIO 111.500. TARGET 1: 113.005 TARGET 2: 113.554 TARGET 3: 114.486
I was having an incredible sushi here in Johannesburg tonight, when I got to the hotel and saw my set up already gone. Normally I would just forget about it and find another trade, but I am short on this. I don't care if it has already gone. I am on this trade. Decent 1.8 RR. Have a good week all.
On Friday the CADJPY broke below the 84.60 handle. This level supported the pair on December 5th of last year but had more recently attracted buyers on February 28th and March 9th. Today’s high of 84.61 illustrates a retest of this area as new resistance. And last week’s breakdown suggests that we could see prices continue to slide lower over the next few...
The daily timeframe build a pennant pattern. I wait for a clear breakout fo further decisions.
FX:USDJPY broke the 50DMA once again and looking bearish in my opinion. The breakdown and downtrend is also supported by the moving averages on the hourly timeframes. Don't have any big positions as I expected it to retest the 114 breakdown level but it didn't happen 4H Timeframe View: FX:USDJPY tried to break the 200MA but it failed and continued its...
The USDJPY bulls failed to hold prices above the 113.25 handle on Friday. I mentioned this level on Thursday as one that stood in the way of downside targets. With the pair now well below this mark on a weekly closing basis, any retest of 113.25 will likely encounter selling pressure. I wouldn’t be surprised to see a reversion to this level given the fact the...
Bearish Scenario : Bullish trend line broken. Expecting 118 retest IF zone 121.6-121.9 is rejected. Bullish Scenario: If the zone 122 holds and closes above last high, possible long target 126-129.
Nice break out for gold 0.64% , reaching 1233.00. From here I expect Gold 0.64% to pull back to $1214-$1210 I plan to long when the profit taking pull back is finished, in area of $1210 with a target in the monthly pivot of $1237. Sell limit between $1237 - $1240 with a target of $1171. I will update a new Gold 0.64% chart as this trade plan manifest.
Bears remain in control, a correction is possible and then bearish continuation
GBP JPY Bears are currently dominant Pennant pattern formed Once broken out of, should fall down to next support level. REASONS FOR TRADE IDEA INVALIDATION - Upside break
We have now seen a running flat which normally leads to another impulse. We can clearly see that there has only been 2 impulses and that 1 is missing. Anyway, I will not be taking this trade as there are massive impact news that will cause massive volatility.
GBPJPY build this nice pennant. I'll wait for a clear breakout to see where price is going.
Here we are waiting when trend will end flat and only after we will open long position for our 60 pips... I hope its will work! Check my another Ideas here: goo.gl Good luck!
Difficult to see continued strength in aussie yen. Aussie pairs may be getting stronger, looks like a deeper correction may be in store for aussie yen. I would look for some kind of sell, perhaps steer clear.
NZDJPY looks like it may correct long on the daily chart, but be weary of any continued strength. NZD pairs are weak. JPY pairs are corrective. Looking for corrective strength and more downside.
Be cautious of a deeper correction with CADJPY. Other yen pairs showing signs of deeper corrections. CADJPY - Long on Long term, potential for Shorts in Short term.