Since today is Monday, I just watched the market (as always). Everything has been just in a consolidation from my favorite pairs. However, I see #USDJPY hitting 112.000 area again. Currently this pair is in bearish trend but as it makes it's way up, I will closely watch it so see if it continues it's bearish trend from 78.60% retracement. 1Hour Ichomoku also...
Here we have a simple break and retest of the CTL. Took a small position with small RR.
Here we have on H4 resistance rejections with retrace on H4 time frame within the cloud. After failing to break topside from the cloud to bull, it broke bearish which formed a kumo twist with bearish confirmations. On H4, we also have clear and free Chikou span which I use as my confirmation aswell as other confirmations. I've taken this trade off H1 with a very...
If you saw our analysis on CADJPY previously, it played out perfectly. I have taken a small sell here with tight SL because SL is few pips above flat Kijun and TP matches with -27% as we had pointed out an earlier Extended TP.
NZD Cash rate speech crashed NZD completely. Here we have huge resistance where price has ended up so I believe since #EUR is also weak, we could see some good gains shorting this pair. If this stops out, I will be entering once it rejects from September 2015 resistance.
Here we have EURUSD, it created new LH and rejecting from 50% fib retracement, so either you take 30 pip sl and chase 4.93 % RR or you just wait for NY to see if USD is going to lose more or going to gain. If in London EURUSD don't create new HH then it's good to enter when you see fit.
Here it seems that EURCAD just created a new LH and now we should be falling as it is rejecting from 61%. I've placed a Sell Limit order with much tighter stop loss and a huge tp giving it 5.55% RR!
As predicted last week, If you guys held onto the trade, you're still in profit, I've adjusted my entry and tighten better SL.
Just as mentioned in previous post, we also traded this for Aussie news as pound has been weak for quite some time over brexit issues and much more.
We traded this yesterday for AUD employment news, saw a push coming and fundamentals were strong from last time's report with much higher than expected jobs. We assumed this news would be good aswell and it sure was. Less job created and unemployment rate dropped 0.01% We should see now Aussie rally up against Canadian Dollar.
It seems that Trump has announced that he doesn't see anything coming out of this week's trade wars. Technicals we have is 4h bull kumo twist and a bull breakout. This pair will be recovering all the losses in no time.
Here we have Kiwi breaking out of cloud with a Bull kumo twist on 4h, I have marked potential Take profits. 1Hour is holding price around Kijun and on Daily we have yesterday's candle ending above Tenken and below Kijun, since Kijun is still flat, I believe with the weakness of Canadian Dollar, we could push this pair upto the recent highs.
Along side weakening USD there will be good amount of volume on Gold as it has suffered the most. I am seeing just a nice bounce trade off 1H
Posted few days back and that is still running into profit. However, I have been adding additional positions to this and as it keeps dropping, I will be adding more on retracements.
#USD #FED Powell under pressure since Trump wants to short #USD even though Fed is independent? Hmm! Here we have USDCHF Broke out of the gonorrhea (consolidation) disease and now I am aiming for multiple take profits at the zones till the final TP. Since #CHF is Bull, it will be wonderful to see where this goes.
EURCHF has broken out of cloud with Chikou span free with bullish TK Cross and Kijun is also not flat. It also aligns perfectly with zone to zone.
It seems like we can be witness of a nice bounce trade for Kiwi Yen. We have Chikou span that is free with Bullish TK Cross and future indicating more bullish run ahead of us.