Traders, Even though you can judge a correct direction from current situation for any pair, you could still loss money becoz of your lots size or risk management. Its all about patience and risk control. For gold, our last chart did say that it has a red support line and some doji on daily chart prove us right. And gold has pulled back above 1300. But we did not...
Traders, To us , GBPPJPY is bearish on weekly chart, pls check it by yourselve. Bur on daily chart, we are still waiting for the entry signals and still holding long trade entered at 148.3. 151 is one of the possible final long trade target or weekly short trade entry. 152.6 is another possibility for weekly short trade entry. So the plans look like...
Traders, This is a trade on our plan list. Short from the top down for 430 pips. Entry is not triggered yet. D as target could go deeper then what we mark on this chart. Less is more!
Traders, AUDUSD is facing a blue zone support after ABC descending down for last 2 months. This is good news for some one who want to find some bullish pair. But bad news for cross-currency EURAUD OR GBPAUD. Pls check them on weekly chart, then you will see a long journey for them to drop. For the correction ( so far considered as a correction), we are looking...
Traders, On weekly chart, no sign for correction. So plan for next week is to find out short signal on 4H chart to follow the trend. Becoz there are above 200 pips from the current position down. Less is more!
Traders, On daly chart, USDJPY hit 111.4 round now is pulling back. The blue trendline is still valid and the red zone round 110 is the assumed support zone. Our last long trade on USDJPY hit TP1 WITH 150 pips, that trade is now holding without risk becoz we have our stop loss move to our entry . On weekly chart, we have an unfinished potential reverse hammer....
Traders, We have dxy and gold's charts here. Both have weekly and daily chart. On the very moment, both DXY AND GOLD is facing a structure on weekly chart. On daily chart, DXY just finished a reverse hammer, bear sign ,but only for a possible correction to start. While Gold has 3 daily doji on the long term support line. Considering rarely fundamental triggers...
Traders, ETHUSD is showing us the end of corrective wave by some bullish candlesticks on daily chart. This could be another bullish main wave 3 up to hit 964.7 ( FIBO 1.27) again. Less is more!
Traders, BTCUSD has experienced a really long time sideways movement. Two trendlines are guiding both buyer and sellers. For this moment, we are on the buyers side that we would like to follow current view that BTC is hard to drop down to test price below 6k but to correct after breaking the green descending trendline. Meaning we want to see a retest of 11k...
Traders, This is a trade based on daily chart and using weekly chart to find out its targets. Max 500 pips for you. But you need to hold it for few weeks. Now we are waiting for the entry signal on 4H chart. Less is more!
Traders, On weekly chart, we have a short trade entered last week at 1318, holding it with two targets hit already. And the trend is now on no risk becoz we have our stop loss move to our entry . On this daily chart, a possibility of correction is clear after sereral doji appeared. We are waiting for entry signal again to add a new short trade during the second...
Traders, There are 4 charts here for different currency. And we are going to use all them to decide which pair we should enter to short. This is an advanced trading logic for cross-currency pairs. AUDUSD: There is a broken trendline inside the channel, indicating that a small correction is coming or reflection point on the channel, whatever. They all are...
Traders, We have a green broken trendline for BTCUSD , suggesting that a slow rising up is more prefer for current situation. And check this daily ( left) chart, you can see that dark blue zone is still valid as a support zone. In that case, we will consider this is the end of the corrective wave and a new main ascending wave is coming later. Check the 4H...
Traders, AUDCAD has a broken trendline which is not too clear so far. This could be a start for a weak correction. On wkly chart, we still prefer to short it at the end of the correction. Less is more!
Traders, GBPJPY is still bearish on weekly chart, the bear signal is still valid on weekly chart only. But right now we are going to see a corrective wave back to 150 .7 first as GBPUSD is correcting and USDJPY is climbing slowing. Considering the broken weekly trendline,on weekly chart, we would like to find out a short signal on daily or 4H chart later to see...
Traders, This is a trade now is till on its way up. The support line for USDJPY is still valid up . And on weekly chart, we do not see any bearish sign on last 3 weeks too which is supporting the idea that support line is still valid. 111 -112 is a conservative targets for later 1-2 wks. 114 is the aggressive one . Less is more!
Traders, Our short trade hit tp1 and now is suggested to close it becoz a potential morning star appear on daily chart. A retest of the light blue zone is possible , or a higher position like 11k is for a more aggressive target coz that could be the end of a real wave 3. Less is more!
Traders, For EURUSD , on daily you could see a corrective wave is coming soon, the end of the corrective wave could be the blue zone. You should check your entry and your stop loss to make sure that you can calculate out your lots size to trade on such correction under your risk control if you want to take a trial on this trade that against the trend of weekly...