FXKjell

FXKjell

On the 4H chart we do expect a Fib completion of the 'Bearish W' pattern, sitting around the Shoulder 1 region. We want to stay neutral and anticipate on the situation. A short set-up is possible if we break impulsively and retest with corrective nature.

FXKjell

We were making LLs and LHs on the Daily chart. Descending trend line still holding in my opinion (everyone draws it differently). The break of the last LH is more important. After the impulsive break we are currently in a correction. Market is preparing itself for a push to the upside. We expect it to form an Inverse Head & Shoulders pattern as confirmation.

FXKjell

I believe for now we are at a very interesting zone to buy USDJPY. Price is really struggling to get trough this zone like you see, it's holding nice as Support. If you look to the left, last time we were sitting here we did receive a pretty big push to the upside (1500 pips). Probably still some Buy orders to trigger there. Multiple Fib completions to confirm...

FXKjell

On the 4H chart we possibly can receive a Head & Shoulders pattern as confirmation. We want to see very corrective nature approaching our zone of interest or clear deceleration before considering a trade. Our zone of interest would be the 78.60 Fib. Clear Supply & Demand zone sitting around that region also. As i have mentioned before this would be a 0,5% trade as...

FXKjell

On the Daily chart we are still making HHs and HLs, that's my only concern right here. Also the ascending trend line is still holding. This would be a 0,5% risk position for me. We have multiple Fib completions, this confirms us a possible switch of momentum. We need more confirmations on the 4H chart.

FXKjell

On the Weekly chart, price is sitting at a very interesting zone to short. Very strong Supply & Demand zone acting as resistance since April 2020. Price is ranging between the 2 White boxes for around 400 pips everytime. There is a high probability that we hold this zone and receive downside momentum again.

FXKjell

It seems like we are forming a 'Bullish M' Pattern on the 4H chart. We have a clear Supply & Demand zone sitting at the zone of interest (61.80 Fib). We have an ascending trend line to protect our positions. Of course we always want to stay neutral and anticipate on the situation.

FXKjell

On the Daily chart we were making LLs and LHs. We broke the last LH and the descending trend line. It seems like we are now making HHs and HLs. We have received kind of a Double Bottom formation and we have rejected the Daily Fib. I will take a look at the 4H chart for more confirmations.

FXKjell

We have multiple indications for a long set-up on EURNZD. First of al we have received a Fib completion, which indicates us a switch of momentum. It seems like we hold the Supply & Demand zone as support. The Big driver is clearly Bullish. Everything between the 2 blue boxes can be relief for more upside momentum. We also do have an ascending trend line...

FXKjell

Sell Limit set.

FXKjell Updated 

Tagged in.

FXKjell

Buy Limit set.

FXKjell

2nd position of the year was a break even.

FXKjell

First position of the year. running 5%+ and took some lots out.

FXKjell Updated 

Involved

FXKjell

Missed my Buy Limit almost to the pip.

FXKjell Updated 

Will set my Sell limit if i see a nice 4H close.

FXKjell Updated 

Buy Limit set with 0,5% risk.