FXLYJ

FXLYJ

No explanation required. Let's watch and see

FXLYJ

I will be looking for a short, however will it be too early? I will try a small position with tight SL on the minor. Let's watch and see, but more downside is on the way.

FXLYJ

Follow up with last week's plan, I will be looking for a long.

FXLYJ

Many will fear the PB on 9 May 2018, followed by a very bearish candle the very next day. However on Friday we see a slow down in the sell down within the zone. Is it a smart move to wait and trigger a long at the bottom of the zone? I see more upside than downside for now. We shall see, but SL to be around 42 pips away with minimal risk to this trade.

FXLYJ

Long had been triggered on Friday and the immediate zone is holding well for now. However I will most likely look to take profits at the first major above, and if the movement is strong, we might see more upside. Otherwise, we will wait and watch for an opportunity.

FXLYJ

As shown on the chart, triggered a long at the bottom of the zone as it fails to break. However with a tight SL due to the approach which the price arrives at the zone. Let's watch and see.

FXLYJ Updated 

The structure is still bearish on D1, better to ride the price down. Opportunities to go for a fast long is still seen, however the risk to reward is slightly off the balance.

FXLYJ Updated 

Short is better than long unless the immediate major zone above is broken and hold above. The risk for this trade can be minimized due to the tight SL that is probable in this scenario. Let's wait and see when market opens to decide.

FXLYJ

Last week's movements respected the major zones however it also respected the bearish structure. It is clear that the down move is losing strength however it is still early to decide on a long or short. Stay on the side before taking on a position.

FXLYJ

Movement seems to continue going down as per arrow drawn before any strong buy orders taking place. However it will require time for this pair to actually play out. If price is unable to break the immediate zone, might be probable to look for a long in the middle.