FX_Trader

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About me Swing Trader
Joined USA
Markets Allocation
100 % forex
Top Mentioned Symbols
AUDNZD 33% | 1 USDJPY 33% | 1 GBPUSD 33% | 1
FX_Trader FX_Trader USDJPY, D, Long ,
USDJPY: USDJPY Resting At A Confluence Of Support
212 2 1
USDJPY, D Long
USDJPY Resting At A Confluence Of Support

USDJPY has bounced of the 200 Day Simple Moving Average and is currently resting on an area of support populated by several previous lows. Buying at current levels with a stop below the lows offers a good risk/reward opportunity for long positions.

FX_Trader FX_Trader GBPUSD, 240, Long ,
GBPUSD: Good Risk/Reward Opportunity
37 0 1
GBPUSD, 240 Long
Good Risk/Reward Opportunity

Buying the dip in the GBPUSD. Risk/Reward - 1:3

FX_Trader FX_Trader AUDNZD, D, Short ,
AUDNZD: AUDNZD Approaching Sell Zone
37 0 0
AUDNZD, D Short
AUDNZD Approaching Sell Zone

AUDNZD has found a level of resistance around the 1.09 psychological level that is also home to the 38.2% retracement of the decline from October 2013 to January 2014. If we see price continue to rally this could offer us a good risk/reward entry with a stop at 1.0950 as we look for the overall downtrend to continue. Initial target at 1.0675 would give us a 1:2 ...

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