JustinLeeFarrell

PRO
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Last visit Joined 9 months ago
Markets Allocation
100 % forex
Top Mentioned Symbols
USDCAD 33% | 1 AUDUSD 33% | 1 USDJPY 33% | 1
JustinLeeFarrell JustinLeeFarrell PRO USDCAD, 60, Long , 8 months ago
USDCAD: USDCAD - Ace in the Hole?
49 0 1
USDCAD, 60 Long
USDCAD - Ace in the Hole?

1.2915 has been a tested level of support on this instrument, and due to the triple bottom that has emerged on the higher time frame, I believe it is a good opportunity to get long on this pair. 1st trade is slightly over 1:2 risk/reward, and my stop loss is chosen by means of the standard deviation from the hard range of the most recent consolidation phase . I ...

JustinLeeFarrell JustinLeeFarrell PRO AUDUSD, 240, Long , 9 months ago
AUDUSD: Aussie-Skrilla Key extension and resistance level
57 0 2
AUDUSD, 240 Long
Aussie-Skrilla Key extension and resistance level

The double top formation, which is circled on the left shoulder, is a major point of resistance and support on multiple points in the entire instrument. This point is also a 2.414 Fibonacci extension level. Also, on the 4 and 1 hour charts, there is a Deep Crab harmonic pattern, which would suggest a possible bullish rally. I will set my stop at 0.71206 since ...

JustinLeeFarrell JustinLeeFarrell PRO USDJPY, 120, Short , 9 months ago
USDJPY: Make or Break USDJPY
65 0 3
USDJPY, 120 Short
Make or Break USDJPY

If the trend stays inside its bullish leg then it might find resistance @ 109.929, which is another resistance level on the left side of the head. If it breaks its current trend then it could start to deviate into a bearish leg. Look for volume, and proceed with tight stops. Also, look for the directional move, upon market opening, for sentiment.

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