M-royce

M-royce Updated 

The CadJpy has been very bearish (down-swing) from 2/Feb until 19/March and price started to retrace since then. 85.92 - 85.21 is the key area of resistance, which is also the 50% - 61.8% fibonacci area. I am looking for a sell if price can break yesterday candle's low. My position : Entry : 84.85 SL : 87.55 TP : 80.80 ** This is not a Buy/Sell...

M-royce Updated 

The AussieUsd is going through a series of Lower lows and Lower highs. A Pin bar is spotted on the Daily Timeframe rejecting from the trend-line resistance highligted in Blue. We "may" see the Aussie to fall from this Pin. p/s: I have yet to decide how to trade this Pin. Shall see the pricing when the market reopen tomorrow. Will keep you updated.

M-royce Updated 

The EurGbp is basically moving in a range on Daily timeframe and 0.8690 - 0.8736 is the area of support which had tried to hold the price multiple times since September 2017. A Head and Shoulder pattern can be spotten on the 4hr chart. My position : Entry : 0.8719 SL : 0.8669 TP : 0.8794 p/s : Not hindsight, I wasn't at home and not able to publish my trading...

M-royce Updated 

The EurUsd is at the key horizontal support (in red) and long term uptrend support (in blue). The Euro got pushed higher last Friday and we "may" see the EurUSd going higher from this rejection candle. My position: Entry : 1.2277 SL : 1.2237 TP : 1.2337 ** This is not a buy/sell recommendation ** ** Please do your own due diligence **

M-royce Updated 

The UsdJpy break and closed above the trend-line resistance on 28th of March. The price has retraced since then and retested the trend-line which act as a support now. The UsdYen got pushed higher yesterday but it did not provide me with a good signal to go Long. Fortunately, the UsdYen dropped again just now and a well-defined Pin bar can be spotted on the...

M-royce Updated 

The area between the two red lines (1.8420 and 1.8142) is the stronge area of resistance on the Daily Chart . The Pound fell against the Canadian Dollar last Thursday and closed that trading day below the 1.8142 key level with a strong bearish candle. The Pound had since recover a little and retest the 1.8142 key level with a long tailed Pin bar that create a...

M-royce Updated 

The Dollar Index got rejected from the 90.97 - 90.95 key resistance area two weeks ago. And it started to retrace higher since 7th of March and I am selling to anticipate the right shoulder to form. My position : Entry : 90.00 SL : 90.75 TP : 88.87 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY....

M-royce Updated 

The EurUsd is in an uptrend and 1.2153 - 1.2208 is the key support area on Daily chart. Price got rejected from the trend-line support with an engulfing candle formed yesterday. My position : Entry : 1.2341 SL : 1.2227 TP : 1.2512 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will...

M-royce Updated 

The EurGbp has been moving sideways since September 2017 and price is boucing between 0.8720 and 0.8967 key levels. A long tailed Doji or I would considered it as a Pin bar was formed on last Thursday, rejecting the price from the 0.8720 key support. The Pin was followed by another bullish candlestick, which complete the classic "Morning Star" pattern. My...

M-royce Updated 

The GbpUsd is in an uptrend. The Pound surged higher against the Dollar and broke the counter-trend line two days ago, followed by a pull-back bar to retest the trend line which has now become the support. Will the Pound continue to move higher after breaking the Doji's high that formed yesterday? My position : Buy Stop Order : 1.3998 SL : 1.3908 TP :...

M-royce Updated 

1.3191 - 1.3110 is the key area of support/resistance. The GbpChf has been very bullish since 5th of March but we can see that the buying has becoming weaker in the recent days. A Doji was formed yesterday showing the indecision of the market. Will the Pound fall against the Swiss Franc when price break below the Doji's low? My position : Entry : 1.3144 SL...

M-royce Updated 

The UsdCad has been very bullish in the recent weeks but 1.2922 - 1.2878 is the key area of resistance whcih we should be paying attention to. Price got rejected earlier this week and trying to make another attempt but failed to break higher. Another bearish Pin formed yesterday, higher chance that we may see the UsdCad going lower from here. My...

M-royce Updated 

The NzdUsd is still in an uptrend. 0.7214 - 0.7176 is the support area and we can see buyers start coming-in last Thursday trying to push price higher. The NzdUsd starts to retrace and two Pin bars can be spotted on the 4hr timeframe, forming side-by-side, with the second Pin making a false break. My position : Entry : 0.7222 SL : 0.7162 TP : 0.7312 ***...

M-royce Updated 

The EurUsd is in an uptrend, price got rejected from 1.2258 - 1.2195 support area (Daily Chart) with a strong buy last Thursday. Price retraced slightly today and Pin bar can be spotted on 1hr timeframe rejecting from the 31.8% fibonacci level. I missed the first Pin but price came down again with another Pin rejecting the first Pin bar's high, allowing me to...

M-royce Updated 

Shorted the GbpAud to anticipate the right shoulder to form (Head and Shoulder pattern), rejecting from the resistance area. My position - Entry : 1.7785 SL : 1.7885 TP : 1.7635 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will accept no responsibility for any losses you may incur. Do...

M-royce Updated 

1.5588 and 1.5544 = Resistance area on Daily chart Price broke trendline last Friday, forming a bearish engulfing pattern. Went Short when price retrace higher. My Position : Entry : 1.5600 SL : 1.5680 TP : 1.5480 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will accept no...

M-royce Updated 

1.5588 and 1.5544 = resistance area on Daily chart Price broke the trendline on last Friday, forming a bearish engulfing pattern. Went short when price retraces higher Entry - 1.5600 SL - 1.5680 TP - 1.5480 *** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. *** *** I will accept no responsibility for...