Mbjoey

Mbjoey

Price has broken the 1.21300 area, a retest of that same zone and its rejection to confirm continuation will be a good entry point. Better to let market tell you its flow and you respond to it rather than attempt to predict it. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due...

Mbjoey Updated 

GBPAUD currently for me in a neutral phase. A break above the 1.90719 and its retest, I will look for a long position while a break below 1.89722 and its retest will indicate a short. Until then, fingers crossed Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...

Mbjoey Updated 

At the moment, I think it will be too soon for me to say there would be a reversal or a continuation, however a breakout on either side is what I'd love to see before taking a position. A break above the and its retest, 2.04919 I will go long A break below the and its retest, 2.04036 I will go short. Until then, fingers crossed Disclaimer: All trade ideas are...

Mbjoey Updated 

Already broke out of the consolidation phase and looking sweet for another short to continue with our existing short Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results

Mbjoey

Not on my favorite list but this looks like one of my kind of trades ;-) Anyways, a break above the 1.66521 upper zone and its retest will mean a long position A break below the 1.64735 lower zone and its retest will mean a short position Until then, we keep the fingers crossed Disclaimer: All trade ideas are given for educational purposes and should not be...

Mbjoey

Price have been in a bearish momentum for a while now. Although it is too early to say, price looks like it is forming a double bottom at this time and if that holds, we just might see a push up towards the 1.27500 area. But then again, it is too early to decide that as price could continue to push lower. Before I make a trading decision, either bullish or...

Mbjoey

This will be the 3rd re-entry on this pair. If the broken support holds as a new found resistance, we just might see some lower lows. Fingers crossed.

Mbjoey Updated 

My initial entry was at 1.98235 after breaking out of the consolidation area, we saw a continued drop till it broke through the 1.96611 area. As it stands, we have a pin bar on the H4 at same area as a retest for the continued downward move which shows some rejection of the area. If I see some bearish pressure further at this area, I will take a sell. We wait for...

Mbjoey Updated 

Price seems to be stuck in a consolidation phase ranging between the 1.27873 and the 1.26639 zones. Although on the higher time frame (weekly) price seems to be making higher highs I would rather wait to see a breakout of the consolidation range before taking any position. Waiting is good trading strategy Disclaimer: All trade ideas are given for educational...

Mbjoey Updated 

We wait for the right move Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results

Mbjoey

If DXY is able to break above the zone, then we will see a further push to the lower side on EURUSD, however if that fails and we see a push below the 102.777 area, then EURUSD may gain some momentum. We keep our fingers crossed while watching the market for its next move. Disclaimer: All trade ideas are given for educational purposes and should not be treated...

Mbjoey Updated 

Finally EURUSD to up the short position. This may not last for too long so if you're in this, manage your position and always breakeven once in some sizeable profit. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results

Mbjoey

Market has been slow in the last few days, a few good moves here and there but generally slow. Hopefully with CPI and Unemployment claims coming out later today, market should pick up. Trade carefully and patiently. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past...

Mbjoey

For me, I'm still neutral for now. Before taking any position on this pair, I will want to see a break above the 1.10432 and its retest (for a long) or a break below 1.09523 and its retest (for a short). Until then, we wait. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due...

Mbjoey Updated 

Market setting up for a drop. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results

Mbjoey Updated 

Looks good for a short at this point. Disclaimer: All trade ideas are given for educational purposes and should not be treated as an investment advice, hence do your due diligence. Past results does not guarantee future results

Mbjoey

We have been in a short position on this pair for a few days now and so far, we are at 125 pips in profit. However I expect another retest around the 1.11112 zone and if it holds, the bearish move continues which means another opportunity for a re-entry

Mbjoey Updated 

I normally don't trade UJ however for the benefit of those who do, thanks to a friend's request to take a look and share my thoughts, here is what I would normally look for, a break above the 139.134 zone and a retest of same area, will set the pair up for a nice long position. A break below the 137.296 area and its retest, will set the pair up for a short. For...