I’ve been gone for a while ! My last trading day of the year ! Managed to catch shorts on UJ for a solid 145 pips with FOMC. Could expect UJ to crash for the rest of the day unless price decides to range once volume dies out. Solid RR as always ! Hopefully my set ups throughout the year provided some type of educational knowledge or edge to help with your trading...
My last GJ position closed out in profit. I decided to go short once again on GJ after price respected a bearish trend line while still maintaining bearish structures. Expecting price to eventually tap around the 184.500 level. Price has been ranging between 188.270 and 184.500 so we could still expect price to continue pushing to the downside for the week.
With Eurcad being bullish and closing above 1.48740, I’m personally looking for price to give some type of pullback before going long. If the daily continues to stay above 1.48740 longs to 1.51000 would be my priority. We’ll see where price goes.
Just went short on GJ for a possible 1:4rr. After seeing price flip on the 15m time frame at a level of resistance being 188.270 I decided to go short. If price continues to crash we can expect GJ to range between 188.270 and 184.350. Last week GJ did end bullish after breaking and retesting 183.695. With that being said longs at 184.350 and 183.695 are still possible.
I’ve decided to go short UJ! Price is currently at a major support level that has been flipped as resistance ! My original short entry on my last UJ short post broke even. Not only has price used used the major support as resistance but price even failed to retest the level on the hourly to confirm the push back to the upside. I like to see retests of major levels...
Just went short on GJ ! Posted a short set up earlier and stated I wanted to wait to see where price was at during London session. Entry is a retest entry. Personally looking for a 1:4rr. Targets are below at the next level. We’ll see where price goes.
With GJ showing bearing structures and crashing back down to 185.763 I’m personally waiting on price to retest 185.763 before looking to go short on the pair ! If all goes well I’ll have targets around 183.695 and stops just above structure. We’ll see where price is during London.
Yesterday I published a post on UJ. I stated price was at a major support level being 149.277. I was waiting on price to close and stay above support on higher time frames. Instead higher time frames showed a flip on both monthly and weekly time frames after respecting resistance at 151.745. With higher time frames shower major rejection from resistance along with...
EJ is another pair that ended last week in a bullish run. Personally looking for a weekly pullback before possibly continuing those longs. There’s a level at 161.100 I want to see price either respect and continue going bullish or wait on a flip to confirm a break of structure and potentially get into some shorts with targets around 159.800. We’ll see what happens.
EU last week ended on a bullish run after respecting support at 1.05116. Price started bullish structures around 1.06750. Looking for a weekly pullback to 1.07400 before looking to go long. Targets would be the last high at 1.09000. At this point price is still ranging between 1.05116 and 1.10245. Personally looking for longs until price can tap back into 1.10245.
On the weekly time frame price pulled back around 1.47100 and continued bullish from there. We have yet to have a pullback week so I am expecting price to have a pullback week to a daily level of resistance being 1.47900 and continue bullish structures from there. I personally won’t be getting into Eurcad until price can either respect the pullback and continue...
Last week UJ ended bearish after respecting a major resistance level at 151.745. Price ended last week above the weekly support being 149.277. If the new daily and weekly candle can continue to stay above 149.277 with MORE bullish structures, going long would my priority. I might give it until Tuesday-Wednesday to determine where price is heading.
November 14th I dropped a short set up on UJ and stated my reasons for going short. Yesterday I executed the trade and sent it out as well ! Targets were hit around 4am! A solid 1:3:rr secured. 681 pips secured for the week and 0 were lost! At the moment UJ is currently at a weekly and daily resistance being 149.277. Price can either continue crashing from here or...
I posted a UJ short set up stating that UJ had closed under 151.745 on the weekly and daily time frame confirming the range continuation between 151.745 and 149.277. I said I wanted to see around 151.500 before going short. Once price tapped into 151.500 I waited to see some type of flip to confirm the change in direction. Entry was a break out entry with stops...
On my last EU post I stated why I was looking to go long on the first entry. Second entry will be another buy. EU is still ranging between 1.10245 and 1.05116. Price gave bullish structures after respecting 1.05116 to confirm the push to the upside where price could potentially tap back into 1.10245. For now I’m looking for price to pullback and retest 1.07400...
Longs on EJ are still in play. On November 8th I dropped a buy on EJ where targets were smacked. Another long could definitely come in play as long as price can successfully pullback and retest 161.100. There’s also a daily resistance at 160.500. If price crashes farther below, 160.500 would be my last buy area. I’ll be targeting the last high for targets if all goes well.
I’m still personally looking to go long on EC after hitting targets on the first buy. Higher time frames are still bullish. I’m just personally waiting on a daily pullback to 1.47900 before looking to go long. If all goes well I’ll look for another 1:4rr!
With UJ daily and weekly respecting and closing underneath 151.745, I’ll personally be looking for price to pullback around 151.500 before possibly going short for a 1:4rr. If confirmations for shorts present themselves price would confirm the range continuation between 151.745 and 149.277. We’ll see what happens.