(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) WE'VE BEEN WAITING FOR THIS RETEST OF CHANNEL TOP THAT WAS INITIALLY BROKEN - MORE OF A SUPPORT TURNED RESISTANCE, PROVIDED THE FAKE-OUT MENTIONED HERE IS TRULY ACTIVE. SO, TECHNICALLY SPEAKING, WE SHOULD HAVE A BEARISH MOVE ANYTHING FROM BELOW THAT CHANNEL TOP @1810/15. WE'LL TAKE...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) THIS PAIR IS TRAPPED WITHIN THIS ASCENDING CHANNEL FOR A WHILE AND THIS HAS BEEN QUITE INTERESTING TO TRADE. IN FACT, EARLY STRATEGIC ENTRIES FOR BUY OR SELL COULD GIVE UP TO 150PIPS PROFIT. I EXPECT THIS MOVE DOWN TO THE CHANNEL BOTTOM AND THEN A TIMELY BUY ENTRY FOLLOWS. THE CHART...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) TECHNICALLY, MY EMAs 5,20,50 ARE MY ENTRY INDICATORS, AMONGST OTHER APPROACHES I USE. SO, AS LONG AS SEE CANDLESTICKS RALLY ABOVE EMA-50, I WILL GO LONG WITH TIMELY ENTRY FOR 100PIPS AND I'M OK. THE CHART IS SELF-EXPLANATORY. NOTHING IS FIXED IN THIS MARKET. SO, TRADE WITH EXTRA...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) HERE ARE SOME OF THE REASONS GBPJPY MAY HAVE RESUMED ITS UPTREND: - UPTREND HAS LIKELY RESUMED AS THERE HAVE BEEN 2 REJECTIONS AND PRICE BACK ON EMA-50; - A SUPPORT FORMED WITH A DOJI CANDLESTICK ON EMA-50 (AS SHOWN WITH GREEN ARROW); - GBPUSD WILL LIKELY PUSH UPSIDE, AND GBPJPY...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) EXPECT CABLE TO MOVE UP AS LONG AS IT STAYS ABOVE @1.38 DAILY OPENING AND CLOSING PRICES: - LAST NFP NEWS MADE ***USD PAIRS REJECT THEIR RECENT LOWS WITH A "MASSIVE' PULLBACK UP; - DXY IS LIKELY ON ANOTHER BEARISH RAMPAGE AS IT RECENTLY HIT A MULTI-MONTH TRENDLINE RESISTANCE AND GOT...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!)\ >>>Read up my post on EURUSD, why I have gone long on it, and you'll understand this better.<<< ---DXY is key to knowing the performance of USD pairs in the market: EU (and other major currency pairs like AUDUSD) rises when DXY falls. ---As long as this DXY bearish bias is intact,...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) These are the key reasons I will go long on EU above @1.18: - DXY just encoutered a key multi-month trendline resistance and that can lead to its bearish move making EU pump up, amongst other ***USD pairs - EURUSD also touched a key multiyear trendline support and that is where we...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) GBPJPY WILL LIKELY BUY BECAUSE OF THESE REASONS: - 'HH' AND 'HL' CARVING ALREADY - PRICE BACK IN THE DESCENDING CHANNEL - PRICE IS ABOVE @153 CRITICAL SUPPORT - ***JPY PAIRS HAVE BEGUN THE NEW MONTH WITH BUY OPPORTUNITIES - PRICE IS ABOVE MY EMAs, BUILDING UP BUY PRESSURE ...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) AS FAR AS THIS PAIR IS CONCERNED, I AM NOT GOING SHORT YET. BUYERS ARE TRYING TO CLOSE AND OPEN PRICE ABOVE @0.700 AND I WANT US TO STAY AND WATCH. FROM THE CHART ANALYSIS, KNOW THE FOLLOWING: - PRICE IS STILL WITHIN THE SUPPORT AREA AS SEEN IN PREVIOUS PRICE ACTION - POSSIBLE "LH"...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) THIS ANALYSIS IS DONE ON H1 AND H4, UNLIKE ON D1. HOWEVER, NOTE THE FOLLOWING: - EURJPY MAY NOT BE THE FAST MOVING PAIR. SO, EXERCISE PATIENCE AND WATCH IT PLAY OUT - THIS COULD BE A TREND REVERSAL ABOVE A KEY PSYCHOLOGICAL LEVEL (@131) - MOVING AVERAGES USED ON THIS CHART HAVE...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) THIS ANALYSIS IS DONE ON H1 AND H4, UNLIKE ON D1. HOWEVER, NOTE THE FOLLOWING: - CHFJPY WHIPSAWS A LOT. SO, EXPECT CANDLESTICKS WITH LONG WICKS. - THIS COULD BE A TREND REVERSAL ABOVE A KEY PSYCHOLOGICAL LEVEL (@120) - MOVING AVERAGES USED ON THIS CHART HAVE CROSSED UPSIDE ON H1 TO...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) I ALREADY ENTER THIS POSITION FROM @154. BUT THERE COULD STILL BE A RETEST BEFORE FURTHER BREAKDOWN. WHY SHOULD YOU SELL BELOW @154? - A DOUBLE TOP GAVE BIRTH TO THIS SELLOFF; STARTED FROM @156 RESISTANCE, A MAJOR PSYCHOLOGICAL LEVEL (ZOOM OUT TO SEE!) - A KEY SUPPORT @154 HAS...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) ON JUNE 24, 2021, I TOOK THIS SELL POSITION @132.50 AND POSTED IT HERE AND WE MADE +100PIPS. NOW, I WANT TO SHOW YOU THE DAILY PRICE ACTION FROM THIS POST. POSSIBLE RANGING COULD BE @130 - 132 (BOUND BY THE YELLOW LINES) BECAUSE THEY ARE STRONG PSYCHOLOGICALLY LEVEL WITH 'ROUND...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) MY FIRST SELL ENTRY ON THIS PRECIOUS METAL WAS ON JUNE 14, 2021 @1872 EVER SINCE THEN TILL NOW, I'VE HELD MY SELL POSITION WITH TP1 HIT @1770 (+1000PIPS) I SHARED ANOTHER "GOLD - SELL" UPDATE RECENTLY AFTER THAT! I'M HEADED FOR TP2 @1710 AND TP3 @1610 (REASONS BEING THAT THESE...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) FROM PREVIOUS PRICE ACTION, EURUSD SEEMS RANGING WITHIN @1.198 - @1.888 JUST SEE THAT FROM THE YELLOW LINES (SOMETHING QUITE SIMILAR TO MY POST ON GBPUSD) SO, MIND HOW YOU SELL OR BUY THIS PAIR WITHIN THIS RANGING REGION. DISCLAIMER: DO NOT TRADE WITH BORROWED MONEY OR THE ONE...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) GBPUSD - TRAPPED WITHIN @1.40 - 1.38 AS INDICATED BY THE YELLOW HORIZONTAL LINES TWO WEEKS AGO, WE SOLD THIS PAIR AGGRESSIVELY WE LATER BOUGHT AND THEN WE SOLD AGAIN LAST WEEK WE MADE PROFITS ALL ALONG. AS YOU CAN SEE, @1.40 HOLDS AS A STRONG RESISTANCE WHILE @1.38 HOLDS AS A...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) JUST SO YOU KNOW THAT @133 (-- @132.5) IS AN ACTIVE S/R LEVEL . THIS PAIR RETRACED AFTER A HARD SELL-OFF LAST WEEK. SELL ENTRY 1 @132.50 CHOOSE YOUR RISK WISELY! DISCLAIMER: DO NOT TRADE WITH BORROWED MONEY OR THE ONE YOU CAN NOT AFFORD TO LOSE. FX IS A HIGH RISK HIGH REWARD...
(Don't forget to like this idea and follow me for more updates. Thanks alot!!!) A FRESH IDEA CAME JUST AFTER THE GBP NEWS ON RATE TODAY (GMT 12:00) - A REJECTION @1.40 PSYCHOLOGICAL AREA - A CONFLUENCE OF EMAs (20,50) FORMING ABOVE IT - THE REJECTION ZONE IS AROUND THE 50.0 FIBONACCI LEVEL SELL ENTRY @1.3950 SL @1.4020 TP @1.3810 TP @1.3700 CHOOSE YOU RISK...