Peluang beli di zon 0.765. ZOn ini bertindih dengan POC yang merupakan support kuat. Beli di zon ini ada sedikit risiko kerana harga mungkin akan menjunam untuk menguji aras 0.75. Namun demikian, apa kita boleh buat ialah menunngu bulis rejection candle muncul.
During the Asian session, we saw some strength in the AUD caused by the better than expected Trade Balance and some weakness in USD post FOMC statement. 0.77 is a level where the price will be rejected. Hence, it should be good level for us to exit our position
My trading strategy:
1) Find the strongest and weakest currency for the day. If we pair the strongest with the weakest, there is a high probability that the price will continue to move in that direction.
2) Use channel to confirm the direction of the trade.
3) Determine if it is a valid breakout.
4) Make sure price hasn't moved too far.
5) Set my SL and...
I have seen the weakness in USD and strength in JPY during the ASIAN session. I wanted to enter a short a position at 114 but the price did not retraces back to that level. As a result, i missed that trade. Going into US session, it seems that USD continued to weaken against JPY. Therefore, I decided to take short trade at 113 level. Target is about 100 pips.
GBPJPY and GBPCAD were in my radar at the start of London session.I chose GBPJPY because JPY was much weaker than CAD at the time of entry. In the end, it turns out that both pairs were not too bad. I am targeting a 1:1 risk reward ratio but i will be extra careful when price reaches 142.