EurJpy has been a laggard compared to the other currency pairs. Take this to your advantage since AUDJPY has fallen, NZDJPY has fallen, and CAD JPY has fallen. EurJPY has just broke both trendline and you can get in for atleast 1:1 ratio and maybe even more. Goodluck Traders
On this chart I have a guaranteed 4.5% win with a possibility of making 30%. I have my entries on the chart and my zone for take profit. If I had closed my trade at 87.0 I would have made 15% but because of that unfortunate bounce I'm currently sitting about 6%. I entered a 3rd position on the rebound and have my stoploss in overall profit.
NzdJpy has 2 selling scenario's based on last weeks bearish reversal candle. If we enter short at the todays open, we would have atleast a 1:1 risk to reward ratio. I've entered medium size short because I'm confortable with a large stoploss. If you want to wait, you can enter at much better price right by 82.8-83.0 which will give you a 2:1 ratio and even more...
BOOM SELL THIS BABY! Broke through trendline.. Dollar is exploding higher.. Time to get in or wait for a retrace
CadJpy is facing a resistance trendline and is still currently in a monthly bear trend. However other XXXJPY pairs look to be reversing into a bullish trend. I will open a short position here and close it for a moderate target since cadjpy could be reversing line other XXXJPY pairs. Will be looking for target at 77.0
chfjpy looks to have broken out of the monthly trendline. However, chfjpy is overbought currently. I took profit on my long and will be selling this pop in order to rebuy it lower
Nzdusd has broken out of my trendline with a bounce off .618 fib support. Could be a great long to test last high and future break.
I published this chart on the daily and want to watch this on the 2 hour timeframe. Cha-Ching?
Posting this for fun/ Crazy IDEA! AB-CD Pattern? Bounce off trendline? Then Break's lows and down to .68355?? I do not think this will happen! But why the heck wont I try for it!
We have just broken a 2 month trendline and I am hopping in this Short position. Currently both AUD and NZD are both strong currencies but I'm hoping that this break of trendline shows the next longterm cycle. this trade could bust for -35 pips or it go down pretty hard. Goodluck trading
Continuing my short from last week by selling the retracement. Take Profits near .92800
nzdusd has been in this bearish channel for a while. On the daily timeframe yesterday, price action closed as a green doji. This trade is considerably risky but I am betting for a retracement for nzdusd. Current price is near monthly trend line as well.
Hey guys, EURJPY is breaking out to the downside. We have a series of lower highs on the 4 hour time frame and a potential AB-CD pattern. Will be taking this trade, 150 pips potential with 50 pip stop loss.
CADJPY is in very bearish territory facing a triple top near resistance trendline. I was expecting cadjpy to breakout to the upside like usdjpy but it did not. With this lower break which just happened. I am confortable to enter a larger than normal trade for selling it. I am expecting good pips on this trade.
Monthly reversal with potential triple bottom. I am expecting a bullish breakout to 105 level and 106 level. I will be buying dips for the longterm.
On the Daily time frame, NZD has broken below trendline and we are expecting NzdCad to go down over the long term. For this trade, we are selling a retracement back into .95 area. Our take profits will be at last support near 0.93 ; stoplosses should be above last high of .959
Last Friday, I entered a short on usdcad at 1.323 as it hit my 1.272 fibbonnaci from Point 1 to Point 2 (last high from 1.276 to 1.314) We also have a double top and potentially a triple top in this zone. With the fed rate hike decision this week, we are either going to go back down to hit bottom of trendline or we are going to see a break above the channel. Best...