aN00bis_FX

aN00bis_FX

USDJPY has been bullish for a long time now (hence I am more bias on going long rather than short). Still, the movement of the price in the past few days makes me want to re-evaluate my view. As you can see from this H1 graph, a possible channel is about to be formed. Both trendline (blue) are clones to ensure the angle of the line is uniform. Not only that the...

aN00bis_FX

This is a simple setup that I notice on USDJPY (H1) First, there are two lines that are very obvious that I consider to be a critical hotspot. (Resistance @ 120.70 & Support @ 120.80) 120.15 is a good line to be considered as a strong support as well, but it has been penetrate twice previously. The rest is stated clearly on my graph. WHAT I AM GOING TO DO 1....

aN00bis_FX

As stated in the graph above, price has managed break free from the channel. Price tried to enter the channel back (retest) and yet failed to do so. As you can see from the graph above (based from the price action and Kumo cloud), there's a clear support @ ~1191.00. In my opinion, price might consolidate for awhile. I will wait for the price to move below the...

aN00bis_FX

WHAT I SAW 1. A strong Resistance @1.2363 2. A possible Head & Shoulder pattern forming WHAT I'LL DO 1. Place an alert @1.2365 2. Will go short with small SL once a new bar is formed below this level

aN00bis_FX

This is a simple setup that I saw WHAT I SAW 1. Since 7/11/2014, gold has been in a clear and noticeable up trend. 2. As you can see, I draw two trendline (both are clone) and the price has been respecting both of this line as its support and resistance. (Except during 28/11/2014 - perhaps a news effect? I don't know) WHAT I'LL DO 1. Already went for short at...

aN00bis_FX

This is a very simple setup that I notice. WHAT I SAW 1. A strong historical Resistance Line @ 1.0755. - It has been tested multiple times in the past. - Again tested twice recently (previous week) <-- Which is for me a pretty good & fresh data - It is a psychological number 2. An inside bar (Last Bar) 3. Major Trend is Bearish WHAT I'LL DO 1. Create an...