benjaminhay

benjaminhay Updated 

Just yesterday I opened a buy position on XLM after last week peek and pullback. Strongly correlated to XRP, it will follow the price movement after the judge concluded on the fact that XRP is not a security.

benjaminhay

Last time, market just closed my trade on a candle wick. Price retested a strong support Also CAD CPI is less than forecast and BoE is likely to increase rates again at next meeting.

benjaminhay Updated 

Buy order just got hit on US CPI news. Price seems to be in area with many confluences for a swing low and a buy entry, many price support, trendline support and 200 EMA-4h. Also volume was decreasing (on daily chart) during this bearish trend while candles were getting bigger, good sign for potential reversal. We'll see how it plays

benjaminhay Updated 

Volume is decreasing a lot on the daily timeframe which does not reflect price movements Also price is testing May ATH and a resistance trendline, so I believe that there is liquidity above the arrow and once price touched this area, it will bounce. BoC Interest rate decision is in 20min and I expect CAD to gain strength, but I could be wrong, it does not matter....

benjaminhay Updated 

big resistance trendline broken on the daily chart. price pulled back on this support on 4h, making higher low higher high, accumulation of the price and breakout. I have entered on retest.

benjaminhay

For this month of july, I will trade with this strategy to avoid trading in accumalation and distribution phase of the market. Analyze on weekly and daily, mark supports, resistances and trendlines on daily Mark short-term trendlines on 4h and wait for break and retest of accumulation or distribution zones. AUDNZD is a nice exemple for this strategy goals are...

benjaminhay Updated 

Nice breakout and retest of the trendline, price attempted to break once the resistance. Entry on 50% fibo retracement, sl on previous low. The price rebounded for a second time on the 200 EMA daily and is about to break 200 EMA 4h trade management: move stop loss by 1R after candle closes above a new R

benjaminhay Updated 

After nice break of the resistance trendline, price pulled back. Buying is good according to COT data and fundamentals. Management: move stop loss by 1R after candle closes above a new R Got almost wiped out on the entry lol

benjaminhay

For the 4th time, usdjpy rejected the bottom of this chan. Looks like a double bottom has formed but I prefer trading price action so I'm more focus on the double pin bars. JPY is still heavily shorted by institutionals according to COT reports.

benjaminhay Updated 

EURJPY is going to retest the top of the triangle so I extended my sl to not be liquidated. The pair can plummet if there is selling pressure on this resistance or it will breakout and continue de go up. I could be wrong on my short. COT data and fundamental favor EUR long and JPY short but, will see where it goes.

benjaminhay Updated 

I'm shorting this pair for more than a week now. The trend is still down. Institutions are massively shorting AUD. Actually the pair is in range but it's going to breakdown next week.

benjaminhay Updated 

US dollar continue to weaken after data of the weak, US indices are up (strong correlation to AUD and NDZ). Price is tightening and is about to break the range. Target: 0.6500

benjaminhay

EURCAD pair nicely retested and rejected the range zone with a pin bar following by bullish candle. Institutions are long euro and short cad and retails are shorting according to myfxbook sentiment indicator

benjaminhay

I'm not a big fan of buying the YEN and shorting the EURO but, this lower high could lead to a pullback after the rise of majority of JPY pairs

benjaminhay

Price has shown a lot of rejections on this daily level (132.70) and started to form a pin bar. I am very bullish on the dollar. This pair could fly at the next FOMC meeting, next wednesday.

benjaminhay Updated 

For me, all JPY pairs are high, a lot of pairs have already plummet excepted GBPJPY so it has better risk reward. Also a big pin bar as formed and it's a price action signal I like to trade.

benjaminhay

Just opened a short trade. AUD and NZD are well correlated to risk assets and sentiment seems to be risk-off lately (stocks down, USD,JPY up). I will pay more attention on this trade next week because of the FED interest rate decision on wednesday.

benjaminhay Updated 

audjpy failed to break its resistance and seems to gain selling pressure. 0.5 fibo level has been rejected on the retracement. Next tuesday, the RBA will decide its new interest rate, must watch this pair closely