About meForex day/swing trader and educator, follow my instagram for live updates news events and setups @jamison_fx, my purpose is help educate and provide valuable content and get traders onto the winning path.
I'm very interested in GOLD buys around the area of 1790 to firstly take out 1820 and possibly higher. Their is a lot pointing to buys on gold including the trendline, reversal price action on multiple time frames and an obvious support level. Hope everyone has a fantastic week on and off the charts and let me know your opinions in the comments!
Will 1.28000 be the resistance that gives the much needed pullback on USDCAD? Ill just be monitoring price at the start of the week and hopefully price can shape nicely for either a bigger retracement or even possible reversal.
Risking only half a percent on this one as we seen a quick move back up to resistance area but risk reward to good not to enter another trade. So once again targets down at 1.55500 and possibly further.
Got some nice positions on this pair yesterday and took 50% profit at 153.500 then got stopped at breakeven with the remainder. Ive entered shorts again off that 154.000 resistance and hoping to see price attack that support again at 153.500 and possibly lower, bit of a slow week so will be taking some profits again at 153.500
Getting a strong rejection at the time of typing this so it may be too late to jump on short trades, but I thought Id give a little longer breakdown video and mark on some levels just to show a little bit of my trading style. If you manage to get entry's id be looking at taking some profit at 82.850 and targeting some longer term areas around 82.200
So hopefully some of you guys may be in this trade, as expected price is pushing down and looking like we may see a deeper pull back to go with the overall uptrend or possibly making a reversal for some further downside. Even though I'm not in the trade I will update later in the week.
Finally seen some better movement, got nice entry's going straight into profit at 1.56000, risk free then took out first support area with a strong 1hr candle so holding 60% of my position now with stop loss moved to entry point. Overall target I'm looking for is 1.54600!
Hoping to see another much needed deeper pull back or possible trend change on USDCAD, I've just entered and like I said moving stops to entry point as soon as a few pips in profit as I'm not forgetting the overall 4hr uptrend!
Hoping to see another rejection at the resistance of 1.56000 for a push down into 1.55500 atlest and possibly lower.. as usual risked 1% and will move stops once in a little profit, will close most of my position down at 1.55500!
Have just entered short trades on USDJPY from the resistance area of 114.200, looking at price to make a move back down to 113.500 and possibly long term even lower... Risking only 1% and taking 50% profit atlest at 113.500, and then letting the rest run at break even.
Firstly I apologies for my voice I'm currently trying not to lose it LOL, anyway I've still got my short trade open but moving stops to breakeven, we seen price get a bit choppy Friday and I do expect weakness from the dollar... so a sell off or push down on USDCAD I feel is coming, the hard part is getting the best position with the lest risk. Ill monitor price...
Ill be stalking the area of 152.750 for possible buy trades if we see more rejection here. Remember to keep a strict risk management plan! Sometimes if I'm placing trades at the same time with same currency crosses for example GBPJPY GBPUSD I will half the risk because if we get a huge weakness out of GBP it can send 2 trades into a loss...if you know what I mean
Main focus will be on the area of 1848 to see if price can continue trading below here or if price will push back up towards 1870, I don't expect to much on Monday but as market momentum picks up I will possibly look at trades.
Depending on if we get another rejection from the area of 1.34100 I will be looking at buy trades once again. This area could continue a 4 hr uptrend for a bigger retracement or be an area where price breaks and continues its sell off, I will be patient Monday but watching these areas carefully. Hope everyone has an awesome week and wish everyone luck!