this pair is over sold on 2H, 4H and 1D. it was all caused by the US news (and the recent Yen strength). I expect the EURJPY to have a small pull back around 131.3 - 131.4 area and the go back down again.
RSI on 4H and daily chart are showing market is extremely overbought. It can potentially go down quite a bit first before dollar shows its strength against CAD again.
I expect GBPJPY to sttart a simple retracement day. There's no major news on Monday so the market condition should allow a decent retracement. However Yen is in good strength at the moment and pound is suffering, so I have a tight trailing applied.
There's no major news on Monday. So the market condition should be stable enough to afford EUR a retracement opportunity, it can go up around 1.1915 I believe; higher than 1.2025 would be highly unlikely but if it does, I would consider a potential of reversal.
Pound may retrace back a bit for a small level of pull back, but I expect it not for long, not even able to pass 1.383 (Although I set my SL at 1.387. I am still in a pound bullish mind, and that makes things a bit difficult to accept (hence last week's huge loss). I think in short term we should accept the fact that pound now need to compromise and face the...
CHF should have a small pull back after last week's huge fall, but with Yen's getting strong, it's more likely for CHFJPY to drop further. there's a small support zone around 118.4 - 118.8.
Easy fib to fib setup with safe range. 6.18-6.18 scalp
New to BTC, testing out the spreads. Should bounce back a little bit, overall going down during the weekend. (I'm new to crypto)
Go for daily scalp for some loss recovery. Tight SL and trailing.
USDCAD is finnally going back up after many weeks of downtrend. It does look like a cup forming, suspect it is now also reached a minor resistance. So a possible drop is to be expected. If it does drop to around 1.22 (not saying today), I would consider a shoot up very soon in 2-3 weeks.
Gold hardly has RSI lower than 25, and now here it is. I don't expect it go down further at least this week. But we never know. Put a small lot size from the burnt account. GL....
Sometimes you have to compromise.... After yesterday's downfall (and this morning's, and possibly this afternoon too), GBP still has a bit more room to go down just a tiny bit more as I believe. Fib lines drawn. I'm a pound lover, I believe it should go back up. I need my money back :D Note to myself: Don't be greedy. Attitude management. Risk control.
Nearly burned myself and my account by my beloved EUR and GBP, which were burnt and possibly still being burnt by the US. :D I'm now using Fib back from April lowest to the peak to measure and think it respected the Fb 0.618 just perfectly stopped dropping further from there. It convince me to go in again. Yesterday's 2 trades burned all my this week's glory ...
Just marked another 5 figure loss loss for a second consecutive red week. It cannot, should not go lower than 1.39696.... Put only 1 lot in, I shall walk away and let the magic happen overnight... If not, I'll give myself a break for the rest of the week to clear my mind out of loss.
If it doesn't mean a double bottom, it should at least require a retracement/correction. Let's see whether it will pull back a bit or continue to drop further.
it has dropped close/over 50% of it gained this week in the inner downtrend of daily uptrend. I'd expect it goes back up soon to at least 133.4. 132.949 was previous hard support being visited and stood for quite a few times. my SL is put just slightly below it.
1.7015 is more realistic. With the FOMC coming in the next few hours, it might either reverse or break up. GL.
entered late but think there's still a chance for euro going up so I let it run will either SL hit or TP by end of day. GL.