mytw0cents

mytw0cents Updated 

Hi all In the daily timeframe , gold has now broken through the previous low of 1861.430 and is descending to the next support area . I expect a daily breakout, followed by a pullback to complete the weekly structure. LH My trading strategy is not intended to be a signal service. It's a process of learning about market structure and sharpening my trading...

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Hi all Weekly recaps: The price of the GBPJPY has reached the 50% fibonacci level from the previous high of 172.129 and low of 155.350 following a breakout consolidation level (please see earlier post). GBP/JPY needs to hold above 161.802 until this week's market close in order to continue its upward movement. So, I expect that price will end the breakout...

mytw0cents

hi all GBPUSD in weekly TF, no truncation between waves 3 and 5, as in the previous two cycles. Can the price fall to 1.1797 in a few weeks? My trading strategy is not intended to be a signal service. It's a process of learning about market structure and sharpening my trading skills. Thanks a lot for your support.

mytw0cents Updated 

Hi all After the release of positive statistics for the CPI, we saw a rejection at the previous high on the H4 resistance level 1.07897 yesterday. In the daily chart, price rejection occurred several times prior to the level's 1.06952 breakout. Therefore, I will partially close at the support level of 1.06610. A break through the level of 1.06609 could terminate...

mytw0cents Updated 

hello all After a price pullback and breakout of H4 resistance following a breakout at level 1.195966, my plan was to short this trade because gravity tends to help traders earn minor profits most of the time. If the price can remain below the resistance level, I think there is further room to fall. good luck & cheers My trading strategy is not intended to be...

mytw0cents Updated 

Hi all GBP/JPY is currently breaking through the daily timeframe resistance level of 155.549. So, this retreat trade has 160.652 as its target. It may be good to hold swing positions if the price rejects the entry level and closes below the consolidation level. My trading strategy is not intended to be a signal service. It's a process of learning about market...

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Hi all The eurjpy has broken through the resistance level of 142.939. We might see a pullback at level 143.631 with a risk-to-reward ratio of 1:4. I intend to keep long eurjpy at 142.283 with a target of 145.235. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading...

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Hi trader The xauusd is trying support and the us10yr is testing previous resistance, but the dxy is already in a breakout phase, so guess? :) My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all

mytw0cents Updated 

Hi all The US CPI data supported the previous trade plan's rejection at level 1.22703, and the GBP data today shows another decline. A positive US Core Retail Sales m/m result tonight may enable this support level of 1.20472 to be tested. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure...

mytw0cents

hi all The USDJPY has had a good ride, breaking the double top at 132.908 and heading to resistance at 134.778, also performing a triple top pattern. So, in the best-case scenario, I'm looking for a rejection on the resistance level or a breakout. A pullback to the previous double top appears to be an ideal time to enter the market.

mytw0cents Updated 

hi all I'm still slightly bullish on the GBP/JPY trade. I've hit sl and breakeven a few times and also missed a trade. Fundamentally, I believe the market is still buying phase and not a yen phase yet. Perhaps once there is a clear understanding of ufo, long yen will begin. hahahahhahahaha I am thus closely monitoring the gbp/jpy resistance level and waiting...

mytw0cents Updated 

hi all This week, the price failed to reach a new high, ending at 1.24482 as a double top on the daily chart. Therefore, I'm monitoring the 1.20708 support level before considering a retreat LH. Happy weekend My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading...

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Hi all EURUSD has been trending sharply for four months, from 0.953 to 1.103, so I'm still looking for a 50% retracement. After a strong 5 day bearish trend, I see a head and shoulders pattern in the 1 hour chart. So, as long as the eurusd does not pass and close above the head, I believe it will remain in a bearish trend. My trading strategy isn't intended to...

mytw0cents

hi all With reference to the XAUUSD, a flag pattern has already been broken, thus I'm hoping for a pullback at this 2 level to keep shorting. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all

mytw0cents

hi all The eurjpy is currently trading at 139.54 and is attempting to break through daily resistance at 142.9. If the price breaks through the resistance level, it is possible that it will rise to 145 - 146. I'm still slightly bullish on this trade. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market...

mytw0cents

hi all The USDJPY failed to break through support at 130.342 and rally higher, testing the previous high at 130.908. So I'm interested to see if the USD CPI can overcome the resistance level. If the resistance level is broken, I intend to remain long and target the next resistance level at 134.510. If USDJPY fails to break through previous resistance, it may...

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Hi all The EURJPY is battling in a consolidation area with no clear direction, thus my best guess is that it will move sideways. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all

mytw0cents Updated 

Hello all after hitting a three-month high and finishing at the level of 1959.770. I seek a pullback of 50%. Watch the 1860–1862 support level. Happy weeend My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all