traderknudsen

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Markets Allocation
100 % forex
Top Mentioned Symbols
USDJPY 33% | 2 GBPJPY 16% | 1 AUDUSD 16% | 1 GBPUSD 16% | 1
traderknudsen traderknudsen GBPUSD, 60, Short ,
GBPUSD: High risk / reward trade
60 0 6
GBPUSD, 60 Short
High risk / reward trade

Fading the correction of the down trend. Huge risk to reward. 11 - 1 . Risking $100 to win 1100 is good risk management. I might get stopped out, but i only need a few of theese to win som serious money :)

traderknudsen traderknudsen AUDUSD, 60, Short ,
AUDUSD: Fading the minor trend
32 0 4
AUDUSD, 60 Short
Fading the minor trend

Hello everyone! The AUD /USD is in a clear downtrend on multiple timeframes. The minor trend against the major down trend I belive will soon end and the downward move will resume.

traderknudsen traderknudsen USDJPY, 30, Long ,
USDJPY: New trend on USD/JPY - Tripple bottom breakout
76 2 5
USDJPY, 30 Long
New trend on USD/JPY - Tripple bottom breakout

The Daily chart shows a shift in the trend when the market hits a resitance level three times and then break out over the "neckline". This has probably started a new up - trend for the dollar. On shorter timeframe we can see a channel forming. Waiting for the price to bounce of the channel and resume the uptrend.

traderknudsen traderknudsen EURUSD, 60, Short ,
EURUSD: Eur/usd soon to hit resistance and bounce to the downside
94 0 2
EURUSD, 60 Short
Eur/usd soon to hit resistance and bounce to the downside

I think the price action will bounce of the trend and fibobacci resistance. Strong trend down in long term. More often than not trends tend to continue rather than reverse itself.

traderknudsen traderknudsen GBPJPY, 240, Short ,
GBPJPY: Break or bounce  - thats the question !
80 2 4
GBPJPY, 240 Short
Break or bounce - thats the question !

GBP /JPY has had a nice correction against the long term trend, and has just come into some resistance. I belive this resistance will either drive the price down to new lows, or break out and maybe reverse the trend. Either way there are some pips to be made :)

traderknudsen traderknudsen USDJPY, 240, Short ,
USDJPY: Fading the short term trend
123 7 2
USDJPY, 240 Short
Fading the short term trend

Here we have a correction against the major down trend and it hits resistance from trendline and fibonacci level 0,786 ( an important leven for currency pairs. I belive we have a short opportunity, unless the price action breaks out and dont fall down again.

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