vezuriux

vezuriux Updated 

Had a nice 200 pips run down from my previous analysis. The two fib levels from the previous idea also aligns with the 0.382 retracement on this current chart. I do not see any trades for now so I will wait for market to enter my area of interests. The market retraced to 0.5 level around the end of March and stalled for a bit there. And then it headed to the...

vezuriux Updated 

Price broke above the long term orange trendline and the purple triangle channel. Price is currently at the previous resistance red line and lingering there. I favor going long than short but it is still a bit early to tell. If price cannot break down the yellow zone, I will go long. Hope this chart helps you all in your trading.

vezuriux

We can see the market inching towards the 1.27 fib extension level. I'll wait for a retracement back to 1.00 level or to the orange trendline before entering long. Happy trading everyone!

vezuriux Updated 

As you can see from my previous analysis, I have posted 2 potential short entries. I did not take the first entry coz as you all know, Theresa May was making an announcement and GBP reacted to it with high bullish momentum. The price went through my first sell zone and now it stopped at the second one. My second order was triggered and now I have changed my profit...

vezuriux

Seems like there were a lot of sell orders at the 1.618 fib level. As of now, the market will retrace back to the 1.27 level or maybe 1.00 fib level before making another move. As of now I do not see any potential trade setups in my chart so I will wait for market to enter my area of interests. Trade safe everyone!

vezuriux

Waiting to see how the market behaves at this yellow zone. Will it reverse here or will it go straight down? We'll have to wait and see and trade accordingly. I will be taking a short position below the yellow zone.

vezuriux

USDJPY, in my opinion will go to the 1.272 level of the most recent fib retracement. This level also aligns with the previous 1.618 fib level also. There is a high probability of a reversal at those levels (108.xx - 109.xx) Watch out for this region and trade with care! I personally want to go long at those levels if there are signs of a reversal happening.

vezuriux

Market did not retrace so I did not get a chance to go long on this pair. Seems like market is crawling towards the 1.272 fib level and it is a previous sell zone also. I will look for a quick short there but I will not hold if for long as I believe the market can still go towards the 1.618 fib level. It is safer to short there as there is another sell zone...

vezuriux

A minor pullback to the upside is highly probable. If it breaks down below the yellow region, I will be looking for a short. So far, I am neither bull nor bear on this pair.

vezuriux

There is only one setup that I'm waiting for and that is a minor pull back before going long!

vezuriux Updated 

Hello Traderz, For the coming weeks, AUDUSD has a few possible directions it could head to. Scenario 1: If Monday retraces back up a little bit, I would look for a short entry on a lower timeframe on Tuesday. Scenario 2: If Monday ends with a red candle then it would be too late to short and I would just wait till price hits the yellow zone. Scenario 3: If...

vezuriux Updated 

These are the directions I think the market could head to and I hope the information can be of use to you guys to plan your entries. Happy trading and have a good week ahead everyone!

vezuriux Updated 

Hey guys, last idea before the week begins. These are the possible scenarios for Mr. Market to choose from. Red is, in my opinion, the most likely scenario and blue is the best scenario for us traders to bag the most pips. Trade with care and all the best for the coming week ;)

vezuriux Updated 

Sorry guys, forgot to mention that I would only take a short position if the market breaks out of the orange channel. Cheers!

vezuriux

Overall it is a bullish trend but I doubt the bulls have enough strength to break the triangle formation. So the market would go back into the green zone once again and then attempt to break the resistance. A low risk entry with a great profit ratio ahead for this coming few weeks. I would re-manage my trade as the market approaches 1.075 level (I would either add...

vezuriux Updated 

In my opinion there is no clear direction as of now, but the market is headed into the support zone. Will wait for a few days and see where it's headed. Will keep this updated.

vezuriux Updated 

Based on the support and resistance zones, if the market goes below the support, there is a low risk short entry. SL above the previous daily highs and profit in the next support zone.

vezuriux Updated 

The moving average has become a strong resistance and the market is at fib level now. Can take profit till the next fib level and place stop loss around 40 pips above the current price. My sell limit is at 112.85 or 112.65 with stop loss at 113.15 My sell stop is at 112.00 with stop loss at 112.30 or at 112.20 with stop loss at 112.60 Trade at your own risk...