Still long in my opinion
Admittedly in my previous analysis it was a bit rushed and I failed to see where support was.. Price has now entered support and im waiting to see a retest before taking this long to 89.100
Got some bullish momentum from the previous day that could be carried on today, taking a position based of 50% n 30m chart which is in line with a previous level of resistance which now could act as a support level
Morning all, happy tuesday.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies...
This basic head and shoulders pattern after a huge impulsive move to the upside seems too obvious to be the catalyst for a trend change.
I would expect price to at least come up to test the previous high once again before it considers selling off.
I am expecting a strong sell off on AUDJPY but It won't go without a fight. We could expect the price to push up into a lower time frame order block before reversing to the downside. This would wipe out the majority of the selling pressure from the area of interest.
One of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any...
A quick update before we switch off for the evening before an early start on the markets in the morning.
Our AUDJPY trade which was entered this morning hit our Take profit target for a total of 70PIPS!!!
A massive gain on our capital this week.
But once again were staying humble and will continue with the grind first thing tomorrow morning. Keep your eyes pealed!...
Another well executed trade we entered here at forexinsightsuk this morning. We've been running in profit the majority of the day but now the Australian market is wakening we're seeing big movements happening heading towards our Take profit zone. We are currently 50 pips in profit which is a huge gain on our capital. Holding this position until hopefully our...
This is another trade that hit TP and I was waiting for a retrace for another chance to enter again. It seems to be breaking higher now without much of a retrace so we can monitor this for if and when it retraces back to this support. Once it turns back and then rebounds a long can be entered with a target of 83.928. SL just below the support area.
This has broken above the previous high and is now retracing back to test it as a support. A long can be entered here if we see the rejection. MACD and EMA's are bullish, especially on the daily timeframe. I have set 2 take profit targets, I originally was only looking to reach TP 2 but that could be too ambitious and who knows what can change in the time it would...