The EURUSD bulls finally did it. After several failed attempts to breach the 1.0635 area, Friday’s late session surge put the single currency well above the mark. Yes, there was some profit taking into the close, but that isn’t abnormal especially given Friday’s 130 pip rally. At the end of the day, the pair still managed a close above the 1.0635 handle, which...
However, with the 115.10 handle still intact, I decided to remain on the sideline. I also didn’t want to enter in front of yesterday's non-farm payroll report. The 115.10 area has served as a pivot since January 6th. It’s also the 50% retracement from the December 2016 high to the current 2017 low. So far, the reaction from yesterday’s events is mixed, and the...
Just two sessions ago the AUDUSD carved out a bearish pin bar from support turned resistance. The trade has played out in textbook fashion so far, and now it seems the AUDJPY is following in its footsteps with some bearish price action of its own. The rising wedge that extends from the December 2016 low broke down yesterday. These patterns often signal exhaustion...
Technical analysis: USD/CAD is expected to trade with bearish bias next week. Bearish pinbar formed as double top from the 20.1.2017 Trend line from January last year holding as resistance, we have already resistance trend line from the 25.5.2016 Zoomed chart (H4) showing broken trend line with H4 bearish outside bar. If we zoomed a little bit more (H1) there is...
-NEW SIGNAL- SCALP TRADE Type: Market Date: 26.5.2016 Technical: Pullback to our sell limit Pair: GBPJPY Timeframe: H1 Trade: LONG Entry at: now 160.750 Take profit 1: 162.390 Take profit 2: / Take profit 3: / Stop loss: 160.000 Our risk: Touch trades/Wick plays = .25-1% risk depending on the situation
-NEW SIGNAL- Type: Sell Limit Date: 26.5.2016 Technical: Daily strong resistance Pair: USDJPY Timeframe: Daily Trade: SHORT Entry at: 110.363 Take profit 1: 109.554 ( 81 pips ) Take profit 2: 109.147 ( 122 pips ) Take profit 3: OPEN Stop loss: 110.662 ( 29 pips ) Risk reward: TP1 = 1:2,8 TP2 = 1.4,3 Our risk: Touch trades/Wick plays = .25-1% risk depending on...
-NEW SIGNAL- Type: Sell Limit Date: 23.5.2016 Technical: Daily strong resistance Pair: GBPJPY Timeframe: Daily Trade: SHORT Entry at : 162.403 Take profit 1: 158.770 ( 566 pips ) Take profit 2: OPEN Take profit 3: OPEN Stop loss: 162.951 ( 54 pips ) Risk reward: 1:5 Our risk: Touch trades/Wick plays = .25-1% risk depending on the situation
-NEW SIGNAL- INTRADAY TRADE Date: 25.5.2016 Time: 19:22 GMT +1 Pair: USDJPY Trade: SHORT Price: entry now 110.277 Stop loss: 110.630 ( 35 pips ) Take profit 1 : 109.356 ( 93 pips ) Take profit 2 : 107.779 ( 250 pips ) Take profit 3 : 105.727 ( 450 pips ) Risk reward : 1:2,7 TP1 Our risk: 0.25%