XAU/USD (GOLD) - Aggressive 6H Entry (Trend-Change)
@: 1282.30
S/L: 1274.00 (-74.5 PIPS)
T/P: 1292.05 (+98.6 PIPS)
Risk:Reward: 1:17-1
ENTRY: We have seen our 6H candle close -ABOVE- our major trend-line indicating a trend-change. As well as our 8H and 1D candles. We are looking for our Major T/P area of 1300.00 but our 1st T/P area is 1292.05
S/L: We placed...
USD/JPY - Aggressive 6H Entry (Trend-Change)
@: 113.692
S/L: 114.445 (-75.3 PIPS)
T/P: 112.130 (+156.2 PIPS)
Risk:Reward: 2:12-1
ENTRY: We have seen our 6H candle close -BELOW- our major trend-line indicating a trend-change. As well as our 8H and 1D candles of closed -BELOW- as well. We are looking to potentially reach our Minor Support of 112.130 area.
S/L:...
As posted earlier we were seeing a potential down-side for this pair. As of right now we will have a total of 2 active entries (Medium and Short). We will be looking to add another position at the close of the 4H candle, if it ends up being a bearish candle. Our T/P is roughly set between our Monthly Support and our -27.20% Fibonacci Area.
If this becomes a...
We've been in a -STRONG- down-trend. Strong enough that our overall bias on higher time-frames may change to a down-trend. Almost all of today we have seen this pair retrace; which is normal after a long session of bearish movement.
As of right now; we are in a interesting spot. If we see price closing above at the end of this hour we could go back to a...
As posted previously on our Market Update; we may see more of a down-side for this pair. We went ahead and placed a VERY AGGRESSIVE entry on this pair. As we saw that our 4H candle has closed -BELOW- our trend-line. As price has been in a STRONG down-trend we wouldn't be surprised if we see price retracing a little bit. Needless to say we have a pretty decent...
As we see that price has closed -BELOW- our minor trend-line. We will be looking for a quick CTT scalp. If we do see price closing -BELOW- our major trend-line we will have FTC which we may extend our T/P.
As we see a trend-line rejection I saw a good -LONG- opportunity. I did enter with half of my average lot size as I want to wait to see if price can close -ABOVE- our Major Trend-Line. If we do see that at the close of the 4H I will be adding another position and riding with 2 active positions for this pair. We just have to wait and see.
How this is a...
USD/JPY - Short-Term-Trade - Market Update
This has been a LOVELY pair this week. As it has given us LOTS of trading opportunities. Overall I've had 3 entries with this pair (2 closed with profit and 1 Long-Term currently opened). As of right now we are in a perfect zone for entries.
Price has already reached a potential area of profit (-27.20%) and it...
GBP/USD - Short-Term-Trade - Market Update
We've been seeing price be in a STRONG -Bullish- trend. Overall I can see price reaching our -27.20% Fibonacci area (About 75 PIPS away). However; I don't see my self placing any entries as of right now. What are my recommendations?
If you are in a -BUY- I recommend you still hold this pair as we are still...
CADCHF has broken downtrend that started on 02/27/17 and was confirmed on 04/13/17
Bottoms formed on 06/02 and 06/07 creating a double bottom, downtrend was broken and is currently testing for support.
Three potential take profits, looking for a buy around .71750 with a stop loss at .71500.
TP1: .73550
TP2: .75700
TP3: .77000
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AUDNZD has created a valid uptrend on the daily.
Higher High and Higher Low formed.
Stoploss 1.03500
TP1: 1.08400
TP2: 1.09600
TP3: 1.12600
TP4: 1.16000
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Are we finally going to have gold dropping? I've been anticipating a drop for gold since last week. However; we haven't had any major confirmation. Regarding this Medium-Term-Trade we may have a down-side coming to us this week. Now the gold market has just opened 45 minutes ago. So a LOT can happen until our daily candle closes.
If by when this daily candle...
Could we see a possible down-side for USD/JPY? Previously we have seen that price went into a small bullish trend. As you can see it didn't go too far; as it rejected our Major Trend-Line. That area was a extreme critical area as it aligned with a Major 38.6% Fibo area.
What do I need for a entry? If we manage to see price closing -BELOW- our Minor Trend-Line I...
CAD/JPY (Pre-Week Analysis): Last week we decided to NOT trade this pair until the start of next week (tomorrow). Now that I've been seeing more or less a more solid trend. I can give out more updates of this pair (If it doesn't go back into a strong consolidation zone). Our minor trend-line; seems to be working much more smoother which is something I like to see....
Here , market gives us only Daily levels. Okay , we will trade around them only. However , we are in triangle pattern . Indecision in the markets again. It's very risky to trade in that kind of environment. Market can do anything. You must be very cautious. If we go long , we will be stopped soon , If we go short , we will be stopped soon. So we just chill out and...
