Attached to this is the before image shot + the analysis n the rationale behind it. Price just reached its target now, banking in over 250+ pips in profit! Should price keep falling the CS levels are the ones to watch
Another trade that I'm currently in. This trade is based off the risk-aversion fear that is currently exists right now due to everything related to Greece and the Euro which is playing out across most equities indexes in general. As always, as long as the green trendline holds, I'm expecting further selling pressure and the downtrend to continue. My target is at...
Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists. For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
Again I'm a little late posting this trade because I was abit busy doing other things but I am already in trade few hours ago. The rationale is very similar to my GBPUSD Short play on the daily but this is broken down on the intraday level. I am aware alot of people were either long or bullish biased but I knew the uptrend momentum has already faded as explained...
Attached in the 'related ideas' is the before Pic of my Short play in CADJPY along with the rationale of the play.
Another play that i'm already in. This is a intra-day trade based off the clear downtrend we're in right now. As long as the Green trend line holds, I'm expecting this downtrend to continue with a target of around 96.50
Along with pretty much all the JPY pairs, due to combination of BOJ easing from the last couple of years and USD rally we've seen the yen pairs weaken considerably the last couple of years. GBPJPY is no different as this trend is clearly in place. As long as the trend-line holds (green line), I am expecting this rally to continue with this pair possible hitting...
The combining factors of BOJ easing, USD rally across the board and the upcoming events in the Euro makes for a weaker yen in general which means to be bullish on the USDJPY. The monthly chart confirms this and the picture is very clear on the weekly. After the initial break out to the upside and then the subsequent consolidation the last 6-8 months, we are...
This is the follow through coming off from both the higher time-frames (Monthly n Weekly) which clearly indicates a downtrend. Because of this, I am anticipating a further sell off while using the Daily chart to set the target.
A new higher high from the range break out. Range target placed and stop below previous low on 1 hour chart. Daily resistance at 50% retracement zone of 0.78900 so watch price action here.
Good 1-2-3 pattern to continue a bullish bias. Expecting to break the resistance level but maybe too extended to break now. Looking for a small pullback or flag to work off the overbought stochastic.
This is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji. I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level. Change my mind if the price breaks the resistance level at 16.09.
This is the kind of short that I like: the downtrend was defined by the breakdown of a important support level last week and now the market test this same level as resistance, forming a gravestone doji. I expect the price to resume the downtrend seeking the last bottom at 15.15 and even beyond that level. Change my mind if the price breaks the resistance level at 16.09.
I am in once it crosses 5 cents over the 5DMA Entry at 13.67 Target: 14.62 : 7% Stop: 13.15 : Loss: 3.6%, A Profit/Loss ratio of 3 : 1 regards, Jason | Tbltraders.com
See chart for target. Also, a good company that looks to do well in the future
Similar setup as the EURUSD. Swing based, but this time instead of resistance/support, I'm using fibonacci as guidelines since it seems more appropriated. If the breakout happens, I'd exit the trade, since I don't expect a swing up before going down, we could see the bullish strong trend again.