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Market maker trading strategy used to work out there was going to be a breakout in London after there was a hammer left at session change over. expecting a rise at 3pm on the 23rd due to fundamental analysis but also expect a reverseal in the New York session time.
happy to hear any opinions, I'm only 16!
So, currently USDJPY is approaching its weekly resistance level, From this a potential short position:
I will keep you guys updated as to how USDJPY reacts through out the week.
Bearish Kangaroo tail (pin bar) formed on the weekly chart. Target will be around 1.65700.
Be careful of the volatile news affecting the dollar but anyway the downtrend is coming to an end and us seeing bullush momentum when price reaches 1.51 level it will jump. Price is well belo wboth EMA's and stoch is oversold.
Hey people FX_IDC:XAUUSD is about to go down on the weekly, firstly this huge uptrend is about to end. Recently when price touches 1306 resistence is shown and price comes crashes down. Support is met on price and is touching 0.786 level on the fib and touching the 20 EMA soon the TL will be touched. Stoxh confirms direction.