This went well. Double top where both almost knocked out the trade. What it showed is that, that zone was highly sensitive and a great place to have a sell stop and place 2 more trades.
NZD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 89.280 which is a pullback support. Stop loss is at 88.350 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 90.408 which is a pullback resistance. High Risk Investment...
NZD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take profit target. Entry: 89.249 Why we like it: There is a pullback support level Stop Loss: 88.992 Why we like it: There is a pullback support that aligns close with the 50.0% Fibonacci retracement level Take Profit: 90.405 Why we like it: There is a...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 96.377 which is a pullback support that aligns with the 38.2 Fibonacci retracement level. Stop loss is at 95.330 which is a level that sits under a pullback support and the 61.8% Fibonacci retracement level. Take profit is at 97.452 which...
CHF/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 167.390 which is an overlap resistance. Stop loss is at 169.06 which is a level that sits above the 78.6% Fibonacci retracement and a pullback resistance. Take profit is at 165.725 which is a pullback support. High Risk Investment...
The buyers won this round and that is no loss for us therefore we stay watching and waiting for any of our triggers or rules to be followed before entering any new trades.
AUD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 98.053 Why we like it: There is a pullback resistance that aligns with the 61.8% Fibonacci projection level Stop Loss: 98.583 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci...
Here's the information we wanted and waited for. We'll probably get more movement throughout the day. Here's a trade I will be taking (Sell Stop) - LL, LH - coming from a bear move, shot up (falling to break high bear high) - Gap downwards, meaning we have to close the gap before real movement - This has been in a bear channel My RR = 3.75 which is inline with...
Back-testing this was one of my greatest lessons and pleasures of enjoying exchange and the markets of. 2009, 2014, 2015 & 2023 - These years are crucial because 190.00 beat them down telling them to sit TF down and show respect. Bigger view, zoomed out, 1M - shows 2 double bottoms - this indicates that we were bound to fight upwards - 2020 (1W) we shot up,...
Bigger timeframe has shown us LL and LH, therefore we are sinking. We should not be looking to fight the trend but follow and capitalize. So it to be clear and straight forward we will wait for one the rectangles to be hit, retested and candlestick confirmation in the area in order to decide what we are doing. With that gap we can guarantee that the gap will...
Welcome to one of my favourite pairs. I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better. High = 151.943 (Has been hit 3 times, area of sensitivity) - results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022 - This should...
USD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 143.347 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 145.100 which is a level that sits above the swing-high resistance. Take profit is at 141.415 which is a pullback support. High...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 141.418 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection level Stop Loss:140.18 Why we like it: There is a pullback support that sts under the 100.0% Fibonacci projection...
NZD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 89.019 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss:88.461 Why we like it: There is a pullback support that aligns with the 100.0% Fibonacci projection...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 106.436 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 105.726 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 95.673 which is a pullback support that aligns close to the 61.8% Fibonacci retracement. Stop loss is at 94.430 which is a level that sits under a pullback support and the 61.8% Fibonacci projection level. Take profit is at 97.291 which is...
AUD/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 96.100 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 95.484 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement level Take...
USD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 142.466 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 140.800 which is a level that lies under a swing-low support. Take profit is at 144.954 which is a pullback resistance that sits...