200PipsClub

200PipsClub

This trade is taken based on long and short term technical picture.From the weekly chart(posted below),it looks like price has failed to break above the 61.8% Fib retracement and has fallen back almost 300 pips below that level.As long as price remains below this level,short is preferred.Based on the fact that Yen strength and EURO weakness can be seen in their...

200PipsClub

This support has proven to be a significant one marked by previous resistance,61.8% fib,trendline and 200 period SMA . Price bounced back from here four times.Now price is trying to breach below this support once again.If price is able to hold below 1.525,a significant downward move may take place given the ECB's hint at the most recent meeting for more potential...

200PipsClub Updated 

Price started falling back from longer term resistance and now below 38.2% fib level(see the weekly chart below) signaling a long term downward move may be underway as price is still below 200 period MVA of the weekly chart.A short trade was executed from the 4H chart as price fell below 20 period MVA of the 4H chart.The trade will be open as long as no 4H candle...

200PipsClub Updated 

This chart set up may not be particularly attractive just by its appearance. But it surely presents a great trading opportunity which is the bottom line here.There is probably significant short covering taking place in all the Yen pairs today pushing the Yen lower across the board.So it's time to figure out when the short covering will turn into a bull run.If the...

200PipsClub

Bullish bias-Candle stick is one of the best indicators in technical analysis.I tells mostly tells traders who are in control(buyers or sellers).The last five candles have consolidated between 61.8% 38.2% fib indicating none of buyers or sellers have been able to gain control.But as long as the price remains above 38.2% fib,bullish bias remains in play.For the...

200PipsClub Updated 

If NFP report prints a strong number,the break of this triangle may soon become reality.Don't short if the number disappoints even if price breaks below .6600 today.If any trade is taken,update will be posted here.

200PipsClub

the chart pretty much explains everything.Those who are bearish on Euro can start adding from here if this 4H candle closes at or below1.0870but keep at least half of the allowed size to be added after the break of the triangle.This way,if this prediction is wrong,loss will be much smaller than the potential profit from this trade.

200PipsClub Updated 

If US Dollar is able to break above the resistance,this pair should move lower sharply as there is no significant support till 1.4226.Check the charts below.

200PipsClub

This pair presents an opportunity for bulls and bears. Long-There is an apparent bullish cup formation here from technical perspective.On the fundamental side,even though net short position in futures increased significantly(161k from 161 previously),the pair is still moving in a range forming a flag in the daily chart(see below).Both the 100 and 200 period SMAs...

200PipsClub

Price has just touched the significant resistance.This pair can be used for both long or short trade set up. Long-If Euro's upward momentum against all the pairs continues,this pair should produce a better technical set up than others as there is no significant resistance within at least 200 pips after the breach above .7500.The next significant resistance is at...

200PipsClub

When most of the other pairs are exhibiting USD strength,this one is actually presenting an opportunity to those who want to short USD.A run toward 116.09 is highly possible as USD strength across the board could do nothing to this pair in last few days after it broke below the triangle.Sellers will probably wait at least another 100 pips to start taking...

200PipsClub

The pair has so far failed to break above an important zone marked by 200 period MVA,38.2% Fib level and a sticky price level 1.0815(see the link below).As long as price remains below this level,short should be preferred.The only news event to affect the pair is the US employment report due on Friday morning.Till then the only driving force behind the pair should...

200PipsClub

I have just posted a short trade set up for GBPJPY.For those who are bearish on YEN,this pair presents a great opportunity.Price tried to penetrate through 83.00 level several times but failed.This area is also marked by 50% Fib level.So I don't want to assume anything.But I'll be ready to go long above this level in January.If I make a trade,The update will be...

200PipsClub

15 days ago i posted the short trade set up in GBPJPY.Although short was preferred below the trendline,lack of strong momentum kept me form shorting it again below trendline.But from technical perspective,this trade looks too compelling now. I'm not taking a trade now because I already have made enough pips for the month.A good trader should know when to stop...

200PipsClub Updated 

Momentum is in favor of the long But longer term technical picture(break of the triangle and price below 200 period SMA) favors short.So will try to go long above 2.0800.Below that level,will look to short.

200PipsClub Updated 

Best trade set up of the night probably. Bearish in the long term.But price have jumped from a strong support.So could not lose the opportunity to go long.Already closed the long trade for 78 pips this morning.But the US and Asia session candles hint toward a substantial move to either side.So will buy or sell any break in either direction with a stop loss of 50...

200PipsClub

If someone favors to go long euro,this pair probably provides a very good opportunity.If price breaks above 61.8% fib retracement,It'll be very like to break above the trendline as well which will provide a buying opportunity.I'm usingthe daily chart here to show the longer term picture but I always execute from 4 HR chart.So probably today's US session will paint...

200PipsClub

I can't talk enough about this pair.But let me try.Right now the pair is at the confluence of 200 SMA,61.8% Fib retracement,horizontal support and the .6600 round number.On the fundamental side,RBNZ may announce a rate cut today.If that happens,it'll perfectly match with the expected rate hike by the federal reserve giving me a bearish bias.So I'll slowly add to...