Trader Boikanyo4545 — Trading Ideas & Charts

, 1D

The past few weeks, Dollar has been trapped in a rising undecided price action, which indicates one of the two things. Dollar has been building pressure to burst to the upside or to the downside. If we witness a break to the upside will see a rally to achieve 98.00, if we break to the downside we'll see a rally to achieve 92.00. Good luck!

USDZAR Long Position

USDZAR

, 1DLong

Boikanyo4545

Due to the strength of USD, ZAR seem to take another blow. As Illustrated in the chart, USDZAR made a nice rally to the upside then later retraced to the 50% fibonacci zone. Now we expect the market to push to the upside targeting a safe R14.20.

USDJPY Long Trade

USDJPY

, 60Long

Boikanyo4545

Simple higher high and higher low (Up-trend) Concept. Market is currently retracing( 61.8 test) and we expect an impulse to the upside.

EURJPY Short Trade

EURJPY

, 1DShort

Boikanyo4545

We're shorting EURJPY due to a simple method of impulse wave, retracement(fib = 61.8%) then expect another impulse wave we want to short. We're targeting the level 124.000.

GBPJPY short trade

GBPJPY

, 1D

Boikanyo4545

We're shorting GBPJPY due to a few resistances. This market is currently testing the 61.8, it is also bouncing back to the downside because of a psychological level which is 148.000 and testing that trend-line which it made a false breakout to stop out all those long trades people had. Enjoy the profits.

AUDUSD Long Trade

AUDUSD

, 1DShort

Boikanyo4545

Aussie Dollar about to fall. I won't even go into details about this trade. We're combining that long term trend-line, fibonacci, psychological level and that upper trend-line to add to our confluence.