FX_Trader_Analyst

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Price action has been just fantastic. I have predicted retracement on the way up and were buying retracements. Now the price is approaching 21 EMA on daily chart. This is also a resistance zone based on the price action and 113 Psych level...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements BOE delivered hawkish statement last week and from fundamental prospective GBP would be rising on the back of the "we will rather raise than lower rates" comment from BOE. There is zero chance that BOJ would raise the rate and they might...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements This is one of the most important pairs to keep an eye on this week. There are rumours that BOJ intervened during the last week when price touched 110.67 levels. This is also significant technical level where price is just above yearly S2 pivot...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements RBA minutes delivered quite positive outlook and no need fur further cuts is necessary unless situation in the financial markets would change. We know however that high Aussie value is not very stimulative for our economy hence the upside is...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements GBPJPY0.13% this week's price action will either open the door for the continuation of bearish trend or new bullishness. Fundamentally speaking GBP after the BOE statement gained some momentum as BOE was hawkish in it's comments and mentioned...

FX_Trader_Analyst

Your comment or Like is highly appreciated.Thank you! Recent move ended up in profit. Price is now at the Daily 21 EMA that should act as dynamic level of resistance and spark short term correction for next 3 days. I'm looking to join bullish move at around 113.250 levels. Stochastic would need to become oversold and price would continue on its way up from...

FX_Trader_Analyst

Your comment or Like is highly appreciated.Thank you! AUDUSD is due to correction from technical prospective. Stochastic is extremely overbought and price is just at resistance from the last year. Traders might take profit and walk away from the recent strong up move driven by predominantly increase in commodity prices. I expect smaller correction toward...

FX_Trader_Analyst

Your comment or Like is highly appreciated.Thank you! USDJPY is approaching Weekly S1 together with 618 Fib retracement and Support zone. This can be a good buy zone

FX_Trader_Analyst

Your comment or Like is highly appreciated. Thank you! EURUSD rejected Monthly central pivot ahead of ECB meeting later this week while Stochastic signals overbought territory. On the 1H chart price action set up LL,LH can be a solid trigger to enter a sell trade.

FX_Trader_Analyst

Aussie dropped as expected from the beginning of the week against Yen after a strong rally. This retracement might continue for next few days as BOJ in not planning to add any stimulus. Commodities might pick up and that can drive Aussie higher. From technicals perspective 50% Fib retracement with support zone might be a good buying place for a longer term carry trade.

FX_Trader_Analyst

Thank you for leaving comment or Like. After projected pull back from the monthly central pivot point I closed my position with 190 pips.GBPJPY is now approaching Weekly pivot in confluence with 382 Fib retracement and support zone. Stochastic is approaching oversold levels so looking for the price action HH, HL pattern on 1H chart.

FX_Trader_Analyst

Short trade available at resistance with interesting Risk/ Reward. Based on the resistance and Overbought Stochastic at about 90.

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Daily Pivot points: Price is below Monthly and Weekly central Support/Resistance:price sitting at support,resistance is above at around 114.350 EMA: Price below 21, 55 EMA 200 bearish Trend: Down Structure: LL,LH,LL,LH waiting for HL...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Daily Pivot points: Price below Weekly Monthly Central, Accepted WS2 and MS1 Support/Resistance:At resistance EMA: Below 55 and 21 ( 21 above 55) Trend: Bullish with current correction Structure: LH,LL,LH,LL currently LH Bias:...

FX_Trader_Analyst

This trade analysis is part of my diary. Please let me know if it was helful but also your suggestion for improvements Daily Pivot points: Price rejected WS2 and closed above MPP Support/Resistance: Price at the resistance EMA: Price approaching 21 after 55 was respected previously Trend: Consolidation after down trend Structure: LL,LH,HL, waiting for...

FX_Trader_Analyst

Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. Last week I published and Aussie did actually exactly what was anticipated. Price went up confirming support zone and pivot points at .695. Price is now siting in from of...

FX_Trader_Analyst Updated 

Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. I see USDJPY sitting at the resistance zone which combine WR2 and DR2 pivot point cluster. This might be seen as potential take profit zone and zone where bears would sell.

FX_Trader_Analyst

Hi everyone! I would really appreciate any comments or thoughts on this analysis, what are you missing here, if there is anything unclear. Your time is greatly appreciated! Thank you. Bullish movement has stopped at the cluster of Resistance zone - Pivot Points and 382 Fibonacchi retracement. This might be a place where profit is taken or bears will be selling...