A simple trend line was form at time frame 1 hour, and I think after the long shadow candle, EURJPY gain a bullish power again.
Slow but sure, climbing up to test the Resistance @126.20.
So I decided to use this moment to go Long Position :
BUY @125.15
STOP LOSS @124.45
TAKE PROFIT @126.15
It may go up, it may be not.
This is just an analysis and my perspective....
I just found out that the price for USDJPY now is near to the Resistance, plus I see a downtrend channel.
If the price still hold below the Resistance, USDJPY will go down again, and probably gonna try to breach the 110.00.
Therefore I decided to entry Short Position :
SELL @111.10
STOP LOSS @111.50
TAKE PROFIT @110.30
It may go down, it may be not.
This is just...
After a positive feedback from ECB's President Draghi, I start to go Long. The reason why I do this is because we still in the Buyers Territory after all. So after a powerful V-Formation, the Euro starts to pullback and stop at the last Support with a Long Bull Candle with a quite long tail or shadow candle. Then I decided to entry a Long Position right after the...
After a breakout from the recent lower high. I saw an opportunity to go Long, after the breach, Bear starts entry and start losing their momentum, after the long tail candle, I saw a potential for GBPJPY to hold above the Support Channel. I decided to entry Buy Position :
BUY @145.70
STOP LOSS @145.10
TAKE PROFIT @146.70
It may go up, it may be not.
This is just...
EURNZD was moving in the Descending Triangle Pattern. Every time this pattern formed, the potential for the next movement is between it breakout to the Top Channel or Bottom Channel.
But since we have a good tail for the incident in the Support Channel. I think its good for us to open Long Position, therefore I decided to open Long Position :
BUY @1.6415
TAKE...
I just spotted a Three White Soldiers Pattern @60 Mins Timeframe.
I don't know is this the right pattern or not, but as soon as I spotted this. I decided to entry Long Position :
BUY @0.7075
STOP LOSS @0.7000
TAKE PROFIT @0.7180
It may go up, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your...
After the breakout from the Ascending Triangle Pattern, CADCHF starts showing a Bearish Continuation by Declined the Moving Average Exponential.
After the Decline, I decided to entry Short Position ( Sell )
SELL @0.7520
STOP LOSS @0.7570
TAKE PROFIT @0.7455
This action was taken by Chart Pattern analysis and a combination of Standard Indicator, Moving Average...
After the market Squeezed for a while, it breached the Support.
And start to retest the recent Support as a new Resistance.
After a strong Bearish Pin Bar and decline the Exponential Moving Average ( 10, 20 ).
I decided to Short this pair, a very clear signal through the Price Action :
SELL @1.7595
STOP LOSS @1.7665
TAKE PROFIT @1.7500
It may go down, it may...
AUDUSD has gain momentum, from yesterday this pair's has breach the Resistance that hold AUDUSD before.
After the breached happens, AUDUSD starts to hold above the new Support.
From this information, I decided to entry Long Position in AUDUSD.
BUY @0.7095
STOP LOSS @0.7040
TAKE PROFIT @0.7155
It may go up, it may be not.
This is just analysis and my...
After the retracement, AUDUSD has just failed to take the Support. It stays above the Support level, and showing a V-Formation Pattern.
V-Formation is a sign that the buyers are back. So I think the Fed Rate Decision will be a good news for AUD, and probably will bring this pair to Bullish Mode for more further.
Therefore, I decided to take the 2nd position...
I short GBPCHF from @1.3275
Stop Loss : 1.3335
Take Profit : 1.3200
The reason behind this is, I saw a weakness on the Buyers.
Sellers started entry and from my perspective, I think it can reach at least till @1.3200 before if it breaks the Rising Wedge Patter.
