MatthewGitau

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Joined
Markets Allocation
100 % forex
Top Mentioned Symbols
NZDJPY 33% | 2 GBPUSD 16% | 1 EURNZD 16% | 1 USDCHF 16% | 1
MatthewGitau MatthewGitau NZDJPY, 240, Long ,
NZDJPY: NZDJPY long
24 0 4
NZDJPY, 240 Long
NZDJPY long

we have hit our level of support so, we can look for an opportunity to enter into a long trade. The support of the uptrend has been respected time and time again, and continuously retraced once hitting this, so I would expect the market to move in an upward fashion to bag us 200 pips, but set your stop loss to 120 to be safe, and use fib extension to aid in your ...

MatthewGitau MatthewGitau AUDCAD, D, Short ,
AUDCAD: AUDCAD short
27 0 5
AUDCAD, D Short
AUDCAD short

it has hit its resistance and I've been looking for the confirmation, since we can expect the price to retrace in the downwards fashion as you zoom out in day mode, you can see the bearish trend... in 1hr, 4hr and 1day we can expect it to go down.

MatthewGitau MatthewGitau NZDJPY, D,
NZDJPY: nzdjpy potetical 150-225 pip profit.6
32 0 2
NZDJPY, D
nzdjpy potetical 150-225 pip profit.6

The trend line shows a overall support for the past few months, meaning it should follow its current pattern of hitting the trend line and then closing above it, whilst we need to be weary of any false breaks, that could lead us to think its a short position. We can also see the formation of a double top and it was already in a bearish trend which can also lead us ...

MatthewGitau MatthewGitau USDCHF, D, Long ,
USDCHF: USDCHF
27 2 1
USDCHF, D Long
USDCHF

A simple analysis to what could outcome, some other opinions in the comments would be greatly appreciated...

MatthewGitau MatthewGitau EURNZD, D, Long ,
EURNZD: EURNZD buy
25 0 2
EURNZD, D Long
EURNZD buy

It is still climbing to reach its previous height were it may begin to stabilise before it continues to ascend or it may decide to retrace. some fundamental analysis will play a crucial role in the following weeks. A price tag has been used to give you an idea on where to put your take profit, and the dotted lines are there to show were the trend may begin to ...

MatthewGitau MatthewGitau GBPUSD, D,
GBPUSD: NZDUSD SHORT
39 0 2
GBPUSD, D
NZDUSD SHORT

I've not written in any stop losses or take profits since we all would have different opinions on that, though ill make sure to write them down in future analysis though!

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