MelvinMack

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Joined
Markets Allocation
100 % forex
Top Mentioned Symbols
EURUSD 25% | 1 USDJPY 25% | 1 NZDUSD 25% | 1 AUDCAD 25% | 1
MelvinMack MelvinMack USDJPY, D, Short ,
USDJPY: USD/JPY 4H/Daily
34 0 1
USDJPY, D Short
USD/JPY 4H/Daily

Noticeable chart set-up placed with falling channel resistance Awaiting further market movement for potential short execution (112.330)

MelvinMack MelvinMack AUDCAD, D, Long ,
AUDCAD: Long
81 0 2
AUDCAD, D Long
Long

Price rejection three times at the same point, broken resistance line (first yellow)

MelvinMack MelvinMack NZDUSD, D, Long ,
NZDUSD: NZDUSD (Daily)
94 0 2
NZDUSD, D Long
NZDUSD (Daily)

In analysing this pair, it shows that it is in a decent bullish trend, price has changed movement a few times and also attempted to break support lines twice, before consolidating then eventually causing a breakout at third attempt. Breakout didn't last long as price continuously went long breaking resistance which is now a support. Fundamentals this week are, NZD ...

MelvinMack MelvinMack EURUSD, D, Long ,
EURUSD: EURUSD Entry (Daily)
191 3 7
EURUSD, D Long
EURUSD Entry (Daily)

I have been in this trade since the 16th of this month and closely analysing the 1D/1W/1M time frames and from what I have looked at I spotted a potential retracement occurring. I then spotted a reversed head & shoulders pattern where the first shoulder was formed by sellers where they took control within the market, then buyers took back control but sellers ...

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