PyaeLwin

PyaeLwin Updated 

9/1/23 Expect JPY to show weakness across all major pairs this week (already shown weakness on weekly candle from last week) Expect CAD to show strength (last week candle shows strength apart from AUD) CADJPY - Bullish engulfing candle (1W) Buy on opening - tight SL 98, wide SL 97.6 TP1 - 99.30 TP2 - 101.2 TP3 - TBD

PyaeLwin Updated 

GBPJPY long Risky trade; against the trend and expecting retracement after price hit previous low. 1hour chart: previous candle - signs of reversal 4hour chart: tested resistance and price bounced back Using Fibonacci retrace Entry: 158.77 Exit: TP1 159.35, TP2 159.92, TP3 160.38 SL: 158.37 (few pips below the recent low) Again, it is the risky trade.

PyaeLwin Updated 

GBPUSD - long Short term position trade Entry 1.2016 TP 1.2066 (recent high, 50 pips) SL 1.1916 (100 pips, SL is just to protect sudden market move, planning to add on another position at recent low) Buy limit 1.1991. This is short term trade while the price is between 1.2110 and 1.1970. After new year, once the year candle and monthly candle completed next...

PyaeLwin Updated 

A further push towards JPY across all pairs with breakout, will be aiming to see further drop in Asian sessions.

PyaeLwin

NZDJPY short idea The price has broken two resistance lines 1. 83.80 (the price at which rejections happened in 4 hour chart) 2. Ascending channel (1 hour chart). Entry 1. Will await the price to retest 83.80 and wait for confirmation 2. TP1 82.60 (120pips) TP2 81 (280pips) 3. SL 84.30 (50pips) 4. News (No NZD or JPY related news, but US non-farm employment...

PyaeLwin

Either continue upward trend or downward outlook next week

PyaeLwin Updated 

EURUSD is in a strong bullish trendline, with strong correction in 4 hours time, which is later followed by bullish engulfment candlestick. Buy area 1.2170-1.2180 TP 1 1.2210 TP 2 1.2260 SL 1.2120 Please leave your feedback and comment. Cheers!