I changed the chart data from FXCM to OANDA as it more accurately represents the price action of my broker. I had a few trade ideas look like they got "wicked out" due to FXCM spreads (linked below).
going over UJ i decided to risk a bit of this week's profit to start building a possible USDJPY play for next week. If DXY wants to make a retrace (bullish move) USDJPY might go with it
I made a series of favorable trades this week, albeit with a few setbacks, notably in the EUR/USD and USD/JPY pairs. Nevertheless, the week concluded on a positive note, driven by successful endeavors in capitalizing on bearish movements in the U.S. Dollar Index (DXY) over the past days. To seize potential opportunities, I strategically allocated a portion of this...
I took profits on all the bearish DXY plays into the close. If we manage a retrace of todays move I will consider another LTF short if price action is favorable. New ideas will be posted soon!
USDCAD is in the zone for a possible reversal. HTF and LTF fibs are stacking and LTF price action is currently holding below
this trade is not biased off anything, hardly a gut feeling. If it works it works tho, targeting a HTF fib level
NZDUSD is making its way onto my watchlist for possibly today but next week for sure. Keep an eye out for this one
DXY sold off this morning cracking the lows put in by the past few days. If we cant make new highs from here it could be more downside for DXY
with current price action of DXY a reversal in USDCHF is a real possibility here
audusd is currently under the 618 retracement of the impulse move it put it overnight. Will we see more downside from here??
usdjpy left me in the dust lastnight but i may have identified a good level to look for longs. ultimately targeting the HTF 618 extension on the 4H bull run
might have jumped the gun on UJ and UCHF and was a little early to the bullish DXY party last night.. i got a decent entry on UJ just to get wicked out and then watch it hit targets.. anyway, here is a USDSEK LTF possibility
usdjpy is working its way into a LTF fib level to possibly find support. In USD/JPY, a confluence of factors, including market structure, Fibonacci levels, RSI divergence, and price action, is providing compelling bullish signals. 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of the 100k funded account. Participate in discussions to...
running some risk in usdchf to see if price action wants to retest pre CPI data price levels 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of the 100k funded account. Participate in discussions to enhance our trading knowledge.
this is purely speculation.. super risky trade but we are playing with house money at the moment so if it works it works
In USD/JPY, a confluence of factors, including market structure, Fibonacci levels, RSI divergence, and price action, is providing compelling bullish signals. 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of the 100k funded account. Participate in discussions to enhance our trading knowledge.
EU immediately ran this morning, running the highs put in over the past few days. Bearish DXY play here just in case the downside continues. 💡 Why Follow? Gain insights into my Fibonacci approach. Track the progress of the 100k funded account. Participate in discussions to enhance our trading knowledge.
Caught a slight bounce yesterday in USDSEK on a speculation play however last night we got a legit signal in the usdsek market. Looking for the 618 of this little spike