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Possible USD/JPY Short position!! SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-4 Days Actions on - A – Activating Event Market will meet resistance in zone @111.966 - .... and fall to the 109.86. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 109.86 FX:USDJPY Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 109.86 Target 2 @ .... Risk/Reward @ 5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
Possible EUR/GBP Short Position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe 1-2 Days Actions on - A – Activating Event Market will meet resistance in zone @0.8637 - .... and fall to the 0.854. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 0.854 FX:EURGBP Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 0.854 Target 2 @ .... Risk/Reward @ 2.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
AUDNZD Break and close to an extensive basic longAUDNZD trade analysis: Price is coming up to the next major resistance area as it was in the last few weeks, resistance hit and failed Jan 22nd, Feb 5th, and Feb 8th. We can tell from the H1 and H4 that it has a stronger hold for resistance, and it is coming back currently to the same zone at 1.05388, so we can see an extensive push upwards if it breaks the area, we will then see a retest on the break and close of that zone, becoming new support and a high in price in the last 2 1/2 months.
Long
by Trellz_
Position Formation - 1hr interval - EURJPYHello Everyone, Bullish Formation - (125.00-125.50) 50 pip interval Bearish Formation - (123.625-123.675) 50 pip interval Consolidation Current Price - (124.300-124.400) 100 pip interval RSI - indicating a strong consolidation currently being manifested within the last (5-6 Days) Overall, be diligent of the current momentum shift and fundamental releases soon taking place this (later) week. Not Investment Advice. For Educational and Analytical Purposes Only. (Be Aware and Stick To Your Trading Principles)*** -LionGate
by LionGate
Yen crosses up except a one?By Andria Pichidi - March 20, 2019 Yen crosses have also been buoyant, with the Japanese currency having been underperformed. One notable exception has been AUDJPY in Asia session, which dipped amid underperformance in the Australian Dollar, which was seen concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil). However during European session AUDJPYfound some ground and lifted higher. In Long timeframe though, AUDJPY seems to be ready for another rounding top formation as given in the daily figure . Even though a ranging market has been identify since the beginning of the year, with the pair bouncing between 77.00-79.90 barriers , a closer look shows that following the peak on Monday at 79.40, t he asset turned lower yesterday, raising expectations for a possible retest of range’s lower edge. However as the asset is trading above 20- and 50-day SMA, the daily picture remains neutral, with momentum indicators preserving the consolidation mode, as RSI and MACD have been flattened around neutral zone. Only a confirm close today below the 78.80 daily Support area could turn the attention toward 3-months low territory between 77.20-77.70 area. I n the short term however, Aussie took a spill earlier, concurrently with a 4%-plus tumble in iron ore prices (sparked by news of the reopening of a major mining operation in Brazil); iron ore being the biggest Australian export. AUDJPY rebounded from 3-day bottom which coincides with 20-day MA and lifted above PP level at 79.00 area, having also been buoyant amid Japanese currency underperformance. As the downwards move occurred yesterday seems overstretched (oversold technical indicators, price outside Bollinger bands), a small U-turn has been formed in the hourly chart suggesting some positive bias in the short term. Next Resistance is set at 79.15-79.20 (R1 and Yesterday’s peak) . Further gains within the day could found Resistance at 79.35-79.40. On the rejection of initial Resistance , the pair could fall back to 3-day’s low which is also the 200-hour SMA, at 78.75 and just a breath below the confluence of S1 and lower BB level. Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Long
by HotForex