GBPUSDHey guys, I try now to write down my arguments why the price could be go in this direction. I also started to make every Saturday an market recap off my trades, to see why I was wrong or which trades were placed good. I try to get better and better, sometimes I have a pretty good week where I do nearly to 10% and than I have weeks were it doesn't workout how I want it. a really important thing is my risk management, I am now consistent to risk only 1% on my Account per trade but I think the hardest ways is to let it winner run. I had so many trades where I was up +1 or 2% and than the trade came back and it stopped me out at break even. So I doesn't took some money on this Trade what is really bad. If you have some good hints for me, feel free and post them in the Comments! Thanks guys.
Forex-pips
Euro/Kiwi - Potential Bearish Move Seen!Euro/Kiwi - Prices look like they are getting exhausted at these levels (within the 61.8 and the 76.8 fibos).Prices seem to be within this range since a few days signalling exhaustion of the prevailing uptrend.
Overall from a weekly and daily perspective we look in a downtrend and hence after receiving a few more bearish candles and MA crossovers to the downside - i will look into shorting this pair for targets closer to previous blue zones.
AUDUSD D1Waiting to see AU react towards this demand region around 0.7000 - 0.69800.
Overall momentum on this pair is heavily bearish however we may see some type of retracement towards 0.7100 before the next scenario.
Patiently waiting for price to bounce or break.
USD High Impact news Today at 5:30am PST
GBPjpy -- Time to expand the rangeGBPjpy
It may seem obvious to many that this scenario might play out...buying the LO of the range and selling the top. Although, this time, I interpret the recent action to show that we will make NEW HI's towards 150....even if we still see a bump downward from 149.xx to perhaps 147, before a continued climb.
I will be buying 144.50 area and taking off at 149. Capturing the meat of the proposed movement I speculate.
If in fact we do get to to the top of the range (149), then 147 would be significant support, that if broken will switch my bias towards NEW LO's. 147 would be an area I would BUY again with low risk.
Regardless, many pips to collect along the way :)
USDCHF ideaGood afternon,
After a while, I bring this CHF analyisis:
This pair show us a bullish scenario the last weeks. After a possible rejection of 1.00 resistance level, price is showing reticence of a trend change( on 4H frame).
I expect one of this 2 scenarios:
. Green: Price rejects MA50 on 4H(also 1H) and breaks the corrective structure with a new bullish wave.
. Red: Price can't hold 1.00 and breakout the level. Then, if MA200 is broken, we could see a new bearish scenario.
Thank you for your attention.
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