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Fxsignals

EURJPYAfter the shorts taking last week, I am looking looking for more entries with good risk to reward ratios that can then allow us to maximize on this pair. Scenario 1: Bulls gain a bit of steam and allow for a pullback all the way to the resistance marked in yellow/orange (126.153 region). Once we reach this level, I will have a sell stop placed below the bearish candle that forms around the level with my stop loss above the level and finally my tp extended to the last support (123.869) drawn in on the chart. Scenario 2: If this fails (very possible as we do have news coming from the BoJ that could swing the yen in either direction) market will close above my yellow resistance and possibly begin moving up. In this scenario, I will sit on my hands and update my chart as the candles continue to form
Short
by billionare_mo
GBPUSD SHORTClear breakout of the triangle pattern presented to us by the market. before going too heavy on shorts, I am still expecting some pullbacks to occur. Another thing I am watching out for that could lead to potential USD weakness is the fact that the GDP data which is being released on friday might be dovish and cause a slowdown for the dollar. Nothing much is happening with brexit besides the fact that we are actually getting nowhere really with the discussions. This (I believe) is also starting to have a bearish effect on the pound as the hype is clearing up.
Short
by billionare_mo
CHFJPY SHORTGreat resistance bounce followed by a triangle breakout on the lower time-frame (H1) giving us a good short opportunity with good risk to reward ratios. I have placed 2 different trade setups on the chart one with a wider stop-loss and take profit which gives room for any retracements which may occur. The second setup has a tighter stop-loss and is more for those who do not like holding positions for too long. Remember though, the tighter the stop, the more likely it is to hit
Short
by billionare_mo